This article attempts to examine the factors that affect the mechanism of mobilizing and utilizing financial resources in building new countryside in Vietnam. Based on the primary data gathered from 480 inhabitants, managers and enterprises in Nghe An province and through exploratory factor analysis (EFA) and linear regression, the findings show that viewpoint, orientations and objectives of socio-economic development are the most influential factors to the mechanism of the mobilization and utilization of financial resources for new countryside building, followed by structural organization and technical facilities, participating individual’s perception, socio-economic environment and, lastly, specific characteristics of building new countryside.