Chapter Collaboration between universities and businesses in Vietnam Loc Thi My Nguyen VNU University of Education – Vietnam National University, Hanoi, Vietnam Nam Danh Nguyen Thai Nguyen University, Tan Thinh Ward, Thai Nguyen City, Vietnam Cuong Huu Nguyen Department of Quality Assurance, Van Lang University, Ho Chi Minh City, Vietnam Education Research Group, Van Lang University, Ho Chi Minh City, Vietnam Abstract The chapter book presents the results of evaluating the current situation of collaboration between universities and businesses in Vietnam and analyzes the factors that affecting the establishment of the relationship and the level of collaboration between universities and businesses Research results show that this level of collaboration has an impact on the quality of trained human resources of universities, in which the products of many higher education institutions not meet the requirements of the market labor As a result, the chapter also presents opportunities to expand forms of collaboration in a new context, improving university work strategies to work more closely with industry The chapter book also proposes policies to promote university-business collaboration, focusing on motivation, building a culture of collaboration, building trust about collaboration, and improving institutions' mechanisms, policies, and strategies for sustainable development of this partnership Finally, the chapter presents some challenges for Vietnam's higher education in the context of the Industrial Revolution 4.0 Keywords university-business collaboration, university-business partnership, higher education institution, industry, industrial revolution 4.0, Vietnam ... factors that affecting the establishment of the relationship and the level of collaboration between universities and businesses Research results show that this level of collaboration has an impact... Chi Minh City, Vietnam Abstract The chapter book presents the results of evaluating the current situation of collaboration between universities and businesses in Vietnam and analyzes the factors... on the quality of trained human resources of universities, in which the products of many higher education institutions not meet the requirements of the market labor As a result, the chapter also