Most CEOs in Vietnam are over 50, study says

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Participants at the Vietnam CEO Forum 2014. Photo credit: Business Style Participants at the Vietnam CEO Forum 2014. Photo credit: Business Style
Chief executive officers in Vietnam are most likely to be above 50 even though many young people now achieve success early in their careers, a new study has found. 
Those aged 51 upwards accounted for 57.6 percent of the total number of CEOs at Vietnam's largest companies last year while only 8.6 percent were 40 or younger, according to data from the latest VNR500 report. 
More than two thirds of CEOs under the age of 40 were from the private sector. 
The report said many young people are very successful these days, particularly in arts and information technology.
However, only a few can hold the position of CEO at large enterprises, said the report.
Private enterprises contributed 11.1 percent to Vietnam's economy in 2012, a little increase from 8.5 percent in 2002, according to the General Statistics Office.
VNR500 is based on the model of Fortune 500. The annual report, released by Vietnam Report JSC and online newspaper VietNamNet, ranks 500 largest enterprises in the country in terms of gross revenue. 
 

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