Of the recipients, five students participating in the programme will receive scholarships worth US$1,500 each and the remainder will get scholarships worth US$200 each.

They are outstanding students from Hanoi National University, HCM City National University, Hanoi University, HCM City Economics University and Foreign Trade University.

The award ceremony took place on May 14 in Hanoi and is slated for May 25 in HCM City.

Established on April 1994 by SMBC Capital Markets. Inc, an SMBC subsidiary, the fund has granted numerous scholarships to students from 25 schools in Asia, including China, Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. This is the fourth consecutive year the programme has been carried out in Vietnam.