SUSTAINABILITY LIVELIHOOD

Serving consumers with a purpose by Masan's corporate social responsibility

Talent
Environment
Livelihood

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.

Healthcare

We pay special attention to the health of our community, especially to financially disadvantaged patients who cannot afford their treatment fees.

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.

Education

In 2023, the CHIN-SU brand accompanied the Mountainous Underprivileged Student Fund to officially launch the Program "One million meals with meat for children in highland areas" with the goal of providing nutritional support for children in poorer areas and encouraging them to continue going to school. The total support budget from the CHIN-SU brand is 10 billion VND for the 2023 - 2024 school year.

Education plays an important role in poverty reduction and Masan has been a consistent supporter of scholarships and educational activities.

Community development

Masan believes that infrastructure development will empower the less fortunate for the longterm. To that end, over many years, we have invested heavily into social infrastructure, including health facilities, schools, vocational trainings, and mentoring programs.

To that end, we have invested heavily on educational opportunities, construction of housing and infrastructure, vocational training, and mentoring.

In 2022, MML invested close to VND700 million for social welfare activities and community development support, such as in-kind support for vulnerable households, the elderly and children in close partnership with the authorities of the locality where the Company operates, scholarships for high-school students, in-cash support for book publication.
MCH contributed VND1 billion for 1,000 eye surgeries for people of Binh Thuan and Kien Giang provinces.
From 2022 until now, WinCommerce has carried out many social security activities, contributing to supporting the daily lives of households in difficult circumstances. One of them is a program to donate rice and essential gifts to poor and near-poor households living in rural and suburban areas.

On average, each year, MHT invests approximately VND4.5 - VND5 billion in social security and community development activities such as: developing social infrastructure for the community; agricultural extension activities and sustainable livelihoods; public health, clean water and environmental sanitation; micro credit, capacity building and sponsorship, humanitarian and charity programs, among other, in the communes affected by Nui Phao project in particular and the province and district in general.


Corporate governance

Masan Group is committed to good governance, best-in-class policies and procedures and corporate transparency.

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.