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Listed companies in Vietnam better with female CEO: Survey
7.5% of the companies listed on Vietnam’s bourses have female Chief Executive Officers (CEO), while 18.3% of the total market capitalisation value of listed companies in Vietnam belongs to these companies, according to Mekong Capital, an investment management company.
Mekong Capital on February 9 released the results of a survey on the operations of listed companies in Vietnam based on the sex of their CEOs: Interestingly enough, many businesses with female CEOs prove to operate very well.
The survey, conducted from January 2, 2007 to January 16, 2009, showed that companies with female CEOs had the average annual return to shareholders at minus 17.1% (the minus figure reflects business results in the last two difficult years, especially in 2008). Meanwhile, companies with male CEOs brought the average annual return to their shareholders of minus 38.8%. The average annual return of the market in the period was minus 34.9%.
The figures about the average annual return were released after analysts considered the latest figures about the market’s capitalisation value.
7.5% of the companies listed on Vietnam’s bourses have female CEO, while 18.3% of the total capitalisation value of listed companies in Vietnam is accounted for by these companies.
Chris Freund, Managing Director of Mekong Capital, said that though the period of the survey was too short to draw conclusive conclusions about the long-term operations of companies, the result of the survey proves to coincide with the Mekong Capital viewpoint it spoke out in mid 1990, namely that many of the best companies in Vietnam are being managed by female CEOs.
Mr Freund said that one of the best companies in its investment portfolio is Phu Nhuan Jewellery Company PNJ, which has been very successful in retailing gold, silver and gem stones in Vietnam. PNJ is being managed by Ngoc Dung, General Director and Chairwoman.
It is expected that PNJ will list on the stock market in March 2009.
VietNamNet, TBKTVN
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