BUFET (UIBE), established in 1951, is one of the leading universities Хятадад, which specializes in research in various fields including economics and management. Since its establishment, PUVET, following the motto of "erudition, honesty, pursuit, integrity", has been actively developing and striving for innovation. PUVET is under the Ministry of Commerce and the Ministry of Education of China, which gives it a special status in the education system. At present, PUWET consists of 15 institutes, a postgraduate school and a department of physical education, teaching 1440 subjects at undergraduate level, 1000 subjects at graduate level and 100 subjects at postgraduate level.

BUFET is one of the leading universities Хятадад and conducts joint programs with universities in Europe, Asia and America. It is included Хятадад's state program "100 Best Universities of China in the 21st Century" and is considered to be the flagship university for training personnel for foreign economic relations.