VEST 500 Scholarship is jointly provided by Taiwan and Vietnam.
- Taiwan：When applying for studies in Taiwan if the curriculum is offered in English, Vietnamese publicly funded students must submit proof 550 points were achieved on TOEFL PBT or that they have equivalent capabilities in English. If they are applying for studies offered in Chinese, Vietnamese publicly funded students must submit proof that they have achieved a 3 or higher on TOCFL test. Taiwan schools must at least supply full tuition and miscellaneous fees exemption or other preferential treatment which will be supplied directly by the school.
- Vietnam：Vietnam shall supply the publicly funded student with a return ticket, insurance and living expenses (USD 420/month).