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Dr. Nguyễn Thanh Bình presenting at the fund's launch event
Dr. Nguyễn Thanh Bình (Dept. of Mathematics & Informatics, University of Science) presents “Applied Mathematics in Data Science” at the fund's launch. Photo: Tuổi Trẻ.

On 21 February 2022, the Applied Mathematics Development Fund (VFAM) was officially established and launched in Ho Chi Minh City. Its mission is to advance training and develop highly qualified human resources in applied mathematics, contributing to the country's digital transformation and economic and technological development in the era of Industry 4.0.

The Fund was initiated by the Young Entrepreneurs Association of Ho Chi Minh City, with a lead contribution from Fiachra Aodh de Suipéal Mac Cana — a financial expert and Board Member of Pharmacity Corporation — alongside co-founder Paul Nguyễn (VietQuant) and other members as required by law.

Priority areas

The Fund supports advanced training and research in applied mathematics across several key fields:

  • Economics, finance and data science
  • Industry and optimization
  • Biology, medicine, ecology and the environment

Beneficiaries

Funding is open to master's students and PhD candidates (Vietnamese nationals) with excellent academic records and strong scientific research achievements, currently studying applied mathematics at Vietnamese post-graduate institutions.

The launch event

At the ceremony, Dr. Nguyễn Thanh Bình (Department of Mathematics & Informatics, University of Science, VNU-HCMC) presented “Applied Mathematics in Data Science.” The event drew nearly 50 professors, doctors and heads of mathematics departments from major universities in Ho Chi Minh City.

The Fund's launch marks a concrete step toward turning Vietnam's pool of mathematical talent into lasting, high-impact scientific research.

Source: Tuổi Trẻ — “Thành lập Quỹ phát triển Toán ứng dụng” (21 Feb 2022). Photo: Tuổi Trẻ.

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