The Top 10 Universities with Revenue in the Thousands of Millions

Out of the top 10 educational institutions in terms of revenue, the leading institution was FPT University, generating an impressive 2,918 billion VND. Hanoi University of Science and Technology followed closely with 2,137 billion VND in revenue. The third-highest earner was Van Lang University, which, although it has not disclosed its 2023 revenue, boasted a total income of 1,758 billion VND in 2022.

The fourth and fifth positions were held by the University of Economics, Ho Chi Minh City (1,679 billion VND), and Nguyen Tat Thanh University (1,476 billion VND), respectively. Rounding out the top eight were the National Economics University (1,410 billion VND), Ho Chi Minh City University of Technology (1,260 billion VND), and Ton Duc Thang University (1,141 billion VND).

Completing the list, in ninth and tenth place, were the Ho Chi Minh City University of Industry with a revenue of 1,010 billion VND and Ho Chi Minh City University of Technology, earning 1,003 billion VND.

This list has undergone significant changes compared to the 2022 revenue report, including variations in the number of institutions, revenue amounts, and ranking order.

Specifically, FPT University, which ranked third in 2022 with less than 1,300 billion VND in revenue, has soared to the top spot in 2023, raking in nearly 3,000 billion VND. Hanoi University of Science and Technology also made a remarkable leap, climbing from seventh place in 2022 with 1,070 billion VND in revenue to second place in 2023, generating 2,137 billion VND. The National Economics University improved its ranking from ninth to sixth place, and for the first time, the Ho Chi Minh City University of Industry secured a spot on this prestigious list.

On the other hand, Can Tho University suffered a notable drop, falling out of the billion-dollar revenue club. In 2022, Can Tho University brought in 1,090 billion VND, but this figure decreased to just over 950 billion VND in 2023. The University of Economics, Ho Chi Minh City, also experienced a decline, dropping from second to fourth place. Nguyen Tat Thanh University and Ho Chi Minh City University of Technology faced similar fates, slipping from fourth to fifth and fifth to seventh place, respectively.

The revenue streams for universities stem from four primary sources: state budget allocations; tuition and fees; research and technology transfer; and other legitimate sources (such as cooperative training services, corporate sponsorships, publishing houses, and affiliated businesses). Notably, tuition fees constitute the most significant income source for universities, especially those outside the public sector.