University administration is one of the issues that requires innovation to meet the demands of education, training, and supply of high-quality human resources in the era of Industry 4.0. This topic has gained much attention and discussion from many educational managers. This article aims to explore university administration models in countries around the world and the current state of university administration models in Vietnam. From this analysis, the article proposes some suggestions for university administration models for universities in Vietnam, with the hope of contributing to the improvement of the quality of higher education to meet the requirements of the new era.