Revenue of "trillion-dollar" universities soars

According to three public reports from universities, there are 10 universities with revenue of over 1,000 billion VND in 2023. Of these, there are 6 public universities and 4 private universities.

Public universities include Hanoi University of Science and Technology, National Economics University, Ho Chi Minh City University of Economics, Ton Duc Thang University, Ho Chi Minh City University of Industry and University of Technology (Ho Chi Minh City National University).

Students at a job fair in Ho Chi Minh City (Photo: Hoai Nam).

4 private schools include FPT University, Van Lang University, Nguyen Tat Thanh University and Ho Chi Minh City University of Technology.

Among these, many schools have a sharp increase in revenue in 2023 compared to previous years.

FPT University has the highest revenue in 2023 and is also one of the schools with the strongest growth. Specifically, in 2023, this school had a revenue of 2,920 billion VND, an increase of 125% compared to 2021.

After 3 years of slight revenue increase, by 2023, Hanoi University of Science and Technology's revenue skyrocketed to VND 2,140 billion. This figure doubled compared to 2022, which was only about VND 1,070 billion.

Up to now, although there are no official figures on Van Lang University's revenue, in recent years, this is the university with the fastest revenue growth. From 2018 to 2022 alone, this school's revenue increased more than 4 times, from 408 billion VND to 1,758 billion VND.

In particular, the school's revenue increased sharply in the period 2021 to 2022 from VND 1,030 billion to VND 1,758 billion.

Van Lang University has increased training scale (Photo: HN).

In the 2024 university enrollment plan, Ho Chi Minh City University of Economics reported that the school's legal revenue in 2023 is more than 1,679 billion VND.

According to the report of Ho Chi Minh City University of Economics, the school's legal revenue in 2023 is more than 1,679 billion VND.

In 2022, the school had a total legal revenue of 1,189 billion VND. Thus, after one year, the total revenue of this university increased by nearly 500 billion VND.

This year, two public universities joined the "club" of universities with revenue of thousands of billions of VND. They are the University of Technology (Ho Chi Minh City National University) with revenue of 1,003 billion VND and the Ho Chi Minh City University of Industry with 1,010 billion VND.

The largest source of income for schools comes from tuition fees, especially when the scale of training is getting bigger, the number of students increases, and tuition fees also increase every year. Next are items such as scientific research, technology transfer, projects and other sources of income...

At Van Lang University, school leaders explained that the sharp increase in revenue was due to the dramatic increase in training scale in recent years.

Specifically, in the 2018-2019 school year, the school had only 13,200 students in total, but after 2 years, in the 2020-2021 school year, the scale skyrocketed to 30,652 students. In the 2021-2022 school year, there were 38,673 students and in the 2022-2023 school year, the training scale increased to nearly 43,000 students.

At FPT University, tuition revenue also accounts for about 90% of revenue as the training scale has continuously increased in recent years.

Of the total revenue of more than VND 1,000 billion in 2023 of the University of Technology (Ho Chi Minh City National University), revenue from tuition fees is more than VND 672 billion, from the budget is more than VND 102 billion, revenue from scientific research and technology transfer is VND 44.4 billion and from other legal sources is more than VND 184 billion.

At Ton Duc Thang University, in 2022, the total revenue was over 1,067 billion VND. Of which, revenue from tuition fees was up to more than 963 billion VND, scientific research and knowledge transfer was 56.5 billion VND, and from other legal sources was nearly 41.5 billion VND.

The university with the highest revenue from scientific research and technology transfer is probably Ho Chi Minh City University of Economics.

Total revenue in 2023 of Ho Chi Minh City University of Economics increased by nearly 500 billion VND compared to 2022 (Photo: NT).

In 2022, the school will have a total revenue of more than 1,443 billion VND, of which revenue from scientific research and technology transfer will be up to 363.2 billion VND, revenue from tuition fees will be nearly 961 billion VND, revenue from other legal sources will be nearly 113 billion VND and from the budget will be 6.4 billion VND.

Source: https://dantri.com.vn/giao-duc/doanh-thu-cua-cac-truong-dai-hoc-nghin-ty-tang-vot-20240923102801178.htm