Vietnam has the highest rate of female directors in the region.

December 15, 2017 08:51

A recent report by Boston Consulting Group shows that Vietnam has a higher proportion of women on boards of directors and as CEOs than many other Southeast Asian countries.

About 25 percent of CEOs or board members in Vietnam are women, according to a September report by the Boston Consulting Group. That compares with just 14 percent in Malaysia and 10 percent in Singapore. Indonesia is at the bottom of the four, with 6 percent.

"Women in Vietnam lead or own many small and medium-sized enterprises, as well as large enterprises. This is a positive example for other women to follow," commented Ian Grundy at the world's largest temporary staffing firm - Adecco Group.

Việt Nam có tỷ lệ nữ CEO cao hàng đầu khu vực.
Vietnam has the highest rate of female CEOs in the region.

BCG’s report also found that more women in Vietnam (compared to Singapore or Malaysia) expect to be promoted. Meanwhile, Malaysia has the highest proportion of women who expect not to be promoted.

The report also found beliefs that hold back gender equality in businesses, such as promoting women means sacrificing talent, or that businesses should prioritize company development.

According to another report by Deloitte in June, in Vietnam, 17.6% of board members in surveyed companies are women. This figure is double the average in Asia - 7.8%. Developed economies such as Taiwan (China), Japan and South Korea ranked last in the region. Meanwhile, the ratio in Malaysia and Singapore was 13.7% and 10.7%, respectively.

Thế hệ nữ doanh nhân mới của Việt Nam đã xuất hiện, hứa hẹn sẽ tạo nên nhiều kỳ tích mới.
A new generation of Vietnamese female entrepreneurs has emerged, promising to create many new miracles.

In Asia, emerging countries have higher proportions of women on corporate boards than developed countries, Grundy said. Vietnam’s success in this process is partly due to measures taken by the government and businesses to retain and develop female talent.

“However, globally, Southeast Asia still lags behind Europe and North America in this regard. The world as a whole is not yet at the optimal level of gender diversity in business. This means that all stakeholders will have to work harder,” Grundy said.

"However, globally, Southeast Asia still lags behind Europe and North America in this regard. The world as a whole is not yet at the optimal level of gender diversity in business. This means that all stakeholders will have to work harder," Grundy said.

According to VNE

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Vietnam has the highest rate of female directors in the region.
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