Table of Content

1. Introduction….…………………………………………………………………...……………2
     
     1.1.Vinfast’s philosophy….…………………………………………………………………..2
     1.2 Definition….………………………………………………………………………………2
     1.3 HRM Structures of Vinfast….…………………………………………………………...3

2. Explain the impact of the role of HRM in creating sustainable organizational

performance and contributing to business success. ….
……………………………………………………………………………………………….3

     2.1 Explain and compare the main areas of HRM in their contribution to creating      
sustainable organization performance…...….………………………………………………….3
     2.2 Review the effects of the changing nature of organization on HRM skills and
knowledge….……………………………………………………………………………………..6

3. Assess the contribution of HRM in recruiting and retaining talent and skills to achieve
business objective….
……………………………………………………………………………………….7
     3.1 Review the relevant HRM practices in relation to recruitment and retention of
employees for the achievement of business objective………………………………………….7

4.Conclusion….………………………………………….……………………………………….8

5. References….…………………………….…………………………………………………….9
1. Introduction
Mr. Pham Nhat Vuong founded VinFast, one of many VinGroup subsidiaries. VinFast or
VinFast LLC, abbreviated as VF, whose full name is VinFast Manufacturing and Trading
Limited Liability Company, was founded in 2017 and is one of Vietnam's leading manufacturers
of automobiles and electric motorcycles. VinFast is frequently associated with speed, but this is
not the case.Vinfast is an acronym for "Vietnam - Style - Safety - Creativity - Pioneering" (the
letter Ph changed to F). The desire to lead the development of Vietnam's automobile
manufacturing industry with the goal of industrialization and modernization. VinFast and
Vingroup are both contributing to economic development.

1.1.Vinfast’s philosophy
Managers at the Group fully embody the Vingroup core values of "CREDIBILITY -
INTEGRITY - CREATIVITY - SPEED - QUALITY - HUMANITY," demonstrating
enthusiasm, strong bravery, daring to think and daring to do. All members must have
professional qualifications, a strong desire to advance in their careers, a strong sense of
responsibility, and a good sense of discipline. Since then, the organization has implemented
human resource management policies and procedures that affect employee productivity, morale,
and work attitude.

1.2 Definition
-The term "human resources" refers to both the employees of a company or organization and the
division in charge of all employee-related matters. The workforce is one of a company's or
organization's most valuable resources. Human resources was first used in the 1960s, when the
value of labor relations became clear and ideas like motivation, organizational behavior, and
selection assessments began to take shape in a variety of work settings.
-In order to achieve desired goals and objectives, management is defined as an individual or
group of individuals who challenges and supervises an individual or collective group of
individuals. Furthermore, the definition of management encompasses the capacity to organize,
supervise, and guide people. (Dan,2013)
-The process of finding, selecting, deploying, and managing employees within an organization is
known as human resource management (HRM). The term "human resources" is often used to
shorten HRM (HR). The human resources department of a business or organization is typically
in charge of creating, enforcing, and monitoring the rules that regulate employees and the
organization's relationship with them. The phrase "human resources" was first used in the early
1900s to refer to all of the employees of an organization, and it gained popularity in the 1960s.
1.3 HRM Structures of Vinfast

(Vinfast, 2020)

2. Explain the impact of the role of HRM in creating sustainable organizational

performance and contributing to business success.

2.1 Explain and compare the main areas of HRM in their contribution to creating sustainable
organization performance.
2.1.1 The purpose of the HR function and Objective of HRM in Vinfast
-HR function is an organization that recruits human resources for the company, manages salary
and bonus, allowances, insurance, organizes training and develops human resources. In addition,
it also plays an important role in building activities. the relationship between the enterprise. At
present, the role of HR is even more expanded. They focus on strategic work to drive the growth
of the business. It is also important to ensure that the effectiveness of the strategies is clear and
measurable.
- Objective of HRM in Vinfast

+ Implement and manage salary, bonus and welfare policies

+ Training and developing human resources
+ Build close relationships between employees
+ Advising on HR issues for CEOs and department heads
                 

2.1.2 Sustainable organization performance

Sustainable performance in an organization is accomplished when the company stays loyal to its
mission and values over time while navigating a changing business landscape in a proactive and
flexible manner. Leaders play to the organization's strengths while also investing time in
recognizing and acting on opportunities for improvement.

Developing resilient living practices for workers in conjunction with a mindful leadership style
helps firms to adjust to new difficulties faster while constantly meeting the organization's ideals.
(Alan,2020)
                  2.1.3 Explain and compare the key roles and responsibilities of the HR function
HR function :
- Talent Management :
Recruiters are the foundation of any company's workforce. They are responsible for posting job
openings on job boards as well as recruiting candidates through job fairs and social media.
Vinfast's talent management team recruits highly qualified workers and recruits other employees
to meet organizational goals, improving capacity and strengthening organizational stability.
- Compensation and Benefits:
In smaller businesses,compensation and benefits roles are frequently overseen by one or two
human resources professionals,but in larger organizations, the responsibilities are typically
divided.Compensation HR functions include evaluating competitors' pay practices and
establishing the compensation structure. VinFast is the best business for automotive employees
because of its high earnings, complete welfare system, and innovative, safe, and civilized
working atmosphere. (2022, Huong Tra).

- Training and Development :

Training is essential to support an organization's growth and sustainability by increasing
personnel' qualifications and skills. VinFast signed a memorandum of understanding to deploy
joint training at College level majoring in Mechatronics and Automotive Engineering
nationwide.(Vingroup,2021)
- HR Compliance :
HR compliance teams must be well-versed in employment legislation and collaborate with other
HR professionals to produce firm policies to ensure employees receive rewards for job well done
and suffer consequences for mistakes. Vinfast sacked numerous workers after discovering that
certain employees took advantage of the company's favored rules for personal benefit. (Lam
Dieu,2019).
 -Workplace Safety :
Employers are required by the Occupational Safety and Health Act of 1970 (OSHA) to provide a
safe working environment. In the event of workplace injuries or fatalities, HR is responsible for
developing and implementing safety training as well as maintaining federally mandated logs.
Furthermore, the department works with benefits experts to manage the company's Workers'
Compensation filings.Vinfast's job is to create a secure and healthy work environment where
employees have the chance to advance, compete, and feel secure.
              2.1.4 The model of Vinfast’s HRM 
Vinfast applies both soft and hard models.
-Hard model: With such a large ecosystem in the form of training, Vingroup's policies and judgments
should be quite stringent. Because the group's main norms will be imposed on all workers,
there will be no room for flexibility. Everything at Vinfast adheres to the established standard
technique, which is quite stereotypical.(Thanh Hoa,2022)

-Soft model:Vinfast places a strong value on human resource training and development. VinFast has
inked an agreement with five institutions to execute a concept of integrated college-level
instruction in Mechatronics and Automotive Engineering across the country.The training
content is co-created by the schools and VinFast, ensuring conformity with the provisions of
the Vocational Education Law.

2.2 Review the effects of the changing nature of organization on HRM skills and knowledge
        2.2.1 Changing nature of Vinfast
At the Consumer Electronics Show in Las Vegas, USA, Vietnamese automaker VinFast
announced plans to discontinue production of internal combustion engine (ICE) vehicles and
transition to all-electric vehicles by the end of 2022. The company has introduced five electric
vehicle models, including the VF 8 and VF 9 in the D and E segments.(Vinfastvn,2022)

        2.2.2 The effects of the changing nature of organizations on HRM

The electric car sector is a completely new field in Vietnam in terms of talent recruiting. As a
result, it is totally logical for significant local and foreign auto firms to hire employees with
expertise and understanding. The senior management team has hired a large number of senior
directors from Vietnam and overseas who have worked for major automakers such as Tesla and
Ford. The recruitment team must guarantee that the correct individuals are hired and that they are
professionals in the domains of production, engineering, buying, management, and human
resources in the early phases of Vinfast's entry into the country's electric car manufacturing and
trade.
Vinfast's employers should focus on hiring a team of mechanics, sales personnel, and special
courses to guarantee that the factory's standard of employees can catch up with Vinfast's tactics.
Companies must also develop strategies to assist employees in increasing their productivity and
efficiency, such as altering incentives, providing better remuneration, and providing acceptable
compensation.
The transition from producing cars powered by fossil fuels to producing electric vehicles (the
first electric vehicle manufacturer in Vietnam) presents a significant challenge not only for the
HR department but also for all other departments within the company, including marketing,
sales, engineering, and quality control.
-Department of marketing: This department must study the electric car industry, determine the
demands of the target client, and then devise successful methods. To accomplish so, this
department must expand its expertise in electric cars while also learning about the demands of its
target clients.
- The sales department contributes significantly to the organization's profitability. All sales
personnel must have a fundamental understanding of electric cars, including features, engines,
fuel, and working mechanisms. Furthermore, they require a wider understanding of electric cars
based on well-known electric vehicle manufacturers such as Tesla in order to demonstrate to
clients the future development of the electric vehicle sector in Vietnam.
-The Engineering and Quality Control departments demand not just fundamental expertise, but
also broader and more in-depth understanding. To guarantee that the production line runs
properly, the mechanic department must be well-versed in electric car manufacture, operating
mechanisms, and assembly. Electric vehicle safety regulations must be known to the quality
assurance department.

3. Assess the contribution of HRM in recruiting and retaining talent and skills to achieve
business objective
 
3.1 Review the relevant HRM practices in relation to recruitment and retention of employees for
the achievement of business objective

-HR practices in relation to recruitment:

Organizing necessitates the creation of an organizational structure in order to ensure that the
organization's goals are met. A structure is usually described using an organization chart, which
visually illustrates the chain of command inside an organization. This will make future
recruitment tactics easier and more exact to build. The HR specialists may deduce from the
diagrams and charts what the company hopes to achieve, and with that knowledge, they can
build recruitment methods that complement those goals. (HRD Connect, 2019)
This relationship is defined by the internal recruitment of employees based on organizational
commitment.This relationship highlights the significance of tracking changes in employee
engagement and commitment as they manifest in work performance. Management can identify
employees' organizational commitment by monitoring their career growth, participation in
assigned tasks, and task acceptance ratio. This facilitates the process of internal recruitment of
employees for promotion.

HR practices in relation to recruitment include creating an organizational structure to ensure

objectives are met, streamlining staff performance and efforts to effectively meet the established
goals, and creating a framework for worker skills, knowledge, and ability development.
Performance management is a continuous and systematic technique that ensures the attainment
of organizational business goals. When making recruitment announcements, HRD should show
candidates the opportunity to develop themselves to increase interest in the company and help
the recruitment strategy succeed.

In addition to efforts in research and development of new products, VinFast recruits thousands of
highly qualified and specialized personnel, considering this as the core force to bring Vietnamese
brands to the "big sea". VinFast employs many people. management, engineer, and specialist
positions to expand scale and improve production capacity at manufacturing plants. Facing the
rapid growth of the electric vehicle manufacturing industry, consolidating the human resource
base is key. The "key" to help VinFast improve its competitiveness in the market. In order to
improve human resources, besides focusing on input, VinFast also regularly organizes training
courses to improve professional skills for employees.

-HR practices in relation to retention :

Employee retention refers to the various policies and practices that allow employees to stay with
an organization for a longer period of time. According to research, employees leave
organizations due to frustration and constant friction with their superiors or other team members.
In some cases, a low salary, a lack of growth opportunities, and a lack of motivation compel an
employee to seek a change. Management must make every effort to keep those individuals who
are critical to the system and are recognized to be effective contributors.When individuals quit
their jobs after receiving thorough training, the firm is absolutely at a loss. Employee retention
considers the different methods used to ensure that a worker remains in a company for the
longest possible amount of time. Employee retention tactics can help motivate people to
appreciate their careers and avoid changing jobs often.
High levels of employee commitment have also been linked to the implementation of "suitable"
HRM methods (Guest, 1997).
For example, providing chances for training and skill development helps the employee by
providing them with the information, abilities, and attitudes required to perform autonomously
and responsibly (Guest, 1997).
Employees may think that the company is concerned about their development requirements as a
result of this provision, and they may feel satisfied, committed, and more eager to stay with the
firm.
Significantly,HRM strategies can boost employee retention.
Vinfast is one of the firms that gives its employees the highest wages, more than double the
average. They also offer particular employee incentives, such as a reward system for diligence,
which is a big help in attracting prospects and maintaining personnel. Providing competitive
compensation assists the firm in attracting excellent individuals and building employee loyalty.

4.Conclusion
The project was written to help Vinfast develop a human resource system and to introduce the
reader to the goals and responsibilities of human resource management. utilizing cutting-edge
technological innovation, cutting-edge new products, competitive pricing, and exceptional
warranty service Vinfast will get closer to the smart electric car company's goal of actively
promoting the revolution. Vinfast will also benefit from the global electric vehicle network's
future expansion.
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