Factors Affecting Financial Authority at Public Universities in Hanoi

Implementing the financial autonomy mechanism has created opportunities for public universities in Hanoi to be proactive in financial and asset management. Thereby using the state budget thrifty and efficiently and increasing non-state budget revenues through diversifying non-business activities, production, and business. However, with the requirement of financial autonomy at public universities, many problems arise, from management mechanisms and policy systems to the creation and effective use of financial resources. The author collects data at 46 public universities, with the number of questionnaires distributed at 138 and the number of votes collected at 105, reaching 76%, and uses SPSS software to assess the influence of factors on financial autonomy at public universities in Hanoi. The results show that policy mechanisms, management capacity, lecturer qualifications, and facilities positively impact the level of financial autonomy. From there, the author proposes some solutions to improve the financial autonomy mechanism in the coming years for public universities in Hanoi.