MARKET LINKAGES IN THE DEVELOPMENT OF VIETNAM’S HIGHER EDUCATION SYSTEM: EMPIRICAL EVIDENCE IN THE 2013 - 2016 PERIOD

Tran Trung; Trinh Thanh Hai; Nguyen Van Duc; Le Van Dao

Trinh Thanh Hai *	trinhthanhhai@tnus.edu.vn	Thai Nguyen University of Sciences Tan Thinh ward, Thai Nguyen city, Thai Nguyen province, Vietnam
Tran Trung	trungt1978@gmail.com	Vietnam Academy for Ethnic Minorities Dream Town Urban Area, Road 70, Tay Mo ward, Nam Tu Liem district, Hanoi, Vietnam.
Le Van Dao	levandao96kt@gmail.com	Fulbright University Vietnam 105 Ton Dat Tien, District 7, Ho Chi Minh City, Vietnam
Nguyen Van Duc	nguyenvanduc.c20@gmail.com	Ha Tay Teacher Training College Thuong Tin town, Thuong Tin district, Hanoi, Vietnam

Summary:

The study provides empirical evidence on the linkage between economic development and Vietnam’s higher education efficiency during the 2013-2016 period. The Färe-Primont index decomposes Vietnam’s higher education system’s total factor productivity (TFP) into several components, combined with the Statistical Yearbook data, the results show that the economic indicators of Vietnam (i.e., gross domestic product, private enterprise development, industrial development index, and foreign direct investment [FDI] flow) do not improve in tandem with higher education performance. This result implies a lack of synchronization in the two pillars: the economy and higher education in Vietnam. Therefore, in the coming years, effectively building and developing mechanisms to connect universities with the (labor) market, and at the same time constructing a synchronous educational information sharing project is the main task for policy-making

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Keywords:

Total factor productivity (TFP)

higher education

economic development

Vietnam

Färe-Primont index

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Journal:

No. 3, March 2022

VIETNAM JOURNAL OF EDUCATIONAL SCIENCES

THE VIETNAM NATIONAL INSTITUTE OF EDUCATIONAL SCIENCES

MARKET LINKAGES IN THE DEVELOPMENT OF VIETNAM’S HIGHER EDUCATION SYSTEM: EMPIRICAL EVIDENCE IN THE 2013 - 2016 PERIOD