The quality of human resources, especially high-quality human resources, plays a decisive role in the socio-economic development of each country. In the context of an open economy, the construction and development of high-quality human resources to meet the requirements of industrialization, modernization of the country and international integration is increasingly urgent.
With a population of over 100 million and a young population structure, Vietnam has many advantages to develop the education sector, especially the non-public education sector. Domestic investors are also actively investing in private education, upgrading infrastructure, providing modern equipment that meets international standards, and innovating training methods that are closely linked to social needs...
Expanded training scale
Among them, Phenikaa University is notable for its transformation from a private university with 5 training majors to 55 training majors/programs after 17 years since its establishment.
Specifically, Phenikaa University was established in 2007 with the predecessor being Thanh Tay University with an area of 14.2 hectares in 2 communes of Yen Nghia and Duong Noi (now Yen Nghia and Duong Noi wards of Ha Dong district, Hanoi). When it was first established, Thanh Tay University had 5 main training majors: Business Administration, Biology, Forestry, Computer Science and English.
Phenikaa University was established in 2007, formerly Thanh Tay University, with an area of 14.2 hectares.
By 2017, Thanh Tay University was invested by the Phoenix Green A&A Group (Phenikaa) of tycoon Ho Xuan Nang. After receiving investment capital, Thanh Tay University was renamed Phenikaa University, opening many new training faculties.
In 2018, Phenikaa officially established two new research institutes, the Phenikaa Advanced Research Institute and the Nano Research Institute. In November 2019, Phenikaa Group officially launched Phenikaa University and the Phenikaa Innovation Fund with a scale of 1,000 billion VND.
Currently, Phenikaa University's training program includes 3 research institutes, 5 blocks with 25 majors, meeting the enrollment needs of more than 10,000 targets each year.
Regarding the opportunity with the education industry, people often say that this is the cherished dream of Phenikaa owner Ho Xuan Nang. Because Mr. Nang has a PhD in scientific research at Hanoi University of Science and Technology in 1991. Perhaps that is why the Chairman of Phenikaa Group has always been concerned with the dream of doing science and education.
Mr. Ho Xuan Nang - Chairman of Phenikaa University Council.
Therefore, after investing in Phenikaa University - a school operating in the direction of vocational training - it has been reoriented and developed with the goal of becoming an international standard research university.
Accordingly, Phenikaa University aims to become a multidisciplinary university, excellent in training, research and career guidance with the goal of entering the Top 100 best universities in Asia within 20 years.
Talking about Phenikaa’s long-term vision, Mr. Ho Xuan Nang shared with the press that when investing in universities, it is important to determine what you want in the future. According to Mr. Nang, creating a university of stature is another matter, requiring huge resources.
Revenue of hundreds of billions still owes social insurance
As one of the private universities with a diverse training system in the North, Phenikaa's total revenue for the 2022-2023 school year reached 187.6 billion VND, an increase of 71% compared to the previous school year. Of which, revenue from tuition fees was 177.4 billion VND, revenue from scientific research and technology transfer was 1.6 billion VND and more than 8.5 billion VND from other legal sources.
According to information on the school's website, Mr. Ho Xuan Nang - Chairman of the Board of Phenikaa University affirmed that Phenikaa is a non-profit school. Phenikaa Group is the comprehensive sponsor in all aspects of the restructuring process, including investment in facilities, research equipment, training, practice... until the school can be fully autonomous and has a strong enough board of trustees to effectively direct the school's operations. All revenue from operating profits and sponsorships will be reused to invest and develop the school.
In 2023, Phenikaa Group recorded a profit of 611 billion VND, down 39% over the same period last year.
In March 2024, Phenikaa University was on the list of social insurance debtors with the amount of overdue payment until the end of February 2024 being nearly 3 billion VND.
When mentioning Phenikaa University, we cannot help but mention Phenikaa Group - a multi-industry corporation with more than 30 member units. The ecosystem under the hands of Mr. Ho Xuan Nang operates mainly in the fields of industry, technology, healthcare, and education. Of which, the most prominent is Vicostone Joint Stock Company (HNX: VCS) - owner of the Vicostone quartz stone brand.
Source: https://www.nguoiduatin.vn/giac-mo-giao-duc-dai-hoc-cua-ong-ho-xuan-nang-204240716172447785.htm
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