This paper assesses the importance of Southeast Asia in the imagining of "global universities," a category dominated by schools in the West like Harvard and Oxford. While there is growing interest in global universities, Southeast Asia remains neglected. Scholars have already discussed how the rise of China has changed international rankings, producing new colleges that can rival Euro-American ones and those in Japan or South Korea. Missing from this scholarly conversation is whether Southeast Asia will produce a top-ranking global university beyond Chinese-majority Singapore. Dissecting the annual list of Global Universities by US News, QS, and other sources, I seek to understand how certain developing countries are located or made invisible with the global universities framework, and whether countries like Vietnam, Malaysia, and/or Thailand will produce a top-100 higher ed institution someday. It will explore, for example, the recently established Fulbright University in Saigon, describing what local schools are doing to become "world-class." As a critical piece, the paper also problematizes the natural centering of superpowers without considering the socio-historical factors that severely hamper educational progress in low-income nations in the Global South. It asks what the global university means under an existing North-South and West-East divide. It is my hope to share with Asian Studies specialists my important findings and why we need to pay attention to critical university studies within global political economy.