VinUniversity officially launches the VinUniversity Global Case Competition (VGCC) for undergraduate and graduate students across the globe. For its inaugural year, the theme revolves around VinFast's expansion into the US electric vehicle market. The winning team will be awarded a prize worth up to 200 million VND.
HANOI, VIETNAM - Media OutReach - 9 October 2021 - VinUniversity Global Case Competition (VGCC) is an
annual competition organized by VinUniversity with support of Cornell
University. This annual competition confronts participating teams with global
business problems, based on real challenges facing real businesses/sectors. The
competition asks teams of students from diverse educational and ethnic
backgrounds to work together in order to maximize their chances of winning.
1: Prof. Rohit Verma, Provost of VinUniversity and Mr. Michael Lohscheller, CEO
of VinFast Global shared with students during the webinar introducing the
competition. The Organizing Committee is currently receiving registration
before 11:59 am (GMT + 7) on October 17, 2021.
According to plan, each year VGCC will collaborate
with a business to come up with a realistic case study. The theme of VGCC 2021
is "VinFast – Go Global": How can VinFast – a young Vietnamese business – lead
the "green" movement and establish a permanent presence in the US market with
its electric vehicle models. The competition's methodology and case were
designed with the consultation of Cornell University, a world-class Ivy League
Just 8 weeks after its inauguration, the competition
received approximately 2.000 applications from Vietnam and other world-leading
universities around the world, such as the University of Oxford (UK), Duke
University (USA), Nanyang Technology University (Singapore), Warwick University
(UK), among many others.
The electric vehicle industry has gained increasing
attention around the world. "We see that around the world, climate change is
obviously one of a key topics and sector in term of automobile is supporting
this change. Therefore, electric vehicles play a key role." - shared Mr. Michael Lohscheller, CEO of
VinFast Global in the conference introducing the competition.
Furthermore, electric vehicles will open up
opportunities for the development of a myriad of other supporting industries
and technology, such as Computer Science and Artificial Intelligence, which
would improve living standards and customer experience.
The biggest appeal of this year's theme is the
inspirational story of VinFast, with its pioneering and "borderless" approach.
"VGCC is a bold and outstanding move from a Vietnamese university and an
ambitious Vietnamese enterprise. VinFast, with its "Make in Vietnam"
brand, brings the desire to lead and promote the global 'green' revolution.
VinUni, a fledgling university, has pioneered in its call for global students
to participate in solving the question of expansion into the US market, one of
the most fiercely competitive markets in the world. Unprecedented stories tend
to have a great appeal and arouse participating teams' desires to conquer",
shared Prof. Rohit Verma, Provost of VinUniversity.
Through VGCC, students from various disciplines, such
as business administration, engineering, or computer science, have to join
forces and put their knowledge into practice. Students will be trained in
teamwork, research, analytical skills, in addition to problem-solving and
leadership skills. Such "real learning – real practice" activities
contribute to the attraction of VGCC and demonstrate VinUni's educational
philosophy, preparing students for the real world post-graduation.
VGCC is held virtually from October 4th to November
14th, 2021 with a total prize value of nearly 400 million VND (equivalent to
17,000 USD), including the First Prize worth more than 200 million VND (10,000
USD). Each participating team consists of 3-4 members, who can come from
different universities or countries. Team registration must be completed on the
program's official website https://vinuni-globalcase.com/ before 11:59 AM
(GMT+7) on October 17th, 2021. The top 10 teams will be selected to move on to
the final round, which is scheduled to take place in November 2021. In addition
to the First Prize, the winning team will have the chance to work directly with
the business and carry out their solution.
About VinUniversity (VinUni)
VinUniversity (VinUni) is an excellent, private, not-for-profit university
established by Vingroup. VinUni aspires to develop talents for the future, to
make a breakthrough in Vietnam higher education and to become a world-class
university. With the goal of becoming one of the top 50 young universities of
the world, VinUni has built strategic partnership with two of the world top 20
Universities, namely Cornell University and the University of Pennsylvania.
VinFast is a member of Vingroup - one of Asia's
largest private corporations. With a vision to become a leading smart electric
vehicle brand, VinFast has recently opened its branches in the US, Canada,
France, Germany and the Netherlands. The company is also actively preparing for
the global launch of its electric vehicle models.