Thi Hoai Trinh Nguyen – Bucharest University of Economic Studies, Bucharest, Piața Romană 6, Romania

Viet An Kieu – Technical University of Civil Engineering of Bucharest, Bulevardul Lacul Tei 124, Bucharest, Romania

Thi Cam Nhung Dao – Hue College of Economics – Hue University, Hue City, Thua Thien Hue Province, Vietnam

 

DOI: https://doi.org/10.31410/ERAZ.S.P.2020.53

 

 6th International Conference – ERAZ 2020 – KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  Online/virtual, May 21, 2020, SELECTED PAPERS

 Published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

Conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

 ISBN 978-86-80194-34-9, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2020

 

 Abstract

 The purpose of this article is to evaluate the efficiency of public higher education investment in
Vietnam’s economic growth through data reports from the Ministry of Education and Training, Ministry
of Finance, the General Statistics Office, and the primary investigation of the authors. The paper focuses
on an in-depth analysis of the costs of investing in higher education, such as state budget spending on
higher education, the impact of budget expenditure on growth, individual investment (household) investment
in public higher education, social costs for higher education public study, and average social cost
for one learner. From the above analysis, the authors will present employment status and the impact of the
problem on both economic growth and the average income of workers by technical expertise.
Besides, the authors will compare the situation of investment in higher education and the economic
growth rate of Vietnam to some countries in Southeast Asia. From there, the authors will determine the
limitations of this impact process. Based on that, the authors will propose some solutions to improve the
efficiency of investment in public higher education for Vietnam’s economic growth.

 Key words

Investment efficiency, Higher education, Economic growth.

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