Development of Enterprises in Universities and Policy Implications for University Governance Reform in Vietnam

The article focuses on analyzing the content and relationship between the development of enterprises, enterprise-university models and governance in higher education institutions, thereby providing policy recommendations on innovation in university governance in Vietnam. In the article, documents from internationally published researches as well as arguments on the mentioned subjects are analyzed and synthesized. Results of surveys and analysis on the status of universities in Vietnam that are presented in the article also demonstrate a detailed picture of difficulties and issues in enterprise development and transition into enterprise-university model. On this basis, the article provides recommendations for universities and on the issues that require government’s intervention through supportive policies and mechanisms to accelerate the process of university governance reform in the current period of 4.0 revolution in university education. 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