Effective industry-university linkages face various challenges including lack of an adequate management and governance structure and framework between the universities, industries and other stakeholders. This paper addresses the self-assessment of the current University-Industry (UI) Linkages including MTU and CTU, and the results from the survey of UI Linkages - Industry points of view under Vietnam context. The results show the current state of UI links at MTU and CTU in terms of Education, Research, Valorisation and Management; and suggestions for enhancing this linkage in the context of Industry 4.0 based on self-assessment. Under Industry’s points of view, in general, Education and Research are the primary areas that university and companies/industries have cooperated recently, of which mobility of students is the most prevalent. The university and industry also cooperate in the areas of valorisation such as commercialisation of R&D results and student entrepreneurship, and in the area of Management such as providing scholarships from company or alumni, but at a low level.