More public universities report high annual revenues

Van Lang University in Ho Chi Minh City reported revenues of VND1.758 trillion (US$72 million) last year, the highest in Vietnam, mandatory financial reports by universities show, writes Duong Tam for VNExpress.

The reports, published at the beginning of the 2023-24 school year, show that nine universities had incomes of over VND1 trillion, four more than two years earlier. They included five public schools: the Hanoi University of Science and Technology, University of Economics HCMC, Ton Duc Thang University, National Economics University and Can Tho University. FPT University, Nguyen Tat Thanh University and the HCMC University of Technology, besides Van Lang, rounded off the list.

Tuition fees typically make up the largest portion, especially for private universities. Le Viet Khuyen, vice-chairman of the Association of Vietnamese Universities and Colleges, was wary of the rising tuition fees, saying: “High revenues are a good thing. But if the revenues mostly depend on tuitions, and the fact that tuitions keep rising ... That is a bad sign.”
Full report on the VNExpress site