corporate gavernance
CORPORATE GAVERNANCE
CASE OF VINGROUP JOINT STOCK COMPANY
After the economic crisis 2008 , many company bankrupted or closed in all areas . According to the statistics in Viet Nam had more than 79000 governance bankrupted in 2011, reduced to 58,000 in 2012 and 2013 increased more than 60 700 companies closed . Particular throughout the construction industry in 2013 at over 10,000 enterprises have ceased operations or solutions . However ,Vingroup is not only closed but also that business growth with high growth rates. So the question is :” How did Vingroup achieve such results, the issue of corporate governance in this?”
I. Introduction
1. History of Vingroup
Vingroup Joint Stock Company (Vingroup JSC), formerly known as Technocom, was first established in 1993 in Ukraine by an ambitious group of Vietnamese youth. Technocom started its business with food production and soon became hugely successful with the brand Mivina. In the early 21st century, Technocom was ranked among Ukraine’s Top 100 largest and most powerful enterprises. From 2000, Technocom – Vingroup returned to Vietnam with a desire to contribute to their motherland’s development.
With its long-term vision and perspective on sustainable development, Vingroup focuses on high-class tourism and real estate fields with two strategic brand names: Vinpearl and Vincom. Ten years after first coming back to Vietnam, Vincom became Vietnam’s No.1 brand-name in the real estate field, consisting of complexes of high-end shopping malls, offices and apartments in prime locations, which in turn created large modern urban complexes, and thus leading Vietnam’s trend of luxury smart eco-urban areas. As well, Vinpearl was the leader in the tourism industry with a series of international five-star and over hotels, resorts, beach villas, entertainment parks, golf courses.
In January 2012, Vinpearl JSC., was merged into Vincom JSC., forming Vingroup JSC. With a constant effort from the beginning, Vingroup has
CASE OF VINGROUP JOINT STOCK COMPANY
After the economic crisis 2008 , many company bankrupted or closed in all areas . According to the statistics in Viet Nam had more than 79000 governance bankrupted in 2011, reduced to 58,000 in 2012 and 2013 increased more than 60 700 companies closed . Particular throughout the construction industry in 2013 at over 10,000 enterprises have ceased operations or solutions . However ,Vingroup is not only closed but also that business growth with high growth rates. So the question is :” How did Vingroup achieve such results, the issue of corporate governance in this?”
I. Introduction
1. History of Vingroup
Vingroup Joint Stock Company (Vingroup JSC), formerly known as Technocom, was first established in 1993 in Ukraine by an ambitious group of Vietnamese youth. Technocom started its business with food production and soon became hugely successful with the brand Mivina. In the early 21st century, Technocom was ranked among Ukraine’s Top 100 largest and most powerful enterprises. From 2000, Technocom – Vingroup returned to Vietnam with a desire to contribute to their motherland’s development.
With its long-term vision and perspective on sustainable development, Vingroup focuses on high-class tourism and real estate fields with two strategic brand names: Vinpearl and Vincom. Ten years after first coming back to Vietnam, Vincom became Vietnam’s No.1 brand-name in the real estate field, consisting of complexes of high-end shopping malls, offices and apartments in prime locations, which in turn created large modern urban complexes, and thus leading Vietnam’s trend of luxury smart eco-urban areas. As well, Vinpearl was the leader in the tourism industry with a series of international five-star and over hotels, resorts, beach villas, entertainment parks, golf courses.
In January 2012, Vinpearl JSC., was merged into Vincom JSC., forming Vingroup JSC. With a constant effort from the beginning, Vingroup has