The Vietnam Board Diversity Report is developed by the Vietnam Institute of Directors (VIOD) to provide a comprehensive and systematic overview of board diversity practices among listed companies in Vietnam.
The Report analyses 481 listed companies in the VNX Allshare Index as of 30 April 2025, covering the full spectrum of market capitalization segments: 50 large-cap companies, 150 mid-cap companies, and 281 small-cap companies. This segmentation enables meaningful comparison and trend identification across companies with varying levels of resources and exposure to governance standards.
Board diversity is assessed across six distinct dimensions. Data used in this Report was collected from publicly available sources, including annual reports, corporate websites, director biographies, and relevant secondary research. All data has been reviewed, standardized, and updated, with an effective date of 30 September 2025.
The Report is designed as a reference document to support companies, investors, and other stakeholders in understanding the current state of board diversity in Vietnam’s listed market, and in identifying emerging trends and capability gaps. As such, it does not reflect – nor is it intended to predict – the operational performance or governance compliance of any individual company.
VIOD emphasizes that board diversity does not, in itself, equate to good corporate governance. Diversity of perspective and experience can enhance the quality of deliberation and decision-making; however, effective governance is an ongoing process, shaped by operating mechanisms, boardroom culture, and the quality of execution within a company’s broader governance system.
This Report is structured around four main sections:
Section 1: Report Overview
Section 2: Board Diversity in a Shifting Landscape
Section 3: Board Diversity in Vietnam’s Listed Companies – 2025
Section 4: Gaps in Board Diversity and a Recommended Roadmap for Action
We extend our sincere appreciation to the experts, researchers, and organizations who contributed their insights throughout the development of this Report. It is our hope that this publication will serve as a meaningful reference – one that supports Vietnamese listed companies in building boards that are not only more diverse, but more capable, more independent, and more ready to lead.
