Vietnam’s CEOs and Their Paychecks: Kinh Bac City CEO is the Highest-Paid Executive

Last year, CEOs of publicly listed companies in Vietnam took home an average of approximately $100,700, with leaders in the property and financial services sectors topping the pay scale. According to a study conducted by financial data firms FiinGroup and FiinRatings, Nguyen Thi Thu Huong, CEO of industrial property developer Kinh Bac City, emerged as the highest-paid executive, earning an impressive $690,000.

The study highlighted that the 15 highest-earning CEOs made between $220,000 and $690,000. Executives in the real estate industry led the way with an average annual income of $200,000. They were closely followed by their counterparts in financial services — particularly those in stock brokerages — along with leaders in the insurance, healthcare, and consumer goods sectors.

The report also noted that CEOs of companies with a market capitalization of around $1009487,5 or more had an average income 52% higher than the overall average. Meanwhile, CEOs of privately-owned firms earned twice as much as those managing state-owned enterprises.

The analysis covered 200 publicly listed companies that collectively represented nearly 86% of the market capitalization across Vietnam’s three stock exchanges as of the end of 2023. It considered various forms of income, including salaries, bonuses, and allowances, but did not include stock options (ESOP), reward shares, or other additional benefits.

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