BUILDING A MORE PROSPEROUS LIFE

Building a more prosperous life
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ATTRACTING AND RETAINING TALENT

PVCFC is committed to fostering a humane working environment by continuously improving its policies for employees, from compensation and rewards to welfare programs. The company also provides optimal conditions for employees to fully realize their potential through flexible recruitment policies and in-depth training programs.

TALENT ATTRACTION AND EMPLOYEE BENEFITS POLICY

PVCFC provides salaries, bonuses, benefits, and other policies in compliance with legal regulations, Corporation standards, and company policies to ensure a decent living for employees. The PVCFC labor union participates in training to stay updated on amendments and additions to the regulations and implementation guidelines of the Vietnam Labor Union, as well as to protect employee interests.

Each year, based on production and business results and legal regulations, PVCFC establishes a wage and bonus fund for management and employees. The company has issued comprehensive regulations regarding employee benefits and reward criteria for both teams and individuals, based on their contributions to achieving the company’s business results and operational efficiency.

The reward criteria for teams and individuals encourage employees to demonstrate teamwork, actively participate in initiatives, comply with the Party’s policies and State laws, and propose innovations (including technical solutions, management strategies, operational improvements, and applications of technological advances) that enhance productivity, improve work efficiency, or result in recognized research topics effectively applied within the company.

PVCFC continually creates a convenient and safe working environment while effectively implementing labor policies, wages, bonuses, and social and health insurance, in accordance with legal regulations, Corporation standards, and company policies:
1. Wages and Benefits: Salaries, bonuses, overtime payment, and other allowances are provided based on the wage and bonus management regulations and employee welfare policies. Benefits are distributed according to the Collective labor agreement and employee policies.
2. Average Salary: The average salary of employees is stable and gradually increasing over the years, specifically:
Unit: Million VND/person/month

3. The company fully and timely contributes to social insurance, health insurance, and unemployment insurance in accordance with the Labor Code and the Social Insurance Law. In 2023, the company had no pending contributions. The total amount paid to the Social Insurance Agency in 2023 was VND 87,655,922,050 including: Social Insurance: VND  64,073,507,975, Health Insurance: VND 14,557,303,540, Unemployment Insurance: VND 9,025,110,535)

4. The company rigorously conducts occupational health and safety training and provides personal protective equipment as required. The company also pays hazardous work allowances and in-kind benefits to employees working in dangerous environments as per State regulations.

5. The company offers expanded personal accident insurance (PVI Care) for all employees, participates in voluntary retirement insurance, and human life insurance (“Post-Paid Benefits”) to enhance employee attraction and stabilize their living conditions.

6. The company provides housing for employees and supports them financially when they meet the criteria for housing but the available units are insufficient. Currently, there are 359 apartments allocated, accommodating 515 out of 1,096 employees, accounting for 47.0%. Additionally, 58 employees receive housing rental assistance, making up 9.98% of those eligible.

7. Providing housing for employees and financial support for employees who meet the criteria for housing but the housing fund is insufficient to provide.

8. In addition to ensuring compliance with labor policies, wages, and social benefits, PVCFC emphasizes external recruitment and internal talent development. The company has established several regulations aimed at enhancing workforce capabilities.

9. Activities focused on the mental well-being of employees are always emphasized, such as: giving gifts for birthdays, International Women’s Day (March 8), Vietnamese Women’s Day (October 20), organizing team-building activities to connect employees, supporting those facing difficult circumstances, and hosting cultural exchange and sports programs to create a supportive environment and foster unity within the company. PVCFC has successfully established a physical fitness model for employees and their families living in company housing through 19 sports clubs, including: Men’s/Women’s/Children’s Football, Men’s/Women’s Volleyball, Table Tennis, Basketball, Badminton, Tennis, Swimming, Aerobics, Gymnastics, Martial Arts, Running/Walking, Reading, English, Coaching, Chess.

10. Organizing various activities such as public cultural performances, company-wide sports events, and summer classes for employees’ children, including swimming, martial arts, dancing, chess,badminton, football, basketball, and the Kid Runs race. Additionally, the company hosts programs for the Mid-Autumn Festival, International Children’s Day (June 1), summer camps focused on music and painting, a night of Trinh Cong Son’s music, a MasterChef competition, Family Day, career exploration programs for employees’ children and high school students, as well as training programs for union staff.

11. Expert Policy: This policy aims to guide and establish a career development pathway for the company’s personnel, focusing on high-level technical expertise. It also seeks to attract and recruit talented individuals from the external job market.

12. Internship Program: Through this initiative, PVCFC has the opportunity to identify and engage passionate individuals with the necessary skills and professional competencies that align with the company’s goals and development strategy. By 2025, PVCFC plans to establish an “Internal Trainer Development Program” aimed at enhancing knowledge, skills, and leveraging the existing potential within the company.

EMPLOYEE TURNOVER AND RECRUITMENT RATE

GRI 401 - 1
(According to the consolidated report data)
EMPLOYEE TURNOVER RATIO

The trend in employee turnover has steadily decreased, with a total of: 26 EMPLOYEES

leaving the company this year. This represents a reduction of 21.21%
compared to the same period in 2022 and a decrease of 39.53%
compared to the same period in 2021. PVCFC has a stable and
cohesive workforce, reflecting the sustainability of its personnel.
Gender Breakdown:
Female: 6 out of 26 employees (23.08%)
Male: 20 out of 26 employees (76.92%)

NEW RECRUITMENT RATIO

The company saw an increase of 80 NEW EMPLOYEES

this year, marking a rise of 48.15% compared to the same period in 2022. The breakdown is as follows: Gender Breakdown:
Female: 23 out of 80 employees (28.75%, with no female managers added during this period) Male: 57 out of 80 employees (71.25%, including 3 male managers out of 48)

Turnover ratio by gender

Turnover ratio by age

Turnover ratio by region

New hire ratio by gender

New hire ratio by age

New hire ratio by region

DIVERSITY OF MANAGEMENT LEVELS AND EMPLOYEES (*)

GRI 405 - 1
(According to the consolidated report data)

Board ratio by gender

Management ratio by gender

Staff ratio by gender

Board ratio by age

Management ratio by age

Staff ratio by age

Maternity Leave in 2023
(According to the consolidated report data)
GRI 401 - 3
Total Employees on Maternity Leave 16 EMPLOYEES
Return and Retention Ratio: 100% of employees who took maternity leave in 2023 returned to work and were retained.