Around 1 per cent of Vietnamese Chief Executive Officers (CEOs) are university graduates, according to survey by the General Statistic Office announced at a seminar in Ho Chi Minh City November 11.
Of the interviewed 10,000 local CEOs, the rate of CEOs college diplomas, or high school degrees, are 2.37 per cent and 3.3 per cent, respectively, the survey showed.
The majority of CEOs graduated from secondary schools lower, reported the survey at the Flat World seminar.
Up to 500 representatives from businesses and local government, who took part in the event co-held by local Laborers newspaper and the Ho Chi Minh City University of Economics said Vietnamese CEOs are still weak in business management and reading financial reports.
The government should pay more attention to training CEOs to meet an increasing demand for graduate CEOs, they said.
The Vietnam Association of Corporate Directors (VACD), a club for CEOs, made its debut in Hanoi October 22, marking a big step in the development of the country’s business administration.
The 200-member association will focus on the building of business administration standards and carry out training, counseling and exchange activities to offer members with professional business knowledge.
The association expects to attract 350-400 participants by the end of next year.
Vietnam needs around 500,000 CEOs in the coming years, said Vu Thi Hang, vice head of the Vietnam Chamber of Commerce and Industry, or VCCI, in Ho Chi Minh City. (Thanh Nien Daily, Youth)
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