Vingroup Corporate Profile (ENG).Pdf
Total Page:16
File Type:pdf, Size:1020Kb
TABLE OF CONTENTS Introduction Sustainable Development INTRODUCTION 06 VISION FOR SUSTAINABILITY 58 VISION, MISSION, CORE VALUES 07 GOVERNANCE 59 “PRESERVING THE STARTUP MINDSET” CORPORATE MILESTONES 10 SOCIAL RESPONSIBILITY 60 THE VINGROUP ECOSYSTEM 12 ENVIRONMENTAL PROTECTION 68 NETWORK AND FINANCIAL HIGHLIGHTS 13 HUMAN CAPITAL DEVELOPMENT 69 VINGROUP WORKPLACE CULTURE 70 AND VALUES Businesses General Information 1. PROPERTY 16 CORPORATE STRUCTURE 74 2. HOSPITALITY AND ENTERTAINMENT 32 MANAGEMENT 76 3. CONSUMER RETAIL 44 AWARDS 78 4. INDUSTRIALS 48 NETWORK 80 5. HEALTHCARE 50 6. EDUCATION 52 7. AGRICULTURE 54 8. TECHNOLOGY 55 * Data as of September 30, 2018 Introduction INTRODUCTION 06 WWW.VINGROUP.NET VISION, MISSION, CORE VALUES 07 CORPORATE MILESTONES 10 01 THE VINGROUP ECOSYSTEM 12 NETWORK AND FINANCIAL HIGHLIGHTS 13 VINHOMES CENTRAL PARK *Image for reference only CHAPTER 1 – INTRODUCTION CHAPTER 1 – INTRODUCTION VISION “With the goal of market leadership and sustainable Introduction development, Vingroup aims to become one of the most respected companies not only in Vietnam but also in the region. We will achieve this goal by improving production quality and service levels, by improving the quality of life for the Vietnamese people, and by raising the reputation of the nation in the world.” VINGROUP JOINT STOCK In its early days, Vingroup focused on COMPANY* developing hospitality, commercial, and residential properties under the Vinpearl and Vincom brands. Today, we operate in Is the largest enterprise in eight major business segments: Vietnam by market value. • Property • Hospitality and Entertainment • Consumer Retail • Industrials • Healthcare • Education • Agriculture • Technology *referred to as “Vingroup” or “The Group” MISSION Customers Employees “To create a better life for the Vingroup will provide products and services Vingroup will maintain a dynamic, creative, Vietnamese people” that meet international standards while and professional work environment that reflecting the customs and cultural values enables employees to achieve their of Vietnam. Products and services must maximum potential. anticipate changes and lead trends. Shareholders and Business Partners Vietnamese Society The Group will uphold a spirit of The Group will demonstrate its corporate cooperation, mutual development and social responsibility by harmonizing its respect for partners by focusing on the corporate goals with the values of the creation of long-term sustainable value. communities in which it does business. 6 VINGROUP CORPORATE PROFILE VINGROUP CORPORATE PROFILE 7 CHAPTER 1 – INTRODUCTION CHAPTER 1 – INTRODUCTION CORE VALUES Vingroup strives to uphold six core values: CREDIBILITY, INTEGRITY, CREATIVITY, SPEED, QUALITY, and HUMANITY. These values are described below. CREDIBILITY INTEGRITY CREATIVITY SPEED QUALITY HUMANITY Vingroup vigorously protects its As a foundation of our Group, Integrity Vingroup’s management believes that The Group considers Speed of The place of Quality in Vingroup’s The Group respects the interests Credibility as one would protect one’s demands that we remain in full Creativity is what enables The execution and efficiency in operations operations is expressed as “Best of all its stakeholders. Vingroup will honor. The Group is fully prepared to compliance with all applicable laws Group to deliver on its philosophy, which to be critical to our success. Among in People, Best in Products and continue to promote harmony among execute its plans and spares no effort and ethical standards. It follows that is expressed as, “Dare To Think, Dare the practices that follow our emphasis Services, Best in Quality of Life, Best in the interests of all stakeholders by in meeting its goals. we must always put the interests of To Do.” This philosophy encourages all on speed are, “Fast To Decide, Fast Commitment to Society” in all of our emphasizing fairness, integrity, unity, customers first. employees to learn new skills. To Invest, Fast To Deploy, Fast To Sell, products and services. and strength. Fast To Change, and Fast To Adapt.” 8 VINGROUP CORPORATE PROFILE VINGROUP CORPORATE PROFILE 9 CHAPTER 1 – INTRODUCTION CHAPTER 1 – INTRODUCTION 2013 2015 2017 Corporate • Vingroup achieved major • Vingroup introduced the VinCity • Vinschool was established and progress in its property business launched education offering mid-range affordable real estate Milestones segment by preselling 14,000 ranging from kindergarten brand apartments, villas, and 2006 through high school 2010 shophouses Vinpearl Land amusement • VinFast automobile and 2001 park opened, turning formerly Vincom Center Dong Khoi • A consortium led by Warburg motorcycles brand was announced arid Hon Tre Island into a opened in Ho Chi Minh City Pincus invested USD 200 million • By year-end, The Group and construction began at its operated 15 additional retail Vinpearl JSC (formerly Hon Tre luxury tourist destination, and in a strategic partnership with production site in September 2017 Tourism and Trading Limited symbolizing the rapid growth Vincom Retail. Warburg Pincus malls and three more hotels invested an additional USD Liability Company) was of tourism in Nha Trang • The Vincom Center for established on July 25, 2001 100 million in Vincom Retail in • During the year, Vingroup Contemporary Art (VCCA) and June 2015, raising the total launched new businesses and VinTaTa Animation Studio were investment to USD 300 million brands, including VinEco – introduced Hi-tech agriculture, and VinPro – • Vincom Mega Mall Royal City 2003 2008 Electronics and Appliance stores and Vincom Mega Mall Times • Vincom Retail was listed on the Ho Five-star resort Vinpearl Nha Vingroup became the first real City opened. Vincom Mega Chi Minh City Stock Exchange in • Vingroup also commenced Trang commenced operation, estate company in Vietnam Mall Royal City is the largest November 2017, as one of the ten below-ground shopping, operations at Vietnam’s first as the first Vinpearl-branded to be selected by Russell enterprises with the largest market five-star resort in Vietnam dining, and entertainment wildlife safari park with more Investments for the Russell capitalization in Vietnam at the time Global Index complex in Asia than 3,000 animals representing 150 rare species of its listing 2002 2004 2007 2009 2012 2014 2016 2018 Vincom JSC (formerly Vietnam Vincom Center Ba Trieu • Vinpearl cable car, with a Vincom became the first • Vincom JSC merged with • Vinhomes Central Park, a • The retail store network was • VinUni was established, General Commercial JSC) was launched. As the first modern total of 3,320 meters in length, Vietnamese company Vinpearl JSC. The Group began modern, luxurious urban area, expanded to 1,000 outlets marking Vingroup’s entrance into founded on May 3, 2002 retail mall in Hanoi, Vincom connected Hon Tre Island with to issue USD 100 million operating under the new name broke ground in Ho Chi Minh nationwide the higher education segment Center Ba Trieu introduced a the main land of convertible bonds on Vingroup Joint Stock Company City new shopping experience to the Singapore Exchange • Vingroup introduced the • VinFa established Vingroup’s the customers • Vincom listed its shares on (SGX) • Vingroup introduced the • VinMart and VinMart+ began Vingroup Loyalty Program presence in the pharmaceutical the Ho Chi Minh City Stock segment Exchange with ticker symbol VIC Vinmec brand and opened the operations Vinmec International Hospital in • Vingroup converted Vinmec Vinhomes Central Park Landmark Vinhomes Times City • Vinpearl Phu Quoc Resort and Vinschool into social • 81 was inaugurated with 81 floors opened after more than ten enterprises and committed to and a height of 461 meters, setting months of construction, reinvest 100% of profits the record for the tallest building setting a new record for generated from these two in Vietnam on-time completion businesses to meet social targets • Vinhomes was listed on the Ho Chi Minh City Stock Exchange as one of the three enterprises with the largest market capitalization in Vietnam at the time of listing • During 2018, Vingroup announced its entry into the fields of smart electronic devices and technology with the establishment of VinSmart and VinTech 10 VINGROUP CORPORATE PROFILE VINGROUP CORPORATE PROFILE 11 CHAPTER 1 – INTRODUCTION CHAPTER 1 – INTRODUCTION Property Network and VINHOMES VINCITY VINCOM VINOFFICE Premium integrated Mid-range and affordable “All-in-one” shopping, Premium offices Financial Highlights offerings of apartments, residential properties with entertainment, for lease villas and shophouses comprehensive facilities and dining malls Hospitality and entertainment Vingroup’s extensive network of business operations cover prime locations throughout Vietnam. VINPEARL VINPEARL LAND VINPEARL GOLF VINTATA Currently, Vingroup and its subsidiary companies Premium resorts High-end World-class Advanced animation operate in 62 of Vietnam’s cities and provinces. amusement parks golf courses studios Du lịch nghỉ dưỡng - Vui chơi giải trí Consumer retail Total assets and total equity THE VINGROUP Billion VND VINMART AND VINMART+ VINPRO ADAYROI CA 208 Supermarkets, Electronics and Comprehensive Ecosystem 249,005 minimarts and appliance stores e-commerce platform 213,792 183,476 convenience stores 145,554 Industrials 86,987 52,557 48,291 37,585 VINFAST VINSMART 2015 2016 2017 12018 Total assets Total equity Motorcycles and automobiles Advanced designed and manufactured to technology Revenue Property Sales Billion