1.

Introduction about Vinamilk Company

Vietnam Dairy Products Joint Stock Company was a company which established on the
Decision No. 155/ 2003QD-BCN on October 10 2003 of the Ministry of Industry about
change State enterprises of Vietnam Dairy Products Company into Vietnam Dairy
Products Joint Stock Company.

VIETNAM DAIRY PRODUCTS JOINT STOCK COMPANY is the transaction name of

Vinamilk Company.

1.1 History

Before 1978, it was the Southern Milk and Coffee Company belonged to Food
Corporation, with 6 affiliated units: Thong Nhat Milk Factory, Truong Tho Milk Factory,
Bien Hoa Coffee Factory, Bich Chi and Lubico flour factories.

In 1978, the company was transferred to the Ministry of Food Industry and changed its
name to Milk Coffee and Confectionery Enterprise I.

In 1992, it was renamed to Vietnam Dairy Company under the management of the
Ministry of Light Industry.

In 1996, it was joint venture with Quy Nhon Frozen Joint Stock Company to establish
Binh Dinh Dairy Joint Venture Enterprise. This has enabled the company to successfully
participate in the central market of Vietnam.

In 2003, the company renamed to Vietnam Dairy Products Joint Stock Company. After
that, the acquisition of Vietnam Dairy Products Joint Stock Company and Saigon Dairy
Products Joint Stock Company occrured, increasing registered charter capital of the
company to 1,590 billion VND.

In 2006, Vinamilk shares were listed on Ho Chi Minh City Stock Exchange on January
19 2006.

1.2 Business lines

Producing and trading canned milk, powdered milk, cakes, fresh milk, soy milk, beverage
and other products

Trading in food technology, equipment, materials and chemicals

Trading in real estate, real estate agency, warehouse and yard trading
Producing and trading packaging, printing on packaging

Manufacturing and selling plastic products

General clinic

1.3 Vinamilk’s position

Vinamilk is the leading milk producer in Vietnam calculated by sales and output. In
2018, Vinamilk held a market share of spoon yoghurt up to over 80 percent, 79 percent
for condensed milk, 59 percent for liquid milk and 42 percent for powdered milk. In
2019, total revenue of Vinamilk is approximately 56.4 trillion Vietnamese dong.
Vinamilk is the largest dairy company in Vietnam and is among the 10 most valuable
brands in Vietnam.

2. Policies

2.1 Recruitment policy

Company always aims to diversity in sources of candidates for leaders, administrators

and employees in recruitment policies. From candidates who are high qualifications
experience and suitable to the job requirements, to students with great output. The
recruitment is done from regardless of religion, gender, race and age. The final result of
the employees recuitment is finding well-qualified employees through the fair selection
working process.

University employment program: Vinamilk company often organizes recruitment

programs at many universities every year. Not only this is an opportunity for students to
have an application but also an opportunity for them to learn and debate about the
company in order to guide their career.

2.2 Human resource training policy

Vinamilk company makes an objective to invest in training highly educated human

resources. Some training activities of the Company have been proceeded:

Sending employees to study in dairy technology and dairy products, automating

technological processes. and production, food manufacturing machinery, and
management in the dairy industry.

Recruiting excellent students graduate from Universities and sends them to study abroad.
Employees who want to study are also supported 50% of the cost of the courses by the
company to improve their qualifications and skills. Beside that, there are many short-term
training programs.

Organizing study day, with the aim to exchange and share experience among employees,
to help people learn and acquire new creations at work.

2.3 Remuneration policy

Vinamilk considers that the human factor is the most important factor, which will
determine the success or failure of the company. So the company has many remuneration
policies for employees:

Ensuring work for employees, workers's income is increasingly improved.

Fulfill rights and obligations of employees as prescribed by law.

Reward policy for individuals and groups who make contributions to the company, and
have discipline for individuals who take actions that adversely affect the company's
reputation.

Have a training and arranging human resources in accordance with the company's
development situation to increase quality.

Support and create advantage conditions for employees to participate in training courses
at home and abroad to improve their knowledge.