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About Vingroup 32 Vingroup Profile Sustainable 162 Vingroup’S Vision for Sustainability

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About Vingroup 32 Vingroup Profile Sustainable 162 Vingroup’S Vision for Sustainability Vingroup is committed to promoting the application of technology in all of its business sectors. Technology is the key to unleash the potential capabilities of the entire system. We must constantly be creative, cooperate, connect knowledge, and engage in the global sharing of the best technologies to achieve real breakthroughs in the application of technology for human life. To achieve these goals, it is essential to change our way of thinking, employ creative approaches to problem-solving and dare to challenge accepted norms. We as pathfinders must keep our spirit strong to go beyond all boundaries. Vingroup’s success in technology transformation will not only benefit us, but also Vietnam’s development. Vingroup sets out to deliver products and services of lasting value to create a better life for everyone. Mr. Pham Nhat Vuong CHAIRMAN OF THE BOARD OF DIRECTORS Contents CHAPTER 1 CHAPTER 4 Vingroup 2020 and 8 Vision, Mission and Core Values Corporate Governance 132 Vingroup Governance Structure Message from the CEO 12 2020 at a Glance 136 Report of the Board of Directors 14 2020 Achievements 141 Report of the Supervisory Board 18 2020 Awards and Accolades 143 Governance Report 22 Message from the CEO 145 Internal Auditing Report 26 2016 – 2020 Financial and Operational Highlights 146 Risk Management 152 Share Price Information and Investor Relations CHAPTER 2 CHAPTER 5 About Vingroup 32 Vingroup Profile Sustainable 162 Vingroup’s Vision for Sustainability 36 Development Milestones Development 164 Sustainability by the Numbers 40 Key Business Areas 166 2020 Highlights 62 Corporate Structure 170 Report of Management and Assessment of Sustainable Development Goals 64 Board of Directors 188 Sustainable Development Strategy 66 Management 192 Transparency Policy 68 Supervisory Board 69 Business Strategy CHAPTER 3 CHAPTER 6 Management Report 78 Macro-Economic Overview in 2020 and Outlook for 2021 Consolidated 208 General Information on 2020 Business 84 Vingroup Operations and Financial Performance in 2020 Financial Statements 210 Report of Management Performance and Blueprint for 2021 211 Independent Auditors’ Report 2021 Plan of Action 126 212 Consolidated Balance Sheet 216 Consolidated Income Statement 217 Consolidated Cash Flow Statement 219 Notes to the Consolidated Financial Statements 288 Appendix 1 – The Group Structure as at 31 December 2020 ANNUAL REPORT 2020 CHAPTER 1 Vingroup 2020 and Message from the CEO 8 Vision, Mission and Core Values 12 2020 at a Glance 14 2020 Achievements 18 2020 Awards and Accolades 22 Message from the CEO 26 2016 – 2020 Financial and Operational Highlights VinFast President Vision, Mission, and Core Values With the aspiration to be a pioneer and will continue to innovate in building an Vision the capability to deploy sustainable ecosystem of high-quality products Core values investment and development strategies, and services aimed at improving the Vingroup aims to become the leading lives of customers and enhancing the CREDIBILITY regional Technology – Industrials – international reputation of Vietnamese Services business group. The Group brands. Vingroup vigorously protects its Credibility as one would protect his honor, continuously strengthening its deployment readiness and execution competences; and Mission To create spares no effort in delivering its COMPASSION INTEGRITY a better life for people commitments. Vingroup nurtures its relationships Integrity lays the foundation with Compassion, treasuring human Embracing discipline for Vingroup where we strictly capital as its most valuable asset and and professionalism, respect and comply with the laws harmonizing all the stakeholders’ Vingroup strives to uphold and ethical standards, putting the interests of our customers first. benefits on the basis of fairness, six core values integrity and solidarity. QUALITY CREATIVITY Vingroup’s commitment to high Vingroup sees Creativity as its quality in its operations is expressed vitalizing catalyst for growth, as: “Best in People, Best in Products embracing the entrepreneurial and Services, Best in Quality of Life, spirit to build an enterprise of and delivering the Best in Society". constant learning. SPEED Vingroup values Speed and Efficiency as the principles of its Decision- making – “Fast To Decide, Fast To Invest, Fast To Deploy, Fast To Sell, Fast To Change, and Fast To Adapt”. 8 Chapter 1 • Vingroup 2020 and Message from the CEO Vingroup Joint Stock Company 9 2020 Message Shaping a Technology- Driven Future Vingroup defines science and engage in the global sharing of the technology as the prerequisites in all best technologies to bring about management and business activities, substantive breakthroughs in R&D in order to bring breakthrough and optimize technological solutions. developments to the Group. We The ultimate goal of our efforts is to have embarked on a profound create products and services that offer transformation, and will constantly superior quality, creating a better life for cooperate, connect knowledge and generations. Slogan Preserving the Startup Mindset The entrepreneurial mindset has been and created opportunities through the foundation of Vingroup throughout cooperation. These practices have its long history. Vingroup has guided the company’s growth and continuously listened to its customers, success. cultivated creativity, embraced change, Vingroup’s corporate logo portrays a one of our core values. Red and yellow Logo bird flying toward the sun, symbolizing are the colors of Vietnam’s national flag, our determination to reach higher and expressing our pride in the Vietnamese higher levels of success. The V-shape of identity, spirit and intellect. the bird’s wings represents Vietnam and our national pride. It is also a symbol of Victory and a focus on “5-star” quality, 10 Chapter 01 • Vingroup 2020 and message from the CEO VinSmart manufacturing complex (Hoa Lac - Hanoi) Vingroup Joint Stock Company 11 2020 at a Glance 110.5 4.5 366 4 4.1 11 55 54.1 80 VND trillion VND trillion VND trillion thousand million thousand thousand NET REVENUE PROFIT AFTER TAX MARKET CAPITALIZATION EMPLOYEES VINID MEMBERS VINSHOP STORES APARTMENTS, VILLAS, RETAIL MALLS SHOPHOUSES AND NATIONWIDE BEACH VILLAS DELIVERED 31.5 45.4 2.0 2.2 638 31.6 thousand thousand million million thousand thousand CARS SOLD E-SCOOTERS SOLD SMARTPHONES SOLD GUEST NIGHTS SOLD PATIENTS SERVED VINSCHOOL STUDENTS AT VINPEARL AT VINMEC HOSPITALS AND CLINICS 12 Chapter 1 • Vingroup 2020 and Message from the CEO Vinhomes Ocean Park (Hanoi) Vingroup Joint Stock Company 13 2020 Achievements In January 2021, VinFast introduced three In July 2020, VinSmart announced the In April 2020, the VinAI Research On 14 June 2020, VinBrain launched DrAidTM 1 3 5 7 new smart electric car models: VF31 (now VF successful development of the Vsmart Institute announced a breakthrough in after only one year of development. This VinFast e34) is a C-segment mid-size SUV with only VinSmart Aris 5G smartphone, becoming the first VinAI Announced facial recognition with high accuracy Vinbrain AI-power product can detect 19 most Strengthened one electric version, while VF 32 (now VF35) Releases a 5G Vietnamese company to manufacture Breakthrough and stability when wearing a facemask, Launched common chest X-ray abnormalities and Its Vision to is a D-segment premium mid-size SUV and Smartphone a 5G smartphone in collaboration Research and became an industry leader in this DraidTM – diseases related to Heart – Lung – Bones Become a VF33 (now VF36) is an E-segment premium with Qualcomm. This achievement on Facial new technology. Of note, VinAI’s facial Vietnam’s First with an average F1 score of 88% within Global Leader in full-size SUV with two versions, one electric demonstrates Vingroup’s design and Regconition recognition technology uses data from AI Medical five seconds, and automatically generates Smart Electric and one internal combustion engine (ICE). manufacturing capabilities and the Technology standard camera without additional Doctor Assistant a medical report according to the Vehicles company’s ability to deliver world- when Wearing sensors. This achievement lowers Application international JCI standard with the precise This is an important milestone that class technology products to the a Facemask production costs and integrates easily location and size of abnormal areas. affirms VinFast’s vision to become a global Vietnamese people. into existing systems. intelligent electric mobility company and DrAidTM is trained on a self-curated enhance Vietnam’s position in the global dataset of 1.3 million chest X-ray images auto industry. The vehicle models are with 270 thousand labelled images integrated with an array of smart features and the world second largest Covid-19 including infotainment and advanced dataset consisting of 7,490 images of driver assistance system (ADAS), which Covid-19 patients. DrAidTM can detect and are jointly developed by VinFast and its alert Covid-19 even asymptomatic cases global partners as well as Vingroup’s with a sensitivity of 95%, a specificity technology companies and institutes. of 99% and an F1 score of 94%. VinBrain donated DrAidTM Covid-19 application and accompanying equipment to the Ministry of Health to support the diagnosis and Three Vinhomes mega projects, The Vingroup Big Data Institute prognosis of Covid-19 treatment. VinBrain 4 6 Vinhomes Ocean Park and Vinhomes announced in December 2020 its also received an order to develop AI VinSmart Smart City in Hanoi and Vinhomes VinBigdata partnership
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