Global Undergraduate Exchange Program (Global UGRAD)
This program provides scholarships for one semester or one academic year of study at a U.S. university.  The goal is to provide a diverse group of emerging student leaders, from non-elite and under-represented groups, with a substantive exchange experience at a U.S. college or university, with in-depth exposure to U.S. society, culture and academic institutions. Students are selected based on 1) academic record, 2) leadership skills and potential, 3) community involvement and extra-curricular activities, and 4) English proficiency (minimum TOEFL score of 525 (paper-based) or 70 (iBT).
Timeline
    September: Call for applications
    November: Deadline for submission of applications to the Embassy
    Nov-Dec: Screening of applications; interviews of shortlisted candidates
    December: Nomination of finalists to Washington
    March: Selection results available from Washington
    June: Placement information available
    July: Departure of selected candidates (whole academic year program)
    January: Departure of selected candidates (semester program)
Contact: Contact info: Tel: 84-4-3850-5000; Email: pas.culture@gmail.com.
Source: http://vietnam.usembassy.gov/educational_exchange.html#vnscholar