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Adopting the Hirschman–Herfindahl Index to estimate the financial sustainability of Vietnamese public universities

Author

Listed:
  • Trung Thanh Le

    (University of Economics and Business VNU)

  • Thuy Linh Nguyen

    (Vietnam Ministry of Finance)

  • Minh Thong Trinh

    (University of Strathclyde
    EdLab Asia Educational Research and Development Centre)

  • Mai Huong Nguyen

    (Vietnam Ministry of Science and Technology)

  • Minh Phuong Thi Nguyen

    (University of Economics and Business VNU
    VNU)

  • Hiep-Hung Pham

    (EdLab Asia Educational Research and Development Centre
    Phu Xuan University)

Abstract

Over several decades, the Vietnamese government has increasingly cut its investment in the public higher education system and has also introduced a cost-sharing mechanism. Under this scheme, Vietnamese public universities have been seeking other sources of revenue. Despite the bold emphasis on the need for revenue diversification in higher education in Vietnam, there is little empirical evidence of the status quo of Vietnamese public higher education finance. The purpose of this paper was to fill this research gap by using the Hirschman–Herfindahl Index to estimate the degree of financial diversity in 51 public universities in Vietnam between 2015 and 2017. Our findings revealed that all institutions in this study were unsustainable due to their weak financial diversity. Suggestions for policy makers and university leaders that may enhance financial sustainability include the adoption of performance-based financial allocations and the implementation of capacity-building programs for universities with regard to fund-raising and entrepreneurship skills.

Suggested Citation

  • Trung Thanh Le & Thuy Linh Nguyen & Minh Thong Trinh & Mai Huong Nguyen & Minh Phuong Thi Nguyen & Hiep-Hung Pham, 2021. "Adopting the Hirschman–Herfindahl Index to estimate the financial sustainability of Vietnamese public universities," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-10, December.
    • Handle: RePEc:pal:palcom:v:8:y:2021:i:1:d:10.1057_s41599-021-00927-2
    DOI: 10.1057/s41599-021-00927-2
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    References listed on IDEAS

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