This study aims to examine the factors affecting public investment results in educational institutions in Vietnam. The study uses exploratory factor analysis (EFA) as well as regression estimate to determine the factors. The results show that factors affecting public investment results include public investment management, human resources to carry out public investment activities and to organize public investment, economic conditions, legal policies and natural conditions. These factors have different levels of influence on the results of public investment in educational institutions in Vietnam. From the results of that study, the authors propose recommendations to enhance the results of public investment activities at educational institutions in Vietnam.