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This building was home to the country's first business school.[7]
On 29 September 1961, the Ministry of Health issued Decision No. 828/BYT/QD to split Hanoi College of Medicine - Pharmacy into two schools: Hanoi Medical College and Hanoi College of Pharmacy.[4][8] The rector and Party Committee Secretary was pharmacist Vu Cong Thuyet; vice-rector was Professor Truong Cong Quyen. In 1985, Hanoi College of Pharmacy became Hanoi University of Pharmacy.