Masan believes in improving the livelihoods of members of the communities where we have operations and partnering with local residents.
In addition to being one of the largest taxpayers in the provinces where we have operations, we have been working directly with local people to promote job creation and improve their quality of life. Simultaneously, we believe in giving back to the communities where we operate through sustainable initiatives that empower people who are experiencing a variety of challenges.
To date, Masan Group contributed more than VND270 billion to support local residents and frontline workers in the fight against the COVID-19 pandemic. Our forms of contribution were extremely diverse, from in-kind contribution of medical supplies and equipment such as test kits, PPE, ventilators or essential necessities to in-cash donation of VND60 billion to the COVID-19 Vaccine Fund launched by the government. Since the first outbreak, essential products produced by Masan Group such as KOKOMI and OMACHI noodles, MEATDeli chilled meat, Ponnie sausage, Vinh Hao mineral water, etc. were quickly delivered to control posts, border posts, hospitals and isolation areas to support frontline workers in pandemic prevention and responses.
Masan Consumer presented 4 water purifiers to 4 primary and middle schools in Hau Giang (Phu Huu 3 and Phu Huu 4, Chau Thanh District) and Long An provinces (Thanh Hoa, Ben Luc District) in an amount of VND 500 million, helping teachers and students access clean water.
Our subsidiary located in Ha Son commune, MNS FARM Nghe An, established a scholarship fund for 110 pupils worth VND120 million.
During Government’s “Month of Action for Children”, Masan High- Tech Materials cooperated with the Department of Industry and Trade of Thai Nguyen province to present 20 bicycles to children and teenagers in extremely disadvantaged circumstances.
To that end, we have invested heavily on educational opportunities, construction of housing and infrastructure, vocational training, and mentoring.
Masan Group is committed to best-in-class governance system, policies and procedures, and corporate transparency via the governance committees prescribed by Vietnam law, such as our Board of Directors and Audit Committee besides foreign investor oversight.
Board of Directors: The Board of Directors is elected by shareholders to oversee the activities of the Company. Members of the Board of Directors meet regularly to discuss the strategic decisions raised by the Management Board. Details on the responsibilities of the Board are presented in the Board of Directors section.
Audit Committee: Audit Committee is a specialized unit under the Board of Directors. The Audit Committee, in addition to other rights and obligations, reviews the system of internal control and risk management, monitors the truthfulness of the Company's financial statements and performs other oversight activities to ensure that the Company complies with the regulatory provisions, regulators’ requirements and other internal regulations of the Company.
Strategy & Development Committee: This committee is chaired by the Company’s CEO and is comprised of the CEO and other key executives of our subsidiaries, Group CFO, Group HR Head, and Head of Strategy and Development. This committee develops and approves the short and long-term development strategies, projects, and flagship business plans of the various businesses and the overall Company; evaluate performance and propose necessary adjustments in implementing the annual business plans of the member companies; and operate the Company's shared operating platforms to ensure the highest efficiency of common resources.