Public Investment Management of Higher Education in Vietnam : Current Issues and Policy Recommendations

Abstract

Purpose: The aim of the paper is to provide a comprehensive insight on public investment management practices in higher education and experiences of developed countries, to analyse the current approaches to public investment management in Vietnam and to propose applicable policy recommendations. Design/methodology/approach: Case study based on literature of public investment in higher education and analysis of legal documents, reports and data regarding Vietnam’s current practices in the field. Findings: Public investment management practices of Vietnam still follow the traditional approach, which has shown various weaknesses and drawbacks in terms of efficiency, lack of unification, and incapability of higher education institutions to seek for autonomy and alternative operational resources. Research and practical limitations/implications: Lack of quantitative data and survey tools to enhance the practical implementation of the study. Originality/value: This paper can become a reference resource for policy makers in terms of promoting reforms in the public investment system for higher education in the future. Paper type: Case study.