According to this decision, Phenikaa University is a private higher education institution with legal status, its own seal and account.
Phenikaa University reorganizes its organizational structure and operations on the basis of Phenikaa University in accordance with the provisions of the Law on Higher Education and relevant legal provisions; the reorganization process must ensure the legitimate and legal rights and interests of the parties involved and the normal operations of the higher education institution.
The University Council, the Chairman of the University Council, and the Principal of Phenikaa University continue to perform their functions, duties, and powers according to current regulations until the Investors' Conference decides to establish the University Council, recognize the Chairman of the University Council, and recognize the Director of Phenikaa University according to the provisions of law.

Phenikaa University, formerly Thanh Tay University, was established on October 10, 2007. Since 2017, the school has officially become a member of Phenikaa Group; since November 2018, the school's name has been changed to Phenikaa University and in 2019, the first class was enrolled under the name Phenikaa University.
The school possesses advanced training quality, currently teaching majors in 4 main fields, including: Engineering - Technology; Economics - Business; Social Sciences and Humanities; Health Sciences.

With this decision to convert the university model, Phenikaa University becomes the first private university in the Northern region and the 10th university in Vietnam (alongside Hanoi National University, Ho Chi Minh City National University, Thai Nguyen University, Hue University, Da Nang University, Hanoi University of Science and Technology, Ho Chi Minh City University of Economics, National Economics University, Duy Tan University).
Phenikaa University has made a strong mark in scientific research activities and many domestic and international rankings. Specifically, the school has maintained the top 1 position in the Nature Index Ranking for 4 consecutive years from 2020 to 2024; achieved 5 stars according to the assessment of the UPM Higher Education Quality Benchmarking System in 2024; Top 5 Vietnamese universities in the SCImago Ranking in 2024; Top 2 in the RePEc Ranking of research organizations in the field of economics in Vietnam in 2024; Top 5 IPSTAR Inventor Stars (2016-2023 period) with more than 40 granted patents, along with nearly 2,500 international publications in ISI/SCOPUS journals in the period 2019-2024.
Source: https://vietnamnet.vn/truong-dai-hoc-phenikaa-chuyen-thanh-dai-hoc-phenikaa-2391940.html
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