This paper presents a comprehensive literature review on University-Industry Collaboration (UIC) in Vietnam, marking the first systematic examination of practice-based studies within the country. Our review aims to identify key forms and factors influencing UIC implementation in Vietnam, recommending future directions and highlighting key facilitators. Following the PRISMA 2009 guidelines, we identified 256 research papers across four databases (Web of Science, ERIC, ProQuest, and Google Scholar), ultimately selecting 25 papers after applying inclusion and exclusion criteria and conducting duplicate removal. Thematic and inductive qualitative content analysis methods were employed to address the review question, revealing observed forms of UIC in Vietnam, including sponsorship, internships, licensing, knowledge transfer, and cooperative recruitment. Influencing factors encompass 10 elements. Our review identifies deficiencies in UIC implementation and suggests potential areas for future development. These findings pave the way for exploring innovative UIC strategies amidst industrialization and globalization.