1

List of table:

I. Introduction………………………………………………………………………………5
II. Overview…………………………………………………………………………………..5
III. Vingroup’s fields of activity……………………………………………………………...5
1. Trade in services………………………………………………………………………….5
2. Tourism-entertainment…………………………………………………………………..5
3. Consumer products………………………………………………………………………5
4. Health care………………………………………………………………………………..6
5. Education…………………………………………………………………………………6
6. Technology………………………………………………………………………………..6
IV. Brief activities overview of Vingroup…………………………………………………...7
V. Core values of Vingroup…………………………………………………………………8
VI. Visions……………………………………………………………………………………..8
VII. Goals………………………………………………………………………………………9
VIII. Organizational structure………………………………...………………………………9
IX. Environment and cultures……………………………………………………………….9
a. Environment………….……………………………………………………………...9
b. Cultures……………………………………………………………………………...10
X. Vingroup difficulties and measures……………………………………………………11
XI. Vingroup performance…………………………...……………………………………..12
XII. Human resources management………………………………………………………...14
a. Over view……………………………………………………………………………14
b. Attracting human resources……………………………………………………….14
c. Developing human resources………………………………………………………15
XIII. Conclusion……………………………………………………………………………….16

List of figure:

Figure 1: Vingroup’s outstanding point in 2021

Figure 2: Analysis of Vingroup's revenue and profit in 2020 and 2021

Figure 3: Summary of Vingroup's balance sheet and income statement for 2020 and 2021

2
Figure 1: Vingroup’s outstanding point in 2021

( VinGroup 2022)

Figure 2: Analysis of Vingroup's revenue and profit in 2020 and 2021

( VinGroup 2022)

3
Figure 3: Summary of Vingroup's balance sheet and income statement for 2020 and 2021
(VinGroup 2022)

4
Introduction 

Vingroup has been one of the most sustainable developing corporations in Vietnam for a couple of
decades. Known as the forerunner of Technocom group established in Ukraine, the group has a series
of the most successful real estate projects among real estate corporations in Vietnam. After
Technocom returned to Vietnam, it invested in two main tourism and real estate projects, Vinpearl
and Vincom. Gradually, these two major segments developed strongly and merged into Vingroup,
affirming its position in the real estate village. From that foundation, Vingroup has now made great
strides with extensive development in many different fields. In this page, we will analyze the overall
of Vingroup corporation depending on the basement knowledge of management.

Overview

Vingroup is considered as one of the biggest private firms in Vietnam . It demonstrates that it can be a
leader and innovator for changes to keep up with market trends for consumers when engaging in any
field, and it focuses on offering standard goods and services. international.

Vingroup's professional-style development strategy also includes creating the most diversified
ecosystem possible, with an emphasis on three key sectors: technology, business and trade, and
tourism.

Vingroup currently oversees up to 45 real estate projects; 25 hotels; 60 Vincom commercial

centers;many golf courses; amusement parks; more than 120 VinMart supermarkets and around 3000
VinMart+ locations (VinMart's retail system brand name has been changed to WinMart by Masan
Group-franchising); and 14 farms (franchising for Masan). 10 international hospitals and clinics run
by VinMec, 27 Vinschool schools, a sizable customer base using the VinID system, and a sizable
workforce.

Vingroup's fields of activity:

Trade in services

Vinhomes: Leading real estate brand in Vietnam, active in the creation, transfer, and management of
mid- and high-end mixed-use residential properties. All of Vinhomes' developments are in prominent
areas of important national cities and regions.

VinCity: is a well-known real estate brand that was established in 2016 and introduced items in 2018.
Quality, synchronous, and utility characteristics are fully converged in the medium-high category in
the satellite towns of Hanoi and Ho Chi Minh City. Ho Chi Minh City and the major provincial
capitals.

Vincom Retail: has four product lines: Vincom Center, Vincom Mega Mall, Vincom Plaza, and
Vincom. It is the top retail real estate brand in Vietnam.

Tourism – entertainment

Vinpearl: The top resort and travel brand in Vietnam is Vinpearl. This resort complex consists of 31
hotels with a total of 13,000 rooms that are close to the beach. The system network also includes
amenities including golf courses, swimming pools, and entertainment parks.

Consumer products

5
VinMart : supermarket chain.

 VinMart+ ( (VinMart+ retail system brand name has been changed to WinMart by Masan Group):
chain of convenience stores.

VinPro: center for electronics technology.

VinID: is a clever super application that meets all of the daily needs of Vietnamese people, improving
the convenience and cost-effectiveness of their life.

Health care

Vinmec: included are Vinmec International General Hospital and Vinmec Royal City International
Clinic, both of which are located in Times City, Hanoi.

Education

Vinschool: early childhood, elementary, middle, and high school education

VinUni: University education

VinEco: is a pioneer in introducing the most cutting-edge agricultural technology to Vietnam,

including Israel's Microgreen sprouting technology, drip and sprinkler irrigation methods, and
greenhouse cultivation methods.

Technology

VinTech: a subsidiary of Vingroup Joint Stock Company, deals with technology.

VinFast: In 2017, the first automobiles and motorcycles powered by electricity and liquid gasoline
were produced. Adayroi began posting information regarding VinFast vehicles on October 11, 2018.

VinSmart: Vingroup said in June 2018 that it would start making electronic gadgets, beginning with
smartphones under the Vsmart brand. 

With many branches covering from North to South, all areas of Vingroup appear everywhere. This is
definitely the group that is dominating the market without any competitors in the business market or
any other field in Vietnam.

In addition to its business operations, Vingroup is a prominent charity in Vietnam and

engages in a variety of charitable endeavors, some of which include:

 All operating costs for the Thien Tam Charity Fund, which was founded and is still in
operation today, are covered by Vingroup.
 participated in the women's volleyball competition for the VTV Cup.
 Money support, up to $5 million USD, for Vietnam Television to acquire the rights to the
2018 FIFA World Cup in Russia.
 Encourage VTC and VOV to purchase the Indonesian rights to ASIAD 2018.
 The Vietnam Football Federation (VFF) confirmed Vingroup as one of the sponsors to assist
Coach Park Hang Seo's pay in a new contract renewal in Vietnam on November 7, 2019. 
 While the COVID-19 pandemic in Vietnam is challenging, Vingroup has undertaken a
number of initiatives to aid Da Nang and the healthcare sector. 

( Bacnamland - Vingroup - 31/07/2021)

6
reference :  https://bacnamland.com/chu-dau-tu/tap-doan-vingroup/

 brief activities overview of Vingroup

With two strategic brands, Vinpearl and Vincom, Vingroup Joint Stock Company is a top-tier private
economic organization in Vietnam. It operates in the tourism and luxury real estate sectors.

2002 On May 3, 2002, the Vietnam General Trading Joint Stock Company was renamed to Vincom
Joint Stock Company.

The Vinpearl Nha Trang Resort opened in 2003.

The first shopping center to open in Hanoi in 2004 was called Vincom Center Ba Trieu.

2006: The parched Hon Tre island becomes a luxurious tourist destination with the opening of the
Vinpearl Land amusement park.

2007: Launch the 3,320-meter Vinpearl cable car that connects Hon Tre island to the mainland.

2008: Selected as the first Vietnamese real estate firm to be represented in the Russell Global Index.

2009: The Singapore Stock Exchange listed the first company to successfully issue bonds for $100
million.

2010: Ho Chi Minh City's opening of Vincom Center Dong Khoi.

2011: Vincom and Vinpearl Joint Stock Organizations' erratic general meeting of shareholders
formally accepted the merger plan to become Vingroup, a CP company (Vingroup).

Vingroup was formed in 2012 following the merger of Vincom Joint Stock Company and Vinpearl
Joint Stock Company (Real Estate)

Vinpearl (Tourism - entertainment)

Vincharm (Beauty and health care)

Vinmec (High-quality medical service) is now run by Vingroup Group, which has new legal standing.
Vinmec International General Hospital, a hospital designed to resemble a hotel, was inaugurated on
January 7, 2012.  (Nguyễn Hoàng Diện, 2016)

2013:  saw Vinschool formally enter the Vietnamese education sector. Vinschool is an inter level
school system that runs from kindergarten through high school.

2014: Commencement of complex project Vinhomes Central Park in Ho Chi Minh.

2015: Product and brand introductions VinPro is a technology-based retail system, and VinEco is a
high-tech agricultural system.

7
2016:  With almost 1,000 sites nationwide, the retail industry is steadily growing.

2017: Display the VinFast car-motorcycle manufacturing facility.

2018: Vinhomes JSC shares were launched on HOSE, making it the second-largest Vietnamese listed
firm by market capitalization.

2019: Launching the third urban area Vinhomes Grand Park, in Ho Chi Minh City with a scale of 271
hectares.

2020: In response to the Prime Minister's request for assistance in the fight against an epidemic,
Vingroup has developed and produced invasive and non-invasive ventilators, temperature monitors
created by Medtronic and MIT University.

2021: In Hanoi, Vingroup constructs a factory with a Covid-19 vaccine production capacity of 100–
200 million doses annually.

Core values of Vingroup

Vingroup's core value is  " CREDIBILITY-INTEGRITY-CREATIVITY SPEED-QUALITY-

HUMANITY  ". This is the core value that Vingroup's brands always aim for.

Credibility: Vingroup constantly prioritizes the word "Trust" and sees it as the most important core
value. Vingroup has undoubtedly securely established trust with customers, employees, and partners
in order to become the premier private corporation in Vietnam that it is today.

Integrity: is a crucial component in business. Dedicated to providing the greatest items to customers,
we work hard.

Creativity: "Forever the spirit of entrepreneurship" is Vingroup's tagline. Vingroup consistently

promotes the entrepreneurial ethos of "dare to think" and "dare to do." To continually breathe new life
into the company, Vingroup recruits a large number of talents.

Speed: Vingroup consistently prioritizes efficiency in all tasks. Fast decision, quick investment, quick
implementation, quick sales, and quick adaptation.

Quality: Vingroup is the coming together of gifted individuals to produce top-notch goods and
services that last a lifetime.

Humanity: A company's most precious asset should always be thought of as its employees. Always
provide chances for each person to grow and engage in constructive competition.

(Vingroup, 2022)

Visions :

By fusing aspiration with investment strategy, promoting sustainable growth, and recognizing the
future development potential of the Vietnamese market. In Vietnam and the surrounding area,
VINGROUP aspires to become the top multi-industry economic organization. Continually developing

8
premium goods and services to improve the standard of living of Vietnamese consumers and advance
the brand's position on the global market.

  Goals :

Concentrate on high-end, large-scale complexes in prime locations while expanding in strategic cities.
Use your expertise and experience to identify and acquire good positions.

Aims to capitalize on the mid-to-high-end market segment.Complex projects on product attractiveness

meet the needs of housing, commercial centers, and high-class utilities at the same time.Construction
of high-end resorts and villas. Diversify and increase real estate income.Creating large projects in
high-growth industries.Growing the mid-to-high-end segment. Increase revenue and expand business
opportunities by offering a variety of products at reasonable prices. Use the buyer's advance in
projects to reduce the need for additional capital. Increasing the capacity of sales, leasing, project
management, and internal real estate management teams. Regular revenue source that has been
increasing annually as a result of the expansion of the mining asset portfolio and the rate of operations

Organizational structure:

Mr. Pham Nhat Vuong has served as Chairman of the Vingroup Board of Directors since its inception
in 2002. He founded the Vincom real estate brand as well as the Vinpearl hotel, tourism, and service
brand 

The Board of Directors currently consists of 9 members, who have the following powers and
responsibilities: planning, developing, and finalizing the annual budget; determining operational
objectives based on strategic objectives approved by the general meeting of shareholders; reporting on
business results, expected dividends, financial statements; business strategy and business conditions
for the general meeting of shareholders; and building the organizational structure and operating
procedures.

The Supervisory Board is made up of five members, led by Mr. Nguyen The Anh, Chairman of the
Supervisory Board. The Supervisory Board is primarily responsible for supervising the Board of
Directors and the Board of Directors in the company's management and administration; investigating
the legitimacy, honesty, and prudence in the management and administration of business activities,
accounting, statistics, and reporting; and Appraise business performance reports, annual and 6-month
financial statements, report on management evaluation of the board of directors, and submit appraisal
reports on issues to the general meeting of shareholders at the annual meeting; submit amendments,
improvements, and supplements to the Board of Directors or the general meeting of shareholders; and
exercise other rights and obligations as prescribed by law, the company's charter, and the company's
bylaws.

There is one general director, Ms. Le Thi Thu Thuy, and five deputy general directors on the Board of
Directors. The Board of Directors is in charge of organizing the implementation of resolutions of the
general meeting of shareholders and the Board of Directors, particularly resolutions related to the
company's business and investment plans. company; make decisions on issues concerning the
company's day-to-day operations; manage and supervise the company's daily operations; perform
contracts and other obligations on behalf of the company

 Environment and cultures

a. Environment

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 As far as we know, Vingroup is a large corporation in real estate and has now expanded variously
into different areas such as cars, electric vehicles, medical, education,.... When researching the
working environment at Vingroup, it is necessary to study some advantages and disadvantages in this
regard.
 First of all, we will go through the overview to serve as the basis for analyzing the main part of this
article. With a large and growing corporation like today, the working mechanism and mode must also
be suitable for employees, not too harsh, giving employees the most comfortable feeling and at the
same time proud to be an employee of Vin Group. As for customer reviews, everyone commented that
Vin's staff were neatly dressed, clean, and behaved politely and friendly to customers. When we go to
Vin Group's system chains such as  living in high-end apartments like Vinhome, using Vin Fast cars,
etc. All of the above speaks to the behavior of employees. employees with customers, proving that
they have been carefully trained before communicating with customers, the important thing here is
that Vin Group teaches employees how to behave, how to behave appropriately to speak their mind.
and the scope of Vin Group. 
Talking about the advantages, this has been generally evaluated by the employees and they have
evaluated the company in terms of advantages, this creates trust and solidarity between employees and
employees, and creates a Good relationship between employees and the boss. At Vingroup, the
working environment is commented to be clean and beautiful, fully equipped with systems, and
luxurious and modern infrastructure, full of necessary tools and equipment when employees start
working. When it comes to material things, it is impossible not to mention the working attitude of
employees. The employees' colleagues in the company are friendly, respectful and help each other to
complete the work assigned by the boss. Not only that, Vin Group's employees will all be arranged for
periodic health checks and fully provided with working equipment such as uniforms, protective
equipment, and computers, all of which are fully serviced. service for the job to be better. Talking
about the benefits when working, there are a variety of regimes, exactly, the allowance is quite high
such as lunch, travel, phone, and even a shuttle bus for employees. In addition, employees are also
equipped with various types of insurance to affirm the safety of working at the group, along with
many other attractive incentives and benefits. In addition to the advantages mentioned above,
Vingroup also has disadvantages like other companies and organizations in the market. Vingroup is a
class corporation operating in many fields, so it is inevitable that it will compete strongly with
companies and corporations in all other fields. Therefore, along with a high and reasonable salary and
bonus, employees must be under great work pressure. Employees must always work with a sense of
responsibility and high sense of responsibility, strive to complete work, be creative, always work with
high productivity to achieve the set goals and criteria, and bring profits. the highest value for the
company and deserve the salary and bonus that I receive from the company. The next disadvantage is
the strict discipline in the environment of Vingroup. In a large organization, in order to be able to
control and ensure that the amount of work is completed on time and the organization can operate
smoothly, organizations need to set strict regulations on the level of rewards or punishment. punish.
This enhances the sense of awareness and responsibility of each employee, if they do wrong, they will
definitely be punished according to the principles set out.
b. Cultures

Vingroup brings together the most talented Vietnamese and foreign professionals who are gifted and
disciplined, talented and determined, patriotic and proud of their ethnicity, charitable, with good
intentions, and have a strict work ethic.

Each Vingroup employee is expected to take initiative, be ready to learn, constantly work on
improving themselves, and embrace the Group's culture and six fundamental principles as a set of
rules for behavior.

To achieve the objectives of "Best People - Best Products & Services - Best Life - Best Society,"
( Vingroup 2019 ) innovation must be constant and ongoing. Projects bearing the Vingroup trademark
are still rising as we speak, day and night, rain or shine, all over Vietnam. With this constant effort,
the Group will continue to develop and future generations will live better lives.

10
Vingroup's corporate culture, which is based on the six fundamental values of "Credibility, Heart,
Creativity, Speed, Quality, and Humanity," ( Vingroup, 2019) is one of professionalism and trust. All
staff actions are infused with a focus on speed, efficiency, and adherence to corporate principles,
forming a group force that ensures solid performance and development in all industries in which the
Group operates.

The Group runs training initiatives including "Efficiency, Profitability," "Good People, Good Deeds,"
and "12-Hour Transformation for Success" in order to instill and reinforce the six basic values. These
campaigns provide entertainment, encourage teamwork, and reaffirm the fundamental principles
while assisting staff in shifting their perspectives and producing better work more quickly.

Vingroup’s difficulties and measures

Vingroup is known as one of the largest and most successful corporations in Vietnam. With the talent
of billionaire Pham Nhat Vuong, Vingroup has turned Vin Group into a private economic group with
the largest charter capital in Vietnam. In addition to the advantages, for any success, there must also
be some challenges and difficulties, thanks to the difficulties that led to Pham Nhat Vuong and
Vingroup today.

Talking about difficulties, the period that hinders business the most is the period of social distancing,
a period that causes difficulties for Vingroup in particular and the business industry in general. Social
distancing causes serious damage to businesses such as loss of a large amount of money, damage to
health and even lives. When the whole country is seriously implementing anti-epidemic, there are
always funding sources from businesses and investors, and with that help, society is gradually brought
into a new normal and gradually restored. recovery after the sensitive period. At this sensitive time,
Vingroup has spent trillions of dong to serve the anti-epidemic work and this has left a big hole and
this is a difficult time for Vin Group. According to a report of Vingroup, it must be said that this is an
extremely difficult period after the epidemic, the total loss is a large number when the group has
invested too much in the fight against the epidemic. At that time, the group suffered a decrease in
revenue and suffered a loss after tax. There are many reasons for the lack of a large amount of
revenue. One of the reasons for the strong loss is that administrative expenses become a big problem
because it greatly affects the revenue of the group, which is the figure for 2021, at a time of panic.
because of the epidemic, while the revenue from financial activities decreased by 3 times.

According to Mr. Pham Nhat Vuong, the next reason leading to the loss in business is a large part of
the real estate activities that the group has invested in, such as building and leasing resorts and
amusement parks. entertainment. All of this has had a huge impact on the group's revenue situation
and has been damaged by the prolonged social distancing period. And its subsidiary - Vincom Retail
at the same time opened a package to support large-scale customers up to trillions of dong. That also
contributes to the revenue being severely affected and difficult to overcome. Vingroup decided to stop
producing gasoline cars from the end of 2022 to focus resources on electric vehicles, because this
problem is the next reason why the group has to record an expense related to rapid depreciation of
project assets. unused ideas and fees payable to suppliers due to contract termination.

In addition to the above-mentioned areas, Vingroup also suffered total losses to industries such as
motorbikes and telephones. These industries have been suspended due to lack of components. These
industries have lost over 10 billion VND. That is a big number for the business industry, a large
corporation like Vin Group because it hits the psychology of investors. The revenue of the exchange
for the money invested in medical equipment, charity meals, .... In order to serve the fight against the

11
epidemic. This has had a serious impact on the Group's business, particularly in some of the above
areas.

On the other hand, about the big challenges for Vingroup to grow up like today is the challenge of
focusing on technology and industry, that is, having to master the process and values from which to
gain the knowledge to develop. stronger growth in this area. Because the corporation wants to become
strong and develop to reach the world, it has come to challenges, because when there are difficulties
and challenges, then it will grow. Vietnam is a country that is considered to be underdeveloped in the
automotive field, just small in scale and underdeveloped. In the assessment of countries, our country
only processes orders for multinational companies. However, nothing is impossible, it is completely
doable in this day and age. For example, Vinfast has actively worked with companies in Germany,
and also cooperated with businesses in Europe and Japan on the practice of installing and
manufacturing electronic equipment. With that initiative to explore and cooperate, VinFast is now a
partner of suppliers and designers around the world, since then, it has mastered the product value. In
the process of working, Vin Group has a great motivation when the vision is shared by international
partners and merged into a team with an intense working speed. Those challenges and difficulties help
Vingroup grow strong and reach out to the world today.

Vingroup performance

The vingroup is a major real estate company, and we estimate my income and profit at billions of
dong. With a goal of improving lives.Vin develops for himself the guiding principles that we use to
make our team trustworthy out of responsibility for clients who respond the best.Trust carries with it a
lot of energy to utilize itself to guarantee that the main corporation;s excellent goods are united with
the customer’s commitment.It also carries with it a list of safeguards and duties. Letter Heart - When
working, we unquestionably put my heart first and put the theory into practice while keeping the
needs of my clients in the forefront of my mind. We also always obey the regulations that have been
established. assist clients in comprehending their psyche.The basis for progress, with a strong spirit of
courage to think, intelligence is formed by clever and creative individuals who prioritize creativity
above vitality and are always learning and growing.
Vingroup's company is booming, creating an increasing number of employment in industries
including real estate, research, Vinhomes, and Vin AI. The research, development, and manufacture
of batteries for electric cars and other uses, as well as other mobile applications and energy storage
solutions, were the main goals of Vingroup's establishment of VinES Energy Solutions Joint Stock
Company in August 2021. The company's net revenue from a variety of sources was VND 125,688
billion, up more than VND 15 trillion from 2020. Real estate revenue in particular climbed by more
than 10% from VND 72,167 billion to VND 79,452 billion in 2021.( VinGroup 2022)
Revenue from the remaining industries such as tourism and entertainment will reach VND 3,243
billion in 2021, down 33% compared to 2020, due to the impact of the covid pandemic, leading to the
number of tourists traveling, as well as to tourist destinations. entertainment places fell sharply
compared to previous years, causing vingroup to be heavily affected. The group's pre-tax profit
reached 3,146 billion dong in 2021. However, for the first time, vingroup announced the amount its
loss after tax is 7,558 billion dong, this is not a small amount that makes the company suffer a lot,
because it incurs significant expenses for charity, volunteering and most importantly, activities.
financial support for the covid 19 pandemic. If these expenses are excluded, the group's profit after
tax will reach VND 4,503 billion.( VinGroup 2022)

12
Figure 1: Vingroup’s outstanding point in 2021
(  VinGroup 2022)

Figure 2: Analysis of Vingroup's revenue and profit in 2020 and 2021

( VinGroup 2022)

13
Figure 3: Summary of Vingroup's balance sheet and income statement for 2020 and 2021
(VinGroup 2022)

HUMAN RESOURCES MANAGEMENT

a. Overview:

With the advancement of technology and globalization tendency, Vingroup has proposed the long-
term strategy for human resources management, which is comprised of five directions:
Human centralization
Standardization
Simplification
Automation
Effectiveness-Efficiency
(Vingroup, 2021)
To clarify the method and effect of this strategy, the analysis below will go deeper in Vingroup
management, especially attracting and developing Human resources.
b. Attracting human resources
With the continuous development of the corporation, attracting human resources is always a
consideration for the directors of the board. By understanding the working environment context and
the job description, Vingroup will proceed into the steps in the attraction plan.
Before analyzing the outstanding points of Vingroup's human resource attracting plan , we must go
through the basic human resources plan steps. Vingroup has a basic process that has been "automated"
and "simplified" to fix with their structure . Initially, Job Analysis will be conducted to list specific
criteria and tasks to understand and estimate business needs, which will help them forecast external

14
and internal supply. Next, the human resources department has to come up with contingency plans for
real-life situations that may arise. By carefully preparing, they will proceed to recruit employees
through many different means, from direct (on the corporation's website, invites for an interview) to
indirect (agency). As a result, they can match their demand with supply.
 Besides, we can find the impressive directions that Vingroup is applying to recruit employees. To
begin with, we should explore their policy of linking education systems, which represent the
concentration of humans.  For this policy, they often actively seek and invite talented students even
when they are just sitting in school. Up to now, Vingroup has had links with more than 50 different
universities in Vietnam, and also committed more than 100,000 jobs in the next 10 years (Ha Duy,
kenh14 press, 2018). This network has been automated and truly has a contribution in building
Vingroup to becoming a powerful corporation. In addition, their recruiting process is also a special
point, which includes 3 rounds. In the first round, they will be assessed directly on their overall
capacity. Then, there is an in-depth interview with a test of skills and variable applicability, which
expresses the standardization criterion. Finally, after successfully passing the previous test, The
employer will inform candidates about benefit packages and negotiate the salary and remuneration as
well (topCV, 2018). In order to facilitate in finding jobs for apprentices, annually Vingroup organizes
a "talented trainee" program. In order to apply , each candidate must meet the requirements about
knowledge and necessary practical skills such as: office computing, presentations, foreign
languages, ... (topCV, 2018).  To simplify this program, employers have narrowed the list as soon as
the application forms are sent. Through some analyses, criteria are combined solidly with each other.
In summary, the methods that Vingroup uses have mentioned the direction and goals that they would
like to move towards,  automation, simplification, standardization, effectiveness-efficiency and
human centralization.
c. Developing human resources
‘Regardless of how effective a selection system is, however, most employees need additional training
if they are to grow and develop in their jobs’ (Griffin, 2018). There is no exception, in spite of
successfully attracting quality human resources, Vingroup also pays great attention to the training and
development of human resources - the most crucial element for all organizations.

To develop the whole corporation, Vingroup has to consider the human as the most vital element
(human concentration), consequently, training and developing are particularly focused and effectively
implemented. The corporation often applies  key training programs, capacity building and skills
training for employees, especially encouraging and promoting a culture of self-learning; all these
programs have their own system to manage and show direction to human resources standards and
their development goals. Typically, ‘at Vinpearl, managers and staff have completed more than
74,000 hours of lectures and 2 million hours of lessons; At Vinmec, the number of hours of study
reached nearly 87 thousand hours’ (Vingroup, 2021). 

Recently,  their training forms have been innovated to keep up with the digital era, which apply
advanced technology and techniques such as: digitizing training materials, deploying online courses to
encourage employees to constantly learn, actively research and learn everything, which is considered
the big jump to automation and efficiency. In addition, the testing and assessment of employees' skills
is also strictly organized to evaluate, classify skill levels and plan appropriate training contents and
programs. Training and development programs for source staff, industry experts are invested,
designed, implemented methodically and attract the attention of employees at all levels. Some
outstanding training activities that Vingroup has conducted in 2021 such as: program "Self-learning,
Overcoming yourself" to improve the spirit of proactive self-research, exploration, learning and self-
development of employees on the whole corporation scale. Another instance, ‘Vinmec has
accompanied and effectively implemented the Group-oriented training program with more than 1.7
thousand hours of self-study in this series of programs and more than 3.2 thousand hours of self-study
on LinkedIn Learning and the system’ (Vingroup, 2021).
In developing part, Vingroup have allocated an enormous amount of financial outlay to facilitating for
staff with typical titles such as: General Manager of Vinpearl/ Vinhomes/ Vincom Retail, Resident
Doctor/ Nursing Vinmec, and Vinschool Principal advanced programs to achieve high efficiency,
meeting the needs of jobs, supplement the new skills to adapt with the change of work environment .

15
For example, ‘Training program for PhD students and engineers in the field of Artificial Intelligence
and Data Science, developing to improve professional capacity, especially in the fields of
Manufacturing, Health, Education, Technology’ (Vingroup, 2021).
Through the policy and direction that Vingroup has applied, we can recognize the  strong connection
among different criteria: Human centralization, Standardization, Simplification, Automation,
Effectiveness-Efficiency.

Conclusion:

In summary, there are some points that we should consider and learn from Vingroup. Initially, to
reach this achievement, we have to mention the core value that the whole corporation pursues:
"CREDIBILITY-HEART-CREATIVITY SPEED-QUALITY-HUMANITY" . The core value will
show clearly directions and goals that have helped them utilize most of its available human resources
and potentiality. Besides, the management method is also an invaluable lesson for many businesses,
with the long-term development strategy of "Human centralization, standardization, simplification,
automation, Effectiveness-Efficiency", Vingroup has built a  work culture: modern, disciplined and
responsible, which is dedicated by high quality human resources. In addition, flexible change is a
considerable element that helps the corporation minimize the risk and save the sources for other
purposes (franchising Vinmart, VinEco). Each business has their own weakness and drawback, to
ensure the development of a corporation, they have to decide which areas are compatible with their
conditions and which ones are saturated. By applying those points, Vingroup has achieved their own
goals and success.

References:

Hà Thu, 2021, Lịch sử phát triển Vingroup, các dấu mốc quan trọng và sự thay đổi chóng mặt về quy
mô, Sidoni, viewed 1/7/2022

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ve-quy-mo>

Nguyễn Hoàng Diện, 2016, Hoạch định chiến lược của tập đoàn Vingroup, Academia, viewed
1/7/2022

<https://www.academia.edu>

Văn Dao, 2021, Môi trường làm việc của Vingroup thế nào, Nơi đây có phù hợp với bạn, jobsgo,
viewed 2/7/2022

<https://jobsgo.vn/blog/moi-truong-lam-viec-cua-vingroup>

 Nghia Nguyen, 2021, Giải mã chiến lược phát triển của Vingroup ,Linkedin, viewed 5/7/2022
<https://www.linkedin.com/pulse/giai-ma-chien-phat-trien-cua-tap-doan-vingroup-phan-nguyen>

Duanvinhomessmartcitytaymo, 2021, Cơ cấu tổ chức tập đoàn Vingroup,

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 Vingroup, 2019, Văn hoá doanh nghiệp , Vingroup, viewed 5/7/2022 

<https://vingroup.net/en/development/18/corporate-culture>

Bông Mai, 2022, Vingroup lần đầu báo lỗ, vì sao, Tuổi trẻ, viewed 4/7/2022

<https://tuoitre.vn/vingroup-bao-lo-ky-luc-hon-7500-ti-dong-vi-sao>

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Hậu Lộc, 2022, Vingroup thiệt hại trên 10000 tỷ mảng ô tô, xe máy vì Covid 19, Tuổi trẻ và pháp luật,
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<https://phapluat.tuoitrethudo.com.vn/vingroup-thiet-hai-tren-10000-ty-mang-o-to-xe-may-vi-covid-
19>

Hiếu Công, 2020, CEO Vingroup nói về thách thức khi tập trung công nghiệp, công nghệ, Zingnews,
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<https://zingnews.vn/ceo-vingroup-noi-ve-thach-thuc-khi-tap-trung-cong-nghiep-cong-nghe>

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<https://www.vingroup.net/gioi-thieu/tam-nhin-su-menh-va-gia-tri-cot-loi>

Đỗ Phương, 2020, Đào tạo nguồn nhân lực bền vững để phát triển doanh nghiệp, Lao động, 2/7/2022

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Hà Duy, 2018, Vingroup đặt hàng hơn 50 trường Đại học tại Việt Nam, cam kết tiếp nhận 100.000
sinh viên tốt nghiệp trong 10 năm tới, kênh 14, viewed 2/7/2022

<https://kenh14.vn/vingroup-dat-hang-hon-50-truong-dai-hoc-tai-viet-nam-cam-ket-tiep-nhan-
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Griffin.R.W, fundamentals of management 9th edition, 2018

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