Abstract
Covid-19 has been causing a large-scale pandemic, along with the rapid development of information technology. Information technology means such as digital applications will be one of the effective tools to help manage public investment and investment in general in Vietnam. Public investment management at autonomous universities in Vietnam is in the final stage of completion in terms of procedures, legal documents, and implementation. This study was designed to shed light on the factors that affect the management of public investments at Vietnamese autonomous universities. The study's data was gathered from a survey of 126 public investment managers at autonomous universities in Vietnam. Factor analysis and multivariate regression methods were used to analyze the influence of factors on public investment management at autonomous universities in Vietnam. According to research findings, the capacity of public investment management agencies at autonomous universities; Distribution of funds for the implementation of public investment projects; administrative procedures, legal provisions, and the actual context affect public investment management at autonomous universities in Vietnam. With Standardized Coefficients = 0.482, distribution of funds for implementation of public investment projects at schools at autonomous universities were the most influential factors. The research results are the foundation for proposing solutions to improve the efficiency of public investment management at these universities in Vietnam such as promulgating legal documents, building public investment management processes suitable to the characteristics of universities, developing, and proactively implementing works in investment management and operating results of public investment in autonomous University.
Highlights
Developments and changes in information technology have brought modern applications to support the processes of management in the economy, as well as investment activities
The reality is that public investment management occurs at Vietnam's autonomous universities: First, schools have specific processes to ensure that public investment proposals are compatible with the overall strategic directions of the industry and the school
The school has regulations on the operation of specific and widely publicized projects; the bidding for public investment projects at schools is carried out based on competitive bidding; Public investment projects at the school are assigned to private contractors to operate
Summary
Developments and changes in information technology have brought modern applications to support the processes of management in the economy, as well as investment activities. Learning from the experiences of developed countries, Vietnam is taking the first steps of experimentation, implementation, and change when building a model of autonomy in universities. Vietnam's higher education system currently has 237 universities and institutes (including 172 public schools, 60 private and people-founded schools, five schools with 100% foreign capital), 37 research institutes science tasked to train doctoral degree, 31 pedagogical colleges, and two pedagogical secondary schools. In addition to the opportunities that will come with autonomy, universities will face various challenges. They will be able to control their finances, their enrollments, and their training programs. Vietnam is implementing and piloting a model of university autonomy under the supervision of the Ministry of Education and Training. Public investment in educational institutions in Vietnam plays a significant role, especially in public training institutions
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