DOCSLIB.ORG

Vingroup 2018 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Vingroup 2018 Annual Report XZ ANNUAL REPORT 2018 SHAPING THE FUTURE SHAPING THE FUTURE SHAPING 2018 ANNUAL REPORT CHAPTER VINGROUP 2018 AND MESSAGE CHAPTER CORPORATE GOVERNANCE CONTENT FROM THE CEO • Vingroup Governance Structure 98 01 • Vision, Mission, Core Values 8 04 • Report of the Board of Directors 100 • 2018 at a Glance 10 • Report of the Supervisory Board 104 • 2018 Achievements 12 • Governance Report 106 • 2018 Awards and Accolades 16 • Internal Auditing Report 108 • Message from the CEO 18 • Risk Management 109 • 2014 – 2018 Financial and Operational Highlights 20 • Share Information and Investor Relations 113 CHAPTER ABOUT VINGROUP CHAPTER SUSTAINABLE DEVELOPMENT • Vingroup Profile 24 • Vingroup’s Vision for Sustainability 124 02 • Corporate Milestones 28 05 • Sustainability by the Numbers 126 • Businesses 30 • 2018 Highlights 128 • Corporate Structure 48 • 2018 Sustainability Report 132 • Board of Directors 50 • Managing Sustainability 148 • Management 52 • Supervisory Board 54 • Development Strategy 55 CHAPTER MANAGEMENT REPORT CHAPTER CONSOLIDATED FINANCIAL STATEMENTS ON 2018 BUSINESS PERFORMANCE AND 2019 PLAN OF ACTION • General Information 154 03 06 • Report of Management 156 • 2018 Economy and 2019 Macroeconomic Outlook 60 • Independent Auditors’ Report 157 • Vingroup Operations and Financial Performance in 2018 68 • Consolidated Balance Sheet 158 • Blueprint for 2019 90 • Consolidated Income Statement 162 • Consolidated Cash Flow Statement 163 • Notes to the Consolidated Financial Statements 165 • Appendix 1 – The Group Structure as at 31 December 2018 227 www.vingroup.net ANNUAL REPORT 2018 VINGROUP 2018 CHAPTER AND MESSAGE FROM THE CEO 8 Vision, Mission, Core Values 01 10 2018 at a Glance 12 2018 Achievements 16 2018 Awards and Accolades 18 Message from the CEO 20 2014 – 2018 Financial and Operational Highlights THE VINGROUP ECOSYSTEM IS LARGE BUT THERE IS STILL A LOT OF WORK TO BE DONE. WE MUST NOT ONLY DO WELL “ INTERNALLY, BUT ALSO CREATE IMPACTS ALIGNING WITH OUR MISSION: "TO CREATE A BETTER LIFE FOR THE VIETNAMESE PEOPLE". VINGROUP WILL BUILD A SUSTAINABLE COMPETITIVE “ ADVANTAGE FOR GREATER GROWTH IN THE DOMESTIC MARKET WHILE PREPARING FOR INTERNATIONAL ACCLAIM! Pham Nhat Vuong Vingroup Chairman 08 VINGROUP JOINT STOCK COMPANY CHAPTER 1 – VINGROUP 2018 AND MESSAGE FROM THE CEO 09 VISION, MISSION, CORE VALUES With the goal of market leadership and sustainable development, Vingroup aims to become Vision 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 in real estate development, retail operations, and hospitality, by improving the quality of life for the Vietnamese people, and by raising the reputation of the nation in the world. CUSTOMERS SHAREHOLDERS AND Mission BUSINESS PARTNERS Vingroup will provide products and services Vingroup will uphold a spirit of cooperation, that meet international standards while emphasizing mutual development and reflecting the customs and cultural values respect for partners by emphasizing the of Vietnam. Products and services must creation of long-term sustainable value. anticipate changes and lead the trends. EMPLOYEES VIETNAMESE SOCIETY Vingroup will maintain a dynamic, creative, and Vingroup will demonstrate its corporate social respectful work environment that enables responsibility by harmonizing its corporate goals employees to achieve their maximum potential. with the values of the communities in which it does business. 2018 Message Shaping the future Vingroup is proud to set a new standard in all areas of participation, leading the market and actively creating new consumer trends. Vingroup will continue applying its breakthrough and thought leadership to shape the future and ‘create a better life for the Vietnamese people’. Vingroup strives to uphold six core values Core Values “CREDIBILITY, INTEGRITY, CREATIVITY, SPEED, QUALITY, and COMPASSION”. Slogan Logo CREDIBILITY INTEGRITY CREATIVITY Preserving the The Vingroup Logo shows a bird in flight toward the Sun. This image expresses our Vingroup vigorously protects its Credibility As a foundation of our Company, Integrity Vingroup’s management believes that startup mindset determination to strive for new levels of as one would protect one’s honor. The demands that we remain in full compliance creativity is what enables the Group to success. The V-shape of the bird’s wings Group is fully prepared to execute its plans with all applicable laws and ethical standards. deliver on its philosophy, which is expressed As a relatively young company, Vingroup refers to Vietnamese national pride and and spares no effort in meeting its goals. It follows that we must always put the as, “Dare To Think, Dare To Do.” This believes it is important to preserve the to the Group’s place in its competitive interests of customers first. philosophy encourages all employees to entrepreneurial traits that led to our success. marketplace. learn new skills. The startup mindset includes listening to customers, cultivating creativity, supporting The five stars beneath the image of the SPEED QUALITY COMPASSION the courage to innovate, and collaborating bird represent Vingroup’s gold standards The Group considers speed of execution The place of quality in Vingroup’s operations The Group respects the interests of all its to succeed. and principles. The two colors of the logo, and efficiency in operations to be critical is expressed as “Best in People, Best in stakeholders. Employees are Vingroup’s from Vietnam’s flag, express the Group’s to our success. Among the practices that Products and Services, Best in Quality of most important resource. The Group will These traits will continue to guide the pride in our Vietnamese identity, spirit, and follow from our emphasis on speed are, Life, Best in Commitment to Society.” continue to promote harmony among the Group’s growth and development. intelligence. “Fast To Decide, Fast To Invest, Fast To interests of all stakeholders by emphasizing Deploy, Fast To Sell, Fast To Change, and fairness, integrity, unity, and strength. Fast To Adapt”. 10 VINGROUP JOINT STOCK COMPANY CHAPTER 1 – VINGROUP 2018 AND MESSAGE FROM THE CEO 11 2018 AT A GLANCE VND VND VND OVER 122 TRILLION 6.2 TRILLION 364 TRILLION 3.4 MILLION 4.9 MILLION 2,080 NET REVENUE PROFIT AFTER TAX MARKET CAPITALIZATION(*) GUEST NIGHTS SOLD VISITS TO VINPEARL LAND RETAIL STORES(*) AT VINPEARL OVER DELIVERED NEARLY NEARLY OVER 65,300 15,400 66 617,000 23,000 6.3 MILLION EMPLOYEES APARTMENTS, VILLAS, RETAIL MALLS PATIENTS SERVED AT VINSCHOOL STUDENTS(*) VINID MEMBERS(*) SHOPHOUSES, AND VINMEC HOSPITALS AND CLINICS BEACH VILLAS DURING 2018 (*) As of February 28, 2019 Vinpearl Discovery 2 Phu Quoc – Kien Giang 12 VINGROUP JOINT STOCK COMPANY CHAPTER 1 – VINGROUP 2018 AND MESSAGE FROM THE CEO 13 2018 ACHIEVEMENTS 02 LISTING OF VINHOMES SHARES AND RAISING TOTAL CAPITAL OF USD 3.2 BILLION FROM INTERNATIONAL MARKET 03 On May 17, 2018, Vinhomes JSC listed nearly VINHOMES LAUNCHED TWO MEGA 2.7 billion shares on the Ho Chi Minh Stock PROJECTS WITH IMPRESSIVE Exchange (“HOSE”) and quickly became PURCHASING POWER one of the largest listed companies on the market, second only to its parent company, Vingroup. In 2018, Vinhomes introduced its first two mega projects – Vinhomes Ocean Park and 04 After the listing date, Vinhomes raised nearly Vinhomes Sportia – in the Eastern and the USD 1.4 billion from the share sale to several Western gateway of Hanoi and launched VINCOM RETAIL SET A RECORD WITH reputable international investors. The sale the VinCity product line, which was renamed 20 RETAIL MALLS OPENING IN was the largest-ever initial equity offering in Vinhomes Sapphire, targeting mid-end A SINGLE YEAR Vietnam. In 2018, Vingroup also succeeded segment. These mega projects will consist in raising capital through multiple channels of three product lines – Vinhomes Sapphire, VinFast had an impressive launch ceremony for car models through its showrooms, from international financial institutions Vinhomes Ruby and Vinhomes Diamond, In 2018, Vincom Retail continued increasing with two models, SUV Lux SA2.0 and Sedan dealers and Adayroi e-commerce channel. and for many of its core subsidiaries, with covering hundreds of hectares and offering its coverage with 20 new retail malls in 38 01 Lux A2.0, in October 2018 at the Paris Motor a total value of USD 2.5 billion. Some of a series of unique and impressive indoor provinces and cities nationwide, bringing Show. This comes just a year after the Group In early December, just over three months the most notable transactions include the and outdoor amenities. the total number of malls to 66, with a total LAUNCH OF VINFAST CARS AND announced its participation in the Industrials from the groundbreaking, the VinSmart USD 400 million preference share issuance GFA of 1.5 million square meters. Thanks ELECTRIC SCOOTERS, AND VSMART segment. VinFast unveiled three car models smartphone factory began operations. to Hanwha Group from Korea, the 10-year With innovative and reasonable financial to its large coverage, diverse tenants and SMARTPHONES – SUV, Sedan and CUV (Fadil) – and the Initially, VinSmart launched four Vsmart facility with a total value of USD 950 million solutions, the Vinhomes Sapphire product quality service, Vincom Retail has become Klara electric scooter in seven major cities smartphone models – Joy 1, Joy 1+, Active 1 to VinFast, guaranteed by Euler Hermes line (formerly VinCity) has been embraced the first choice for many domestic partners and provinces (Hanoi, Ho Chi Minh City, Hai and Active 1+ – targeting mass and mid-end – an export credit agency of the German by the market. During the last two months and international brands wanting to seize Phong, Nha Trang, Da Nang, Can Tho and market segments. This marked Vingroup’s government, and the USD 450 million of 2018, Vinhomes Sapphire’s pre-sale opportunities from the current growth Ha Tinh). The Klara e-scooter is currently for presence in the smart device manufacturing international exchangeable bonds issued by rate reached 82% of the nearly 12,000 of consumer retail and entertainment in sale, and VinFast is already receiving orders sector.
Load more

Recommended publications
  • Value Chain of Motorcycle Industry in Vietnam
    VALUE CHAIN OF MOTORCYCLE INDUSTRY IN VIETNAM A case study of Royal Enfield in Vietnam Bachelor's thesis Valkeakoski Campus, International Business Spring Semester 2021 Quang Nguyen Minh International Business Abstract Author Quang Nguyen Minh Year 2021 Subject Value chain of the motorcycle industry in Vietnam Supervisors Sajal Kabiraj This thesis aims to provide an overview of the motorcycle industry in Vietnam and the correlation between the value chain and competitive advantage. The theoretical framework describes concepts related to strategy in business and Michael Porter's theory of competitive advantage. The main objective is to gain practical knowledge by looking into a case company in India: Royal Enfield, choosing a suitable strategy in the Vietnamese market. The author implemented a qualitative research method through primary and secondary data to answer the research question. The secondary data is collected through the theoretical framework and scholarly publications, while data collected from interviews are primary data. The result shows that competitive advantage, if not exploited correctly, may lead to failure. Keywords Strategy, value chain, competitive advantage, management, motorcycle Pages 45 pages and appendices 0 pages Contents 1 Introduction ................................................................................................................ 1 1.1 Research purpose ............................................................................................. 1 1.2 Current situation of the motorcycle industry
    [Show full text]
  • CACCI Profile Confederation of Asia-Pacific Chambers of Commerce and Industry
    CACCI Profile Confederation of Asia-Pacific Chambers of Commerce and Industry Vol. XLVI, No. 8 August 2020 In this Issue: Virtual 34th CACCI Conference Scheduled for October • Virtual 34th CACCI Conference Scheduled for October ................ ......................................... 1 • Deadline for CACCI Foundation Project Proposal submissions Extended to August 31 ............................................................. 1 • CACCI Secretariat Holds Videocon with FICCI on Virtual 34th CACCI Conference Preparations ......................................................... 2 • ABA holds Virtual Conference on “Managing Business Continuity and Recovery During COVID-19 and Beyond”................................................................ 2 The Confederation of Asia-Pacific Chambers of • News Updates ................................. .................. 3 Commerce and Industry (CACCI) is pleased to announce that • Member Personalities ...................................... 16 the virtual 34th CACCI Conference will be held on October • Special Features ................................................ 17 30, 2020. The first-ever virtual CACCI Conference will carry • Product & Service Councils ............................. 20 the theme “Achieving Sustainable Growth in a Turbulent and Disruptive Global Market.” • Investment & Joint Ventures in the Region ... 24 The CACCI Secretariat is currently coordinating • Economic Cooperation News ....................... 27 with the Federation of Indian Chambers of Commerce • Technology ......................................................
    [Show full text]
  • Poreionymic Backronyms
    © 2020 Lege artis. Language yesterday, today, tomorrow Research article LEGE ARTIS Language yesterday, today, tomorrow Vol. V. No 2 2020 POREIONYMIC BACKRONYMS: AMBIT, FORMATION, AND DIVERSITY1 Dmytro Borys* Kyiv National Linguistic University, Kyiv, Ukraine Olena Materynska Taras Shevchenko National University of Kyiv, Kyiv, Ukraine *Corresponding author Bibliographic description: Borys, D. & Materynska, O. (2020). Poreionymic backronyms: Ambit, formation, and diversity. In Lege artis. Language yesterday, today, tomorrow. The journal of University of SS Cyril and Methodius in Trnava. Trnava: University of SS Cyril and Methodius in Trnava, 2020, V (2), December 2020, p. 2-52. ISSN 2453-8035 Abstract: The present paper examines the nature, formation patterns, types, and correlations of poreionymic backronyms, i.e. phrases serving as alternative interpretations of acronyms and non- acronyms designating transport brands, namely cars, both on theoretical and empirical planes. Since backronyms are likely to be confused with other linguistic phenomena, such as acrostics, apronyms, disabbreviations, and recursive acronyms, the differences between these notions are also analysed in the article. Key words: backronym, poreionym (transport brand name), acronym, non-acronym, acrostic, apronym, disabbreviation, recursive acronym, language game. 1. Introduction The postmodernism era is often said to be "marked by a shift from truth to fiction and narrative, by a change from the world of experience to that of language, and by the 1 This publication is also part of a sociolinguistic diversity investigation within Project № 2020.02/0241 (Ecolinguistic Modes of Ukrainian Discursive Space in the European Multicultural Continuum) supported by the National Research Foundation of Ukraine as "Leading and young scientists research support". 2 ISSN 2453-8035 demise of the three great metanarratives of science, religion and politics with their replacement by local language-games" (Lecercle 1990: 76).
    [Show full text]
  • Mobility Business Update
    Mobility Business Update April 2021 2 Important notice IMPORTANT: This presentation has been prepared by VinFast Trading and Production LLC (the “Company”) for information purposes only. The Company is considering various fund raising opportunities and investments, including but not limited to an equity investment, an initial public offering, a business combination with a special purpose acquisition company or other transactions. Any potential fundraising will be subject to different factors such as market conditions, and be made at our discretion. This presentation may not be reproduced or redistributed, in whole or in part, without the prior written consent of the Company. The information contained herein is preliminary and subject to change without notice, its accuracy is not guaranteed, has not been independently verified and may not contain all material information concerning the Company and its subsidiaries (the “Group”). You should not rely upon it or use it to form the basis for any investment decision or commitment whatsoever. None of the Company, its shareholders, or any of their respective affiliates, directors, officers, employees, agents, advisers or any other person makes any representation or warranty (express or implied) or accepts any responsibility or liability for the accuracy or completeness of this presentation or any or all of the information in this presentation or otherwise made available. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the performance, financial position or prospects of the Group. No part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
    [Show full text]
  • HEGGEMANN Helps with Series Start-Up the Aerospace Technology
    press release / Airport PAD / Büren-Ahden 12/04/2019 HEGGEMANN helps with series start-up The aerospace technology specialist at Paderborn/Lippstadt Airport is taking on a major order from Vietnam. The excavators have already arrived to move many cubic meters of earth on HEGGEMANN AG's new expansion site. In its core business, the specialist from Büren focuses on the development and implementation of highly complex metal assemblies for the aviation industry. For example, complete landing gear systems are developed, tested and transferred to series production, or complex welded assemblies made of special materials such as titanium are produced for aircraft engines. In addition to the aviation sector, the automotive industry has traditionally used the vertical integration of the lightweight construction specialist for selected series projects for more than 30 years. Very quickly, in the fourth quarter of 2018, HEGGEMANN AG received a major order from the new Vietnamese automotive group VinFast, which emerged from VinGroup, a globally active multi-group. In a first step, VinFast manufactures two models under license, which are based on the technology of the last BMW 5 Series and BMW X5 Series. More than half of VinFast's suppliers come from Germany. In connection with HEGGEMANN AG, the list with names such as ABB, Bosch, Dürr, Siemens, ThyssenKrupp and ZF reads impressively. HEGGEMANN was selected because of its reliable customer relationships within the automotive industry to ensure the start-up of the complex front and rear axle production. In order to implement this ambitious project, HEGGEMANN is expanding its production areas directly at the site where the series production plant will be put into operation.
    [Show full text]
  • Why We Currently Miss the Full Potential of Head-Mounted Displays in Vehicles
    Get to the Head: Why We Currently Miss the Full Potential of Head-Mounted Displays in Vehicles Christian Mai Kai Holländer LMU Munich LMU Munich [email protected] [email protected] ABSTRACT Current concepts of automated vehicles include an increasing usage of internal infotainment displays. Although being visually appealing, such display concepts introduce drawbacks in terms of ergonomics – neck stress and unnatural interaction with a display in the side door – and increase the price. Additionally, occupants of a vehicle often occlude screens for others or their seating orientation might complicate viewing a specific display. Other design concepts introduce the usage of hand-held devices to transmit information about the car. We propose to use augmented and virtual reality head-mounted displays instead of fixed screens to overcome these issues. While concepts that based on displays and handheld devices consequently design for the use of these devices, there are no concepts that showcase interior designs for HMD usage. Current advances to use HMDs inside the car just showcase the possibility to wear a headset while being in the car. Important questions for the interior concept, such as the storage of HMDs, the integration with the existing HMD and the consequent use of the interior to support interaction in VR, have not yet been addressed. We present two exemplary scenarios that showcase the possible impact a consequent design for HMDs could have on the vehicles interior. With our proposal we want to foster the discussion on the possibilities of HMDs and the Figure 1: We present an example of how needs on the interior design to make use of the full potential of VR experiences in the car.
    [Show full text]
  • 越南汽車產業之分析A Study of Automotive Industry in Vietnam
    財金論文叢刊 2018 年 6 月，第 28 期，63-78 越南汽車產業之分析 A Study of Automotive Industry in Vietnam 陳建宏( Chien-Hung Chen ) 朝陽科技大學財金系 阮德日(DucNhat Nguyen) 朝陽科技大學財金系 摘要 汽車產業是工業的骨幹，因為汽車產業包含很多基礎工業，汽車產業的發展可以 帶動其他產業的發展，有助於國家工業化、現代化與保障國防安全。因此汽車產業是 越南國家經濟發展的重要政策，隨著國家經濟的快速發展，汽車業越來越受重視。因 此本研究主要探討 2000～2016 年間越南汽車產業的發展及銷售現況，並分析影響越 南國內汽車製造量的因素，以瞭解未來越南汽車產業的發展方向。實證結果如下： 外國直接投資對越南國內汽車製造數量的影響為正向，表示外國直接投資增加， 促使越南汽車製造業成長，汽車製造數量會增加。總平均人口的影響為正向，表示人 口越多，汽車需求越高，汽車製造數量會增加。越南人均 GDP 對越南國內汽車製造數 量的影響為先減後增，即隨著人均 GDP 的增加、工資提高、成本增加、使汽車生產量 下降。但因工人的技術可能越來越熟練，以致汽車生產量增加。 而越南汽車進口關稅的影響為正向，表示進口關稅越高，對國內汽車有保護效 果，以致國內汽車製造數量增加。但由於東協自由貿易協定(AFTA)於 2018 年 1 月 1 日 起生效，屆時東協會員國產製汽車輸往越南將適用 0%關稅，對越南國內組裝汽車產業 經營將造成重大影響。為因應來自泰國及印尼產製汽車之市場衝擊，未來越南政府應 協助提升國內汽車組裝廠商生產及營運能力，調降汽車零組件之進口關稅及企業營所 稅，並加強吸引外國直接投資，以促進國內汽車業的發展。 關鍵詞：越南、汽車產業、外國直接投資 64 財金論文叢刊，2018 年 6 月，第 28 期 Abstract Automobile industry is the important policy of national economic development in Vietnam. With the rapid development of national economy, more and more attention is paid to the automobile industry. Therefore, this research mainly discussed the current development and sales of automobile industry during the period from 2000 to 2016 in Vietnam and analyzed the factors affecting Vietnam’s automobile manufacturing quantity, so as to understand the future development direction of Vietnam’s automobile industry. The empirical results are shown as below: Foreign direct investment has the positive effect on Vietnam’s automobile manufacturing quantity. It means that the increase in foreign direct investment will promote Vietnam’s automobile manufacturing industry to grow and the automobile manufacturing quantity will increase. The total average population has the positive effect on Vietnam’s automobile manufacturing quantity. It means that the larger population will cause the higher demand for automobile. Thus, the automobile manufacturing quantity will increase.
    [Show full text]
  • Downloadable Smartphone Happ That Can Replace a Traditional Car Key by Leveraging Near Field Communication (NFC) to Detect an Authorized Smartphone
    Issue CEYLON MOTOR TRADERS ASSOCIATION JULY 2019 Magazine 03 IN THIS ISSUE 02 Discussion on the benefits of Buying New Vehicles and Spares 07 Economic Analysis CMTA Ex-Co Members 2018/19 09 New Products Seated L to R M/s Reeza Rauf, Immediate Past Chairman (Senok Trade Combine (Pvt) Ltd); Yasendra Amerasinghe, Senior Vice Chairman (CarMart and Market Trends (Pvt) Ltd); Sheran Fernando, Chairman, (SML Frontier Automotive (Pvt) Ltd); Gahanath Pandithage, Diesel & Motor Engineering PLC; Rohan Casiechetty, The Ceylon Chamber of Commerce, and Niranga Pieris, Vice Chairman, (Prestige Automobile (Pvt) Ltd) Standing L to R M/s Nihal Silva (David Peries Motor Co (Pvt) Ltd); Charaka 10 Dr Hans Wijayasuriya Perera (Stafford Motor Co Ltd); Mano Atukorala, (Toyota Lanka (Pvt) Ltd); Gihan Pilapitiya, (United Motors Lanka PLC); Tilak Gunasekera (Sathosa on “Role of Business in Motors PLC); Anushka Polonowita (Drive-One (Pvt) Ltd); Bri Ponnambalam, (McLarens Lubricants (Pvt) Ltd); Virann de Zoysa, Associated Motorways (Pvt) Sustainable Economic Ltd); Rajeev Aloysius (The Autodrome PLC); and Andrew Perera (Kia Motors Resurgence” Lanka (Pvt) Ltd) Annual General Meeting of the 13 Member Activities & Ceylon Motor Traders Association Held 21 June 2019 Updates he Ceylon Motor Traders Association (CMTA) celebrates its 99th year. Affiliated Tto the Ceylon Chamber of Commerce, the CMTA is the most senior automotive trade association in the region. CMTA represents all major international automotive manufacturers, through their agents. The members of the CMTA collectively employs and trains thousands of Sri Lankan citizens. They bring in international 14 New Products and best practices in engineering and management, making the pool that are trained, employable internationally.
    [Show full text]
  • Vingroup Is Committed to Promoting the Application of Technology in All of Its Business Sectors
    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
    [Show full text]
  • Company Profile
    VINAINCON ENGINEERING AND CONSTRUCTION JSC. CÔNG TY CỔ PHẦN TƯ VẤN THIẾT KẾ VÀ XÂY DỰNG VINAINCON COMPANY PROFILE CONTENT PART I - GENERAL INFORMATION I.1. General Information I.2. Organization Chart PART II - FINANCIAL CAPABILITY PART III- EXPERIENCE RECORDS III.1. Construction projects III.2. EPC project III.3. Consultant services of design work, verification. Assessment and others. III.4.Consultant services of feasibility study, technical economic report III.5. Consultant services of project management and supervision PART IV - MANPOWER PART V- LIST OF MACHINE AND EQUIPMENT V.1. Equipment & softwares for consultant work V.2. Major equipment and machinery for construction work PART VI – QUALITY MANAGEMENT SYSTEM VI.1. Quality Policy VI.2 Design process VI.3. Description of steps COMPANY PROFILE PART I INTRODUCTION I.1. General Information I.2. Organization Chart COMPANY PROFILE PART I - GENERAL INFORMATION I.1. GENERAL INFORMATION Vietnamese name: CÔNG TY CỔ PHẦN TƯ VẤN THIẾT KẾ VÀ XÂY DỰNG VINAINCON English name: VINAINCON ENGINEERING AND CONSTRUCTION JOINT STOCK COMPANY Short name: VINAINCON E & C Address : 3rd floor, VINAINCON Building , No 5, Lang Ha Str, Thanh Cong ward, Ba Dinh Dist, Ha Noi City, Vietnam. Telephone No. : (84) - 24 - 35 142418/35 143350 Fax: (84) - 24 - 35 143095 Website : www.vinaincon-ec.com www.vinaincon-ec.vn E-mail : [email protected] Chairman of the Board : Mr. Hoang Chi Cuong General Director : Mr. Ta Dang Tinh Deputy General Director : Mr. Nguyen Thanh Nam Deputy General Director : Mr. Tran Van Toan Account number: 1. Bank account at bank for Ha Noi investment and development – Transaction Dept., No.1 Account Number (VNĐ) : 12010000484051 SWIFT code : BIDVVNVX120 2.
    [Show full text]
  • Sales Record of Vehicles Assembled in Vietnam in 2014 Month
    Sales record of vehicles assembled in Vietnam in 2014 Month: November 14 August-14 Sales - Nov 2014 Sales - YTM 2014 Maker Segment Model name Type Seat Share Share North Central South Total North Central South Total Mekong Pronto SUV 7 2 2 9 6 26 41 SUV/MPV Mekong Sub-total MPV/SUV/Cross-over 2 2 9 6 26 41 Mekong Premio Pick-up 5 1 1 4 6 12 15 31 58 Mekong Paso 990BE Truck 2 1 2 3 6 1 19 26 Mekong Paso 990 D Truck 2 1 2 3 10 32 42 0.2% 0.2% Mekong CV Paso 1.5TD Truck 1 6 7 1 5 18 24 Mekong Paso 2.0TD Truck 3 3 3 3 36 39 Mekong Paso 2.5TD Truck 3 1 1 2 2 Mekong Sub-total CV 3 2 18 23 19 34 138 191 Mekong Sub-total 3 2 20 25 28 40 164 232 VMC LIFAN520 PC 5 VMC Cherry PC 5 PC VMC Riich M1 PC 5 2 2 VMC Sub-total PC 2 2 0.0% VMC SUV/MPV Nissan Grand Livina MPV 7 VMC Sub-total SUV/MPV VMC Sub-total 2 2 GM Vietnam Spark Lite LT 0.8 PC GM Vietnam Spark 1.0 PC 5 29 17 58 104 334 178 702 1214 GM Vietnam Spark 1.2 PC 5 GM Vietnam Aveo LT PC 5 52 24 34 110 269 193 388 850 PC GM Vietnam Lacetti 1.6 PC 5 9 9 58 35 26 119 GM Vietnam Cruze LS PC 5 9 9 50 68 193 236 549 978 GM Vietnam Cruze LT Z PC 5 7 3 33 43 88 32 255 375 GM Vietnam Sub-total PC 106 53 175 334 942 674 1920 3536 GM Vietnam Captiva LT 2.4 SUV 7 3.1% 3.9% GM Vietnam Captiva LTZ 2.4 SUV 7 1 7 8 23 10 53 86 GM Vietnam SUV/MPV Orlando LT MPV 7 GM Vietnam Orlando LTZ MPV 7 2 12 14 37 10 63 110 GM Vietnam Sub-total MPV/SUV/Cross-over 3 19 22 60 20 116 196 GM Vietnam Spark Lite Van 0.8 Van 2 16 18 22 56 251 186 263 700 GM Vietnam CV Colorado Pick-up 5 1 6 7 22 25 52 99 GM Vietnam Sub-total CV
    [Show full text]
  • Issue 61: 18 October 2019 £5.99
    Issue 61: 18 October 2019 £5.99 www.companycartoday.co.uk Your independent source of fleet news, reviews and interviews PLUS Coffee with Volvo fleet boss Steve Beattie Analysis LITTLE GEM Audi goes big with TEST DRIVE REVIEW its electric plans Can the new Peugeot 208 continue the French brand’s recent good form? PLUS BIG TEST SKODA SCALA GUNS FOR THE CORE FLEET MARKET TESTED: Nissan’s long-awaited new Juke THETHE CHANGE CHANGE YOUR YOUR FLEETFLEET DESERVES NewNew selectable selectable drive drive modes modes for for different different roadroad conditions.conditions. Extended wheelwheel arches,arches, larger larger wheels wheels and and increased increased ride ride heightheight forfor a commanding drive. Plus,Plus, 575 575 litres litres of of storage storage space space – – all all you you need need toto movemove your business forward withwith confidence. confidence. Discover Discover more more at at ford.co.uk/new-focusford.co.uk/new-focus ModelModel shown shown is isan an All All-New-New Focus Focus Active Active X X Estate Estate 1.0T 1.0T 125PS 125PS Petrol Petrol Manual Manual withwith optionaloptional LED Headlights and ConvenienceConvenience Pack. Pack. Fuel Fuel economy economy mpg mpg ( l/100km(l/100km) )( Combined(Combined)): :45.6 45.6 ( (6.26.2)). .* *COCO22 emissions: emissions: 111g/km.111g/km. FiguresFigures shown shown are are for for comparability comparability purposes; purposes; only only compare compare fuel fuel consumption consumption and and CO CO22 figures figures with with other other cars cars testedtested toto thethe samesame technical SEARCH:SEARCH: FOCUS FOCUS ACTIVE ACTIVE procedures.procedures. These These figures figures may may not not reflect reflect real real life life driving driving results, results, which which will will depend depend upon upon a a number number of of factors factors includingincluding the accessories fitted, variationsvariations in inweather, weather, driving driving styles styles and and vehicle vehicle load.
    [Show full text]