The aim of this research was to investigate faculty members' perceptions of their students' leadership capacity and evaluate the correlation between students' university experiences with their leadership capacity. A questionnaire survey was disseminated to 266 faculty members from five of the member universities of Vietnam National University Ho Chi Minh City, Vietnam. The empirical results indicated that most faculty members held moderate fairly high opinion of their students' leadership capacity, and that the personal attributes of faculty members and the experience gained by students while attending university both had a statistically significant impact on students' leadership capacity. The findings of this study carry both theoretical and practical implications for Vietnamese higher education. The suggestions inferred for university administrators and policymakers are also discussed.