FACTORS AFFECTING FINANCIAL AUTONOMY OF PUBLIC COLLEGES UNDER THE MINISTRY OF AGRICULTURE AND RURAL DEVELOPMENT IN VIETNAM CÁC YẾU TỐ ẢNH HƯỞNG ĐẾN TỰ CHỦ TÀI CHÍNH CỦA CÁC TRƯỜNG CAO ĐẲNG CÔNG LẬP THUỘC BỘ NÔNG NGHIỆP VÀ PHÁT TRIỂN NÔNG THÔN TẠI VIỆT NAM

Abstract

The According to the regulations of the Ministry of Labour, War Invalids and Social Affairs in Vietnam, from 2021, public colleges will be able to exercise their autonomy in finance and property according to regulations on the financial autonomy mechanism of their public service units. Therefore, financial autonomy is essential for public colleges under the Ministry of Agriculture and Rural Development. This study focuses on the factors affecting the performance of the financial autonomy of public colleges under the Ministry of Agriculture and Rural Development. It uses the AMOS-SEM estimation method to assess the impact of these factors on the financial autonomy of public colleges under the Ministry of Agriculture and Rural Development. The number of survey samples is 300 officials and teachers at 28 public colleges under the Ministry of Agriculture and Rural Development in Vietnam. The result shows that state policies and laws, the management capacity of the college, development strategy, teaching staff, facilities, and scientific research activities are factors that have a positive impact on financial autonomy. The study’s findings have implications for policymakers and public colleges to have appropriate strategies and plans to implement financial autonomy in the coming time.