ANU has won $1.24 million in new funding from the Australian Government to support 326 students to study overseas.

The New Colombo Plan Mobility Round funding will allow students to study in the Indo-Pacific under the New Colombo Plan in 2018.

The New Colombo Plan mobility program funding is for 24 projects in Vietnam, Republic of Korea, Taiwan, Japan, Indonesia, Singapore, India, Mongolia, Fiji, People's Republic of China, Thailand, Myanmar and Nepal.

ANU Acting Vice-Chancellor Professor Marnie-Hughes-Warrington welcomed the funding, which is 125 per cent more than ANU received from the New Colombo Plan mobility program last year.

"ANU is committed to give as many students as possible the opportunity to experience the life and culture of another country as part of their university experience," Professor Hughes-Warrington said.

"The New Colombo Plan will give more students the opportunity to study overseas in 2018 and broaden their experiences beyond the classroom."

The funding will support a number of projects including the Vietnam Field School, ANU Global Leaders Program in China facilitated by the College of Business and Economics, and the Myanmar Clinical Course run by the ANU College of Law.

The University has also received $408,100 in additional funding that has been awarded for multi-year projects that support 133 students.

The funding will enable 14 ANU students to study in Mongolia, where they will study Mongolian politics, history and economics.

The students will be hosted by mining companies and will learn about the activities of NGOs operating in the area.

In 2013, the President of Mongolia, His Excellency Tsakhiagiin Elbegdorj, gave the University a traditional Ger in recognition of the University's commitment to Mongolian studies.