Solutions to Improve Financial Management Efficiency for Public Colleges
Author Details: Xuan Cuong Hoang, PhD Student
University of Economics and Business – Vietnam National University, Hanoi
University of Economics and Business – Vietnam National University, Hanoi
Abstract:
The financial management mechanism for public non-business units is understood as a mechanism whereby public administrative units are empowered to decide and be responsible for their own revenues and expenditures, but not exceeding the frame rate prescribed by the State. In Vietnam, the financial management still has many shortcomings that have not met the development goals. Therefore, this article offers perspectives and solutions to help improve the efficiency of financial management at public non-business units in general and at public universities and colleges in particular.
The financial management mechanism for public non-business units is understood as a mechanism whereby public administrative units are empowered to decide and be responsible for their own revenues and expenditures, but not exceeding the frame rate prescribed by the State. In Vietnam, the financial management still has many shortcomings that have not met the development goals. Therefore, this article offers perspectives and solutions to help improve the efficiency of financial management at public non-business units in general and at public universities and colleges in particular.
Keywords: Financial management, public universities