Title:
POLICIES FOR MOBILIZING FINANCIAL RESOURCES FOR PUBLIC HIGHER EDUCATION IN VIETNAM

Authors:
Nguyen Thi Hoang Yen

Abstract:
Financial resources and resource mobilization policies and mechanisms are pivotal considerations in the innovation and development of Higher Education in Vietnam. Financial resources (FR) for public Higher education in Vietnam derives predominantly from the State budget and the legitimate revenue of higher education (HE) institutions in Vietnam. In recent years, the Government has paid attention to financial investment, establishment, and refinement of resources mobilization policy for developing HE institutions. This study, employs methodologies involving data collection, statistical synthesis, analysis, and comparative assessment, have demonstrated that despite accomplished achievements, the Financial resources mobilization for public higher education has not been diversified while underutilizing the inherent resources of institutions and ineffectively mobilizing societal resources; state budget allocated to public higher education has remained limited; fundraising from commercial banks, credit organizations lacking comprehensible regulations have not been appropriately concerned. From the result of this study, the author suggests solutions to refine the policy aiming at increasing financial resources for public higher education in Vietnam.

Keywords:
Policy, Legislation, Financial resources, Public higher education, Resources mobilization.

DOI:
https://doi.org/10.37500/IJESSR.2023.6506