Abstract
Vietnam is one of a few countries which invest the most in education with 20% of governmental expenditure, likely promising an optimistic development for higher education. However, both the amount and the usage of money for the sector are inadequate, which makes this unable to satisfy the missions of higher education that are human resource training and talent development. In the other words, tertiary quality is lagging far behind other countries in the region and the world, and thus it does not meet the needs of the labor market. The vague and overlapping policies regarding university financial autonomy are considered the root of the weakness of the sector. It is believed that properly engaging with the problems of financial autonomy could result in the improvement of the current higher education system.
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