The Effects of the Self-financing Application at the International University Vietnam National University- Ho Chi Minh City

Abstract

International University, Vietnam National University – Ho Chi Minh City, established in 2003, is a young institution, however, comes with great responsibility to develop a breakthrough university model and offer high quality education among the existing members of Vietnam National University –HCMC. Facing such challenges, IU authorities have identified: "People are the important factors in the development of a unit." In order to create a good environment to attract lectures and staff members to IU as well as for them to develop their careers, International University has took the initiative to ask for VNU-HCMC’s permission to be of financial autonomy under Decree 43/2006/ND-CP. After 8 years of implementation, IU has achieved certain success not only in the development of a strong and solid team of faculty members and staffs but also in fostering a positive working condition and continuous facility advancement. My paper will elaborate how the self-financing model has been applied at IU and also highlights achievements that IU has gained over the period.