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Vietnams Most Productive 2011
- 2. Vietnam’s Most Productive Companies from Profiles International. Copyright 2011 by Profiles International. All rights reserved. No part of the report may
be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems without written permission from
the publisher.
Publisher
Profiles Research Institute
Dario Priolo, Managing Director
5205 Lake Shore Drive, Waco, Texas 76710-1732
Rick Yvanovich FCMA, FCPA (Aust.), National Director, Profiles International Vietnam
www.profilesvietnam.com
www.vietnamsmostproductive.com
Acknowledgements
President and Co-founder, Profiles International: Bud Haney
Editor-in-Chief: Dario Priolo
Managing Editor: Rick Yvanovich
Assistant Editor: Nguyen Dang, Diem Nguyen, Nhung Nguyen,
Translator: Diem Nguyen,
Creative Director: Kelley Taylor
Research Associate: Nhung Nguyen
Web Developers : Tung Pham, Phan Chau Truong An
www.vietnamsmostproductive.com
© 2011 Profiles International. All rights reserved. Vietnam’s Most Productive Companies | 2
- 3. Vietnam's Most Productive Companies–Human
“
Capital Analysis
Our second annual This study was initiated by Profiles International Vietnam to help us better understand
human capital the factors that drive employee productivity within an organization. We found that, even
in a changing economy, many organizations continue to thrive year after year.
analysis identifies
Productivity is a measure of output per unit of input. For purposes of this study, we
the most productive defined labor productivity in terms of revenue produced per full-time employee. To
calculate this, we analyzed financial data from over 676 publicly traded companies. We
companies by then organized the data into 21 industry groups and 12 sub-industry groups, identified
and compared newcomers and standing champions. We identified the companies that
industry and the ranked highest in each category and took a closer look at the practices that enable them
to out-produce their peers. By understanding these practices and the sustained high-
practices that help performance of the organizations, we help our clients run more efficiently and become
more competitive in the marketplace.
them outperform
This report presents our findings. It is divided into three parts:
their peers.
”
1. A recap and discussion of the top ten factors that drive productivity.
2. Practical suggestions to rise to Vietnam’s Most Productive Companies standards.
3. Lists of the top 10 companies in each of 22 Industry Groups and 12 sub-industry
groups, ranked by labour productivity.
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Vietnam’s Most Productive Companies | 3
© 2011 Profiles International. All rights reserved.
- 4. How we measure productivity
The Scope In economics, “productivity” is a measure of output per unit of input. This study focuses
specifically on labor productivity, defined as revenue produced per full-time employee or
full-time employee equivalent. This study covers only Vietnam-based companies.
676 Companies
In order to calculate productivity, we analyzed financial data from over 600 publicly
577,751 Employees traded companies in order to determine a company’s revenue and number of employees.
Once we had these two numbers, it was fairly simple to calculate a company’s labor
22 Industries productivity.
12 Sub-Industries
Some Expected Challenges
As expected, we did encounter some challenges that required us to make corrections and
assumptions along the way. For example, when necessary, we adjusted revenue to
minimize the impact of special events such as one-time sales of assets. Additionally, the
revenue reported in the financial statements is recognized revenue resulting from accrual
The Formula accounting. Recognized revenue is slightly different from sales.
Labor Productivity Comparing Apples to Apples
= We grouped companies into 22 industry groups and 12 sub-industry groups groups to
produce a more meaningful analysis. Our assumption is that companies competing in the
Adjusted Revenue same industry generally go about their business and recognize revenue in a similar
manner, while different industries have differing degrees of labor intensity. It is therefore
per difficult to draw meaningful conclusions by comparing labor productivity across different
Full-time Employee industries such as retail and financial services.
This means that the most meaningful measures included in the study are the rank
orderings and comparisons within each sub-industry group.
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Vietnam’s Most Productive Companies |30
© 2011 Profiles International. All rights reserved.
- 5. www.vietnamsmostproductive.com
VMPC Study Microsite
To learn more about this project,
which is the most comprehensive
study of human capital productivity of
its kind, please visit:
www.vietnamsmostproductive.com
On this website you will find:
• Comprehensive rankings
• Industry rankings
• Methodology description
• Answers to frequently asked
questions
You will also be able to download
many different reports, which are
listed on the next page.
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 5
© 2011 Profiles International. All rights reserved.
- 6. www.vietnamsmostproductive.com
VMPC Study Microsite
• Reports for download
- Animal Husbandry
- Automotive
- Chemistry
- Construction & Real estate
- Construction Materials
- Consumer Goods Production
- Electrical & Telecommunication
- Farming
- Financial Services
- Food Processing
- Furniture & Wood Processing
- Garments & footwear
- Goods Trading
- Manufacture of plastic, rubber and
paper products
- Manufacturing
- Natural Resources
- Post & Telecommunications
- Printing & Publishing
- Software & IT
- Tourism & Hospitality
- Transportation
- Other Services
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 6
© 2011 Profiles International. All rights reserved.
- 7. Vietnam’s Most Productive Companies
All Stars
Company Industry/Sub Industry
An Giang Coffee JSC Food Processing
Petrolimex Petrochemical JSC Oil & Gas
Ba Ria Thermal Power JSC Electricity
Sai Gon Cable Corporation Electrical & Telecommunication
Petro Viet Nam Fertilizer and Chemicals Corporation Chemicals
Cat Loi JSC Printing & Publishing
Binh Minh Plastics JSC Manufacture of plastic, rubber and
paper products
VMPC “All Stars” have TMT Automobile JSC Automobiles & Parts
achieved the first ranking Vinacomin - Nui Beo Coal JSC Coal
in their industry/ sub- Thanh Cong Textile Garment Investment Trading JSC Garments & footwear
industry for two
consecutive years, and
still managed to increase
year-over-year
productivity.
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Vietnam’s Most Productive Companies | 7
© 2011 Profiles International. All rights reserved.
- 8. Vietnam’s Most Productive Companies
Rising Stars
Company Industry/Sub Industry
Ca Mau Trading JSC Goods Trading
Pomina Steel Corporation Manufacturing
Petro Viet Nam Transportation Corporation Transportation
Tien Len Steel Corporation JSC Construction Materials
Petro Vietnam Low Pressure Gas Distribution JSC Oil & Gas services
Agribank Securities JSC Securities
Viet Nam National Reinsurance Corporation Insurance
Phu Nhuan Jewelry JSC Consumer Goods Production
VMPC “Rising Stars” Prudential Balanced Fund Fund Management
have achieved the first One Corporation Post & Telecommunications
ranking in their industry/ Dai Chau JSC Furniture & Wood Processing
sub-industry this year, Gia Lai Culture - Tourism JSC Tourism & Hospitality
overcoming last year’s
peers.
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Vietnam’s Most Productive Companies | 8
© 2011 Profiles International. All rights reserved.
- 9. Vietnam’s Most Productive Companies
Newcomers
Company Sub-Industry
Phat Dat Real Estate Development Corporation Construction & real Estate
Vimedimex Medi - Pharma JSC Pharmaceuticals
Nam Kim Steel JSC Construction Materials
GENTRACO Feed JSC Animal husbandry
Petro Capital Infrastructure Investment JSC Construction & real Estate
Central Vietnam Metal Corporation Construction Materials
Thai Hoa Viet Nam Group JSC Farming
IDJ International Financial Investment And Enterprise Development JSC Construction & real Estate
Vinafreight International Freight Forwarders JSC Transportation
Vinaconex Transportation JSC Transportation
VMPC “Newcomers” Saigon Machinery Spare Parts JSC Construction Materials
have achieved the top Hanoi Beer Trading JSC Food Processing
ten productivity Huu Nghi Vinh Sinh Mining and Mecanic JSC Construction Materials
PetroVietnam Power Services JSC Other Services
ranking in their
Viet Thang Feed JSC Animal husbandry
industry/sub-industry
Sacombank Securities JSC Securities
this year, their first
PetroVietnam Gas City Investment and Development JSC Oil & Gas
year in the study.
Electronics Communications Technology Investment Development Software & IT
Corporation
Vinh Khanh Cable Plastic Corporation Electrical & Telecommunication
Japan Vietnam Medical Instrument JSC Other Services
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 9
© 2011 Profiles International. All rights reserved.
- 10. Vietnam’s Most Productive Companies
Newcomers
Company Sub-Industry
Hanoi Building Commercial Joint Stock Bank Banking
Binh Thuan Hamico Mineral JSC Mining & Minerals
Vietnam Ocean Shipping JSC Transportation
Truong Long Engineering and Auto JSC Automobiles & Parts
Vinacafé Bien Hoa Joint Stock Company Food Processing
Nam Viet Commercical Joint Stock Bank Banking
Dong Thap Trading Corporation Farming
Post & Telecommunication Joint Stock Insurance Corporation Insurance
Network Infrastructure Services JSC Post & Telecommunications
Lamdong Pharmaceutical JSC Pharmaceuticals
VMPC “Newcomers” Cho Lon Water Supply JSC Oil & Gas
Ben Thanh Service JSC Other Services
have achieved the top
Mechanics Construction And Foodstuff JSC Farming
ten productivity
Dam Sen Water Park Joint Stock Company Other Services
ranking in their
KASATI JSC Software & IT
industry/sub-industry
Art Design & Communication JSC Printing & Publishing
this year, their first Vinacomin - Vang Danh Coal JSC Coal
year in the study. Van Lang Technology Development and Investment Joint Stock Company Software & IT
MINERAL AND MECHANICAL JSC Mining & Minerals
Bac Giang Exploitable Mineral JSC Coal
Vietnam Active Fund Fund Management
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 10
© 2011 Profiles International. All rights reserved.
- 11. Overview of Findings:
Attributes of Vietnam’s Most Productive Companies
Once we finished gathering and analysing the data that allowed us to rank Vietnam’s
Most Productive Companies, we completed some follow-up research on a number of
the most productive companies. This research helped us identify a number of best
practices that we believe explain outstanding productivity. These ten key attributes can
be further categorized into 5 “People Attributes” and 5 “Strategic and Operational
Attributes,” which are listed below:
People Attributes
1. Performance-driven culture
2. Effective managers
3. High employee utilization
4. High employee effectiveness
5. Encouragement of innovation
Strategic and Operational Attributes
6. Technological sophistication
7. Financial sophistication
8. Operational sophistication
9. Effective distribution channels
10. Marketing and brand sophistication
We will further explore each of the people attributes in the next several pages of this
report.
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Vietnam’s Most Productive Companies | 11
© 2011 Profiles International Vietnam. All rights reserved.
- 12. Vietnam’s Most Productive Companies: People Attributes
1. Performance-driven culture
Talking the talk and walking the walk
Organisational culture is defined by the attitudes, beliefs and values of an organization. It is an
important driver of employee behavior, particularly when employees are required to act on their
own initiative in a way that is consistent with a company’s objectives, culture and values.
Although a strong organizational culture is generally considered a positive attribute, it is not
sufficient to enhance productivity on its own.
A large number of Vietnam’s Most Productive Companies have built true performance–driven
cultures in which the entire workforce focuses its effort on achieving the results most important to
the organization. In such environments, a strong culture helps the firm operate like a well-oiled
machine, cruising along with outstanding execution and only occasionally requiring minor
adjustments.
Define the model and select people who fit
The leaders of Vietnam’s Most Productive Companies tend to have a consistent, shared
understanding of both the company’s current culture and its future culture. These leaders tend to
promote individual initiative and high levels of teamwork, both of which are essential ingredients for
achieving results.
Additionally, these leaders are likely to have defined the types of people who fit the company
culture. This helps them identify precisely the people for whom they are looking and then present
their culture and values to potential hires in order to evaluate fit. They are more likely to say “no”
to a highly qualified candidate who does not fit into the company culture.
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Vietnam’s Most Productive Companies | 12
© 2011 Profiles International. All rights reserved.
- 13. Building a Performance-driven Culture
Employees in Vietnam’s Most Productive Companies know with more
certainty how their job supports their company’s key goals
Actions for Rising to the VMPC Standard
1. Get crystal clear about the activities and the amount of that activity
necessary for the organization to achieve its overall objectives.
2. Translate these activities into job and performance requirements for
your managers and their people, being sure to get their input and
buy-in along the way.
3. Create tools to help your managers communicate these
requirements and track their team’s and individual team members’
progress toward these goals.
4. Seek direct input from front-line employees in the form of employee
surveys and 360-degree management assessments to determine if
the message is getting through.
5. Encourage open communication between employees and their
managers to clarify job requirements and to stop low-value work.
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Vietnam’s Most Productive Companies | 13
© 2011 Profiles International. All rights reserved.
- 14. Building a Performance-driven Culture
Vietnam’s Most Productive Companies are less likely to
tolerate poor performance.
Actions for Rising to the VMPC Standard
1. Leadership must start by sending a clear message that poor
performance is not acceptable in the organization. This often means
removing people who consistently underperform.
2. Leadership must establish reasonable goals for its managers and
people, provide the support to achieve these goals, and then build a
culture of “managing by the numbers.”
3. The organization must identify managers and leaders who have the
core behaviors needed to support a performance-driven culture.
Then commit to developing them to manage by the numbers and
coaching their people to achieve results.
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Vietnam’s Most Productive Companies | 14
© 2011 Profiles International. All rights reserved.
- 15. Vietnam’s Most Productive Companies: People Attributes
2. Effective managers
Effective managers = Success managers
An “effective” manager is more than a supervisor. He or she takes responsibility for ensuring that an
individual succeeds and that the team, department, or business unit achieves its expected results.
This is similar to the way successful coaches develop players in order to win games and
championships.
Similar to successful athletes, successful managers require both talent and skill. Managerial skills
can be developed through training, mentoring, and experience. But if a manager is void of natural
talent, then the odds that he will be successful diminish significantly.
The Most Productive Companies are typically more proactive than their peers when it comes to
identifying and developing effective managers. Common managerial success traits include:
Communication: Listens to others, processes information, communicates effectively
Leadership: Instills trust, provides direction, delegates responsibility
Adaptability: Adjusts to circumstances, thinks creatively
Relationships: Builds personal relationships, facilitates team success
Task Management: Works efficiently, works competently
Production: Takes action, achieves results
Development of Others: Cultivates individual talents, motivates successfully
Personal Development: Displays commitment, seeks improvement
Insight to enable coaching and success
The Most Productive Companies also give their managers the information and tools they need to
understand the capabilities and styles of their teams. This gives managers a solid foundation for
more effective coaching relationships.
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Vietnam’s Most Productive Companies | 15
© 2011 Profiles International. All rights reserved.
- 16. Improving Management Effectiveness
Coaching is more prevalent in Vietnam’s Most Productive Companies, but
there is significant room to improve across the board
Actions for Rising to the VMPC Standard
1. Identify managers through an assessment process who have the
behaviors and interests to be a successful manager.
2. Help managers understand the core behaviors, capabilities, and
preferences of the people who they manage so that they can focus
efforts and adapt their communication and management styles to
get the most from that individual.
3. Help managers develop the mindset that they will be more
successful if the people who they manage succeed so they become
vested in the success of that individual.
4. Invest in developing the fundamental coaching skills of managers
and developing a culture of coaching.
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Vietnam’s Most Productive Companies | 16
© 2011 Profiles International. All rights reserved.
- 17. Improving Management Effectiveness
Vietnam’s Most Productive Companies more proactively identify and
develop effective front-line managers
Actions for Rising to the VMPC Standard
1. Identify managers through an assessment process who have the
behaviors and interests to be a successful manager.
2. Help these prospective managers understand their core behaviors
that will either enable or impede their ability to be successful, and
then provide ideas to build on their strengths and minimize their
weaknesses.
3. Give these people the ability to develop their managerial skills
through managing special projects and smaller teams, gradually
building more responsibility as they gain skill and experience.
4. Provide 360-degree feedback from peers and subordinates to
identify and address potential managerial blind spots and career
derailers.
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Vietnam’s Most Productive Companies | 17
© 2011 Profiles International. All rights reserved.
- 18. Vietnam’s Most Productive Companies: People Attributes
3. Employee utilization
Establish clarity to run lean
Simply put, Vietnam’s Most Productive Companies do more with fewer people.
It starts at the top with a clear strategy that cascades into a properly designed organization with jobs
that execute the strategy efficiently. All jobs have clear descriptions and goals so that everyone
knows exactly what needs to get done and how. This ensures, for example, that three people are
never doing the work of two.
Vietnam’s Most Productive Companies closely monitor and benchmark personnel expenses. They
review requests to create new jobs with intense scrutiny and a healthy level of skepticism. They
expect people to arrive at work a little earlier and leave a little later, and they reassess priorities to
determine what work is most important and what activities can be streamlined because they don’t
add sufficient value.
In a traditional sense, they are more open to investing in technology and training if it reduces and/or
slows the growth of headcount.
Flexibility to adapt
Since many of these organizations run so lean, they are usually more flexible than their peers in
handling special circumstances such as special projects, peak demand periods and unplanned
employee absences. Full-time employees are cross-trained to cover for one another in times of
short-term need. The Most Productive Companies cultivate good sources of contract and temporary
labor and have good practices to ensure they deliver on what is expected.
Overall, these companies use superior talent management practices so that they can easily identify a
potential need for additional people. And they have efficient selection and on-boarding practices so
that new people become productive in a short amount of time.
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Vietnam’s Most Productive Companies | 18
© 2011 Profiles International. All rights reserved.
- 19. Optimizing Employee Utilization
Vietnam’s Most Productive Companies are more likely to
make good use of their employees’ abilities
Actions for Rising to the VMPC Standard
1. Know the core behaviors, capabilities, and interests of your
employees and make strong efforts to place them into jobs in which
they best fit.
2. Survey your employees to identify how the organization might use
their abilities better.
3. Identify opportunities to leverage these strengths, interests, and
capabilities on special assignments, projects, or teams.
4. Ensure that employees know when positions become open and
encourage them to apply if they fit, which will take better advantage
of the employee’s abilities.
5. Gather 360-degree feedback on managers to identify those who
consistently hold back their people.
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Vietnam’s Most Productive Companies | 19
© 2011 Profiles International. All rights reserved.
- 20. Optimizing Employee Utilization
Vietnam’s Most Productive Companies are more likely to run lean
and work their people harder
Actions for Rising to the VMPC Standard
1. Take a strategic view of staffing. Think carefully first about the
results that the organization needs to achieve and the departmental
goals needed to drive the results. Only then can you really assess
the actual work needed to achieve the goals and the people
necessary to do the work.
2. Monitor employee performance and satisfaction to help determine
if they really are overworked. High levels of absenteeism, injury,
excessive turnover, and missed performance targets can be key
indicators of sub-optimal staffing levels. Pay close attention to exit
interviews.
3. Consider temporary staffing or contracting out before adding
permanent staff. This will help you determine more precisely what
permanent staff you will need and give you more flexibility to make
your decision.
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Vietnam’s Most Productive Companies | 20
© 2011 Profiles International. All rights reserved.
- 21. Vietnam’s Most Productive Companies: People Attributes
4. Employee effectiveness
Set clear goals + inspect what you expect
Running lean is not the only thing a company must do in order to run well. Goals must be achieved
at the employee level so that results are observed at the organizational level. In the Most
Productive Companies, strategic objectives and goals are clearly defined at all levels of the company
and performance measures are closely aligned with strategy.
As a result, employees focus on the aspects of their jobs that matter most to the organization.
Right people in the right jobs…
Additionally, the Most Productive Companies always keep before them a clear picture of the type of
employee who has the best chance of succeeding in the role. They consider an employee’s fit with
the job, the team, and even the manager. And they use the characteristics displayed by high-
performing employees in each role as a model for prospective hires.
…with the experience, skills, and equipment to deliver
Although critically important, “fit” alone is not sufficient to ensure that an employee will be effective
in a job—experience and skills also factor largely into the formula. The Most Productive Companies
are more likely than their peers to identify the particular experience and skills needed for success
and then provide specific training to help employees close the ability gap.
These companies are more likely to employ techniques that involve ergonomic design and worker
comfort. This often reduces workplace injury and improves employee satisfaction, both of which
enhance effectiveness and productivity.
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Vietnam’s Most Productive Companies | 21
© 2011 Profiles International. All rights reserved.
- 22. Maximizing Employee Effectiveness
Workers in Vietnam’s Most Productive Companies are more likely to
understand how their job performance is judged
Actions for Rising to the VMPC Standard
1. Develop a mindset that employee performance management is a
continual process between an employee and their manager and not
an annual event related to determine a minuscule base-pay
increase.
2. Establish clear goals with each employee and a clear understanding
of how their efforts and achievements contribute to the
organization’s objectives and results.
3. Ensure managers use these goals continually to facilitate regular
dialog with employees to improve their performance and hold them
accountable for results.
4. When employees underperform, diagnose the issue’s root cause and
create a mutual plan to get back on track.
5. Recognize employees publically when they outperform.
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Vietnam’s Most Productive Companies | 22
© 2011 Profiles International. All rights reserved.
- 23. Maximizing Employee Effectiveness
Vietnam’s Most Productive Companies are more likely to provide effective
training to employees so they can perform at their best
Actions for Rising to the VMPC Standard
1. Use objective assessments to identify and prioritize the
developmental needs of individuals.
2. Avoid a “one-size-fits-all” approach to training and development,
such as forcing all employees through the same program. If the
training isn’t relevant, then it won’t be of much value to participants.
3. Avoid event-based training, such as a two-day live class, that has
little or no back-end reinforcement activity or no accountability for
real sustained change.
4. Consider innovative developmental approaches such as virtual
classrooms and mentoring. Be mindful that each serves a different
purpose and these must be aligned with the individual’s needs.
5. Inspect what you expect. If you make a training investment in an
individual, make sure it is tied to a specific goal and monitor
progress of that goal to hold the individual accountable for
improvement.
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Vietnam’s Most Productive Companies | 23
© 2011 Profiles International. All rights reserved.
- 24. Vietnam’s Most Productive Companies: People Attributes
5. Innovation
A series of singles or a home run?
The word “innovation” often evokes images of secret laboratories, major breakthroughs, and home-
run products. Most productivity gains, however, are the result of incremental improvements to—
and fine tuning of—existing business processes. Although the home runs grab the headlines, the
singles, doubles, and walks can add up to significant gains over time with a much lower investment.
The Most Productive Companies are likely to encourage an exchange of ideas among employees,
managers, and leaders to make the business more competitive. When employees and managers
have open lines of communication, employees become more invested in the organization’s well-
being.
Actions speak louder than words
Open communication and a spirit of teamwork are essential to identifying innovation opportunities.
Engagement and productivity actually suffer, however, when the organization sets expectations and
then fails to deliver on recommendations.
The Most Productive Companies typically do a better job of putting ideas into action than their
peers. This is possible because they run with fewer employees and continually innovate. As we
mentioned before, they typically add employees only when absolutely necessary.
Management is attuned to improvement opportunities and leadership makes investment decisions
quickly when a compelling case can be made for investing in new opportunities.
In short, innovation is everyone’s business, not just that of the R&D department.
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Vietnam’s Most Productive Companies | 24
© 2011 Profiles International. All rights reserved.
- 25. Unlocking Innovation
Vietnam’s Most Productive Companies are more likely than their peers to
encourage risk taking
Actions for Rising to the VMPC Standard
1. Through effective internal communications, help managers and
employees understand the organization’s key strategic objectives.
Limit these objectives to a manageable number (5-7) very concisely
defined statements. Let them know they need to be part of the
solution and that their input is highly valued.
2. Leverage the power of social networks to facilitate open dialog and
idea exchange from all employees.
3. Use 360-degree assessments to determine how receptive your
current managers are to operating under these “open dialog”
conditions and identify how well they and their employees are with
the key objectives.
4. Foster a culture of trust, openness, and prudent risk-taking. Use
managers who you know thrive under these conditions as a model
for selecting future managers.
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 25
© 2011 Profiles International. All rights reserved.
- 26. Unlocking Innovation
Vietnam’s Most Productive Companies are more innovative in
adapting to change
Actions for Rising to the VMPC Standard
1. Getting information in a timely and truthful manner that gives early
indications if and when change is necessary, and what kind of
change is necessary.
2. Building a culture that is focused on action and results as opposed to
command, control, and complacency.
3. Communicate regular updates of important change programs and
publicize examples of the small things that employees have done or
can do to help the company adapt to change.
4. Select employees who are comfortable with and thrive on change
and share the need to continually evolve—or get left behind.
5. Get ahead of the curve by encouraging employees to learn about
new developments in society and how these may impact the
organization in the future.
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Vietnam’s Most Productive Companies | 26
© 2011 Profiles International. All rights reserved.
- 27. Summary of Lessons Learned:
People Attributes of Vietnam’s Most Productive Companies
1. Performance-driven cultures where actions and results speak louder than words.
2. Clearly defined attributes of people who fit their culture, which they use to support hiring decisions.
3. Proactively identify and develop effective front-line managers.
4. Invest in information and tools to help front-line managers better understand their people and succeed.
5. Clearly align roles and responsibilities with the goals and organization necessary to execute strategy.
6. View requests to add headcount with healthy skepticism, and only after exhausting good alternatives.
7. Employees have clear goals to help them focus on the outcomes that matter most to the organization.
8. Employees have the right “fit” for their jobs, as well as proper experience, skills, and equipment to perform.
9. Innovation results from incremental improvements to, and fine tuning of, existing strategy and processes.
10. Failure is not discouraged, and open communication, teamwork, and risk taking help drive innovation leaps.
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© 2011 Profiles International. All rights reserved. Vietnam’s Most Productive Companies | 27
- 29. Vietnam’s Most Productive Companies 2011
Industry: Animal husbandry
Animal husbandry
1 GENTRACO Feed JSC
2 Viet Thang Feed JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 31. Vietnam’s Most Productive Companies 2011
Industry: Automotive
Automobiles & Parts
1 TMT Automobile JSC
2 Truong Long Engineering and Auto JSC
3 Da Nang rubber JSC
4 Giai Phong Motor JSC
5 The Southern Rubber Industry JSC
6 CMC Investment JSC
7 Sao Vang Rubber JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 33. Vietnam’s Most Productive Companies 2011
Industry: Chemistry
Chemicals
1 Petro Viet Nam Fertilizer and Chemicals Corporation
2 H.A.I Agrochem JSC
3 General Materials Biochemistry Fertilizer JSC
4 Can Tho Pesticides JSC
5 Viet Tri Chemical JSC
Pharmaceuticals
1 Vimedimex Medi - Pharma JSC
2 Viet Nam Fumigation JSC
3 SPM Corporation
4 Mekophar Chemical Pharmaceutical JSC
5 Imexpharm Pharmaceutical JSC
6 Lamdong Pharmaceutical JSC
7 Hau Giang Pharmaceutical JSC
8 Domesco Medical Import Export JSC
9 Alphanam JSC
10 Cuu Long Pharmaceutical JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 34. Construction and Real Estate
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© 2011 Profiles International. All rights reserved.
- 35. Vietnam’s Most Productive Companies 2011
Industry: Construction and Real Estate
Construction and Real Estate
1 Phat Dat Real Estate Development Corporation
2 Tan Tao Investment Industry Corporation
3 Vietnam Construction and Import-Export JSC
4 Tu Liem Urban Development JSC
5 Petro Capital Infrastructure Investment JSC
6 Khang Dien House Trading and Investment JSC
7 HoaBinh Construction and Real Estate Corporation
8 IDJ International Financial Investment And Enterprise Development JSC
9 Song Da - Thang Long JSC
10 Kinh Bac City Development Share Holding Corporation
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 37. Vietnam’s Most Productive Companies 2011
Industry: Construction Materials
Construction Materials
1 Tien Len Steel Corporation JSC
2 SMC Investment-Trading JSC
3 Nam Kim Steel JSC
4 Viet Nam Germany Steel Pipe JSC
5 Central Vietnam Metal Corporation
6 Produce and Trading Metal JSC
7 Saigon Machinery Spare Parts JSC
8 Huu Nghi Vinh Sinh Mining and Mecanic JSC
9 Huu Lien Asia Corporation
10 Cement Trading JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 39. Vietnam’s Most Productive Companies 2011
Industry: Consumer Goods Production
Consumer Goods Production
1 Phu Nhuan Jewelry JSC
2 Ngo Han JSC
3 Ha Noi Education Development and Investment JSC
4 Son Ha International Corporation
5 Educational Book JSC in Hanoi City
6 Mirae JSC
7 Traphaco JSC
8 Binh Duong Trade and Development JSC
9 Education Cartography and Illustration JSC
10 Lix Detergent JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 41. Vietnam’s Most Productive Companies 2011
Industry: Electrical and Telecommunication
Electrical and Telecommunication
1 Sai Gon Cable Corporation
2 Thang Long Telecommunications JSC
3 Vinh Khanh Cable Plastic Corporation
4 Telecommunications Industry Electronics JSC
5 Refrigeration Electrical Engineering Corporation
6 FPT Corporation
7 Dry Cell and Storage Battery JSC
8 Lu Gia Mechanical Electric JSC
9 Nagakawa Viet Nam JSC
10 Viettronics Tan Binh JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 43. Vietnam’s Most Productive Companies 2011
Industry: Farming
Farming
1 Thai Hoa Viet Nam Group JSC
2 Dong Thap Trading Corporation
3 Southern Seed JSC
4 Mechanics Construction And Foodstuff JSC
5 Phuoc Hoa Rubber JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 45. Vietnam’s Most Productive Companies 2010
Industry: Financial Services
Banking
1 Hanoi Building Commercial Joint Stock Bank
2 Asia Commercial Bank
Vietnam Joint Stock Commercial Bank for Industry and
3
Trade
4 SaHa Bank
5 Joint Stock Comercial Bank for Foreign Trade of Viet Nam
6 Vietnam Export Import Commercial Joint Stock Bank
7 Sai Gon Thuong Tin Commercial JSC
8 Nam Viet Commercical Joint Stock Bank
Fund Management
1 Prudential Balanced Fund
2 Viet Nam Securities Investment Fund
3 Manulife Progressive Fund
4 Viet Nam Blue-chips Fund
5 Vietnam Active Fund
www.vietnamsmostproductive.com
Vietnam’s Most Productive Companies | 45
© 2011 Profiles International. All rights reserved.
- 46. Vietnam’s Most Productive Companies 2011
Industry: Financial Services
Securities
1 Agribank Securities JSC
2 Sacombank Securities JSC
3 Sai Gon Securities Inc.
4 Kim Long Securities Corporation
5 Ho Chi Minh City Securities Corporation
6 Sai Gon - Ha Noi Securities JSC
7 Vndirect Securities Corporation
8 Vincom Securities JSC
9 Asia Pacific Securities JSC
10 Vietin Bank Securities
Insurance
1 Viet Nam National Reinsurance Corporation
2 Petrovietnam Insurance JSC
3 Post & Telecommunication Joint Stock Insurance Corporation
4 Bao Minh Insurance Corporation
5 Bao Viet Holdings
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 48. Vietnam’s Most Productive Companies 2011
Industry: Food Processing
Food Processing
1 An Giang Coffee JSC
2 Thu Duc Trading and Import Export JSC
3 Hanoi Beer Trading JSC
4 Viet Nam Dairy Products JSC
5 Tuong An Vegetable Oil JSC
6 Kinh Do Corporation
7 Societe de Bourbon Tay Ninh JSC
8 Bien Hoa Sugar JSC
9 Sai Gon Beverages JSC
10 Vinacafé Bien Hoa JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 49. Furniture and Wood Processing
www.vietnamsmostproductive.com
© 2011 Profiles International. All rights reserved.
- 50. Vietnam’s Most Productive Companies 2011
Industry: Furniture and Wood Processing
Furniture and Wood processing
1 Dai Chau JSC
2 Truong Thanh Furniture Corporation
3 Savimex Corporation
4 Hapaco Group JSC
5 Duc Thanh Wood Processing JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 52. Vietnam’s Most Productive Companies 2011
Industry: Garment and Footwear
Garment and Footwear
1 Thanh Cong Textile Garment Investment Trading JSC
2 Sai Gon Garment Manufacturing & Trade JSC
3 Northern Textiles and Garments JSC
4 TNG Investment and Trading JSC
5 Phu Thinh - Nha Be Garment JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 54. Vietnam’s Most Productive Companies 2011
Industry: Goods Trading
Goods Trading
1 Ca Mau Trading JSC
2 Phuc Tien Trade Manufacture JSC
3 Petrolimex International Trading JSC
4 Thien Nam Trading & Import - Export JSC
5 An Pha Sai Gon Petrol JSC
6 Petro Vietnam Southern JSC
7 Petro Viet Nam Northern Gas JSC
8 Nam Vang Corporation
9 Cement Materials and Transportation JSC
10 Foreign Trade Development and Investment JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 55. Manufacture of plastic, rubber and paper products
www.vietnamsmostproductive.com
© 2011 Profiles International. All rights reserved.
- 56. Vietnam’s Most Productive Companies 2011
Industry: Manufacture of plastic, rubber and paper products
Manufacture of plastic, rubber and paper products
1 Binh Minh Plastics JSC
2 Vien Dong Investment Development Trading Corporation
3 Tien Phong Plastic JSC
4 Dong Hai JSC of Ben Tre
5 Tan Tien Plastic Packaging JSC
6 Rang Dong Plastic JSC
7 Sai Gon Plastic Packing JSC
8 Tan Phu Plastic JSC
9 But Son Cement Packing JSC
10 Bien Hoa Packaging JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 58. Vietnam’s Most Productive Companies 2011
Industry: Manufacturing
Manufacturing
1 Pomina Steel Corporation
2 Ho Chi Minh City Metal Corporation
3 Viet Nam Italy Steel JSC
4 Taya (Viet Nam) Electric Wire and Cable JSC
5 Sacom Development and Investment Corporation
6 Dai Thien Loc JSC
7 Low Current - Telecom JSC
8 Hoa Phat Group JSC
9 DaNa - Y Steel JSC
10 Central Area Electrical Mechanical JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 60. Vietnam’s Most Productive Companies 2011
Industry: Natural Resources
Coal Oil and Gas Services
1 Vinacomin - Nui Beo Coal JSC 1 Petro Vietnam Low Pressure Gas Distribution JSC
2 Vinacomin Deo Nai Coal JSC 2 Petro Viet Nam Drilling and Well Services JSC
3 Vinacomin - Coc Sau Coal JSC 3 Vinashin Petroleum Investment and Transport JSC
4 Vinacomin - Cao Son Coal JSC 4 Petro Viet Nam General Services JSC
5 Petro Viet Nam Technical Services Corporation
5 Vinacomin - Ha Tu Coal JSC
6 Drilling Mud JSC
6 Vinacomin - Vang Danh Coal JSC
7 Petroleum Pipeline and Tank Construction JSC
7 Vinacomin - Mong Duong Coal JSC
8 Petroleum Equipment Assembly and Metal Structure JSC
8 Ha Lam TKV Coal JSC
9 Bac Giang Exploitable Mineral JSC
Oil and Gas
1 Petrolimex Petrochemical JSC
2 PetroVietnam Gas City Investment and Development JSC
3 Petrolimex Gas JSC
4 Cho Lon Water Supply JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 61. Vietnam’s Most Productive Companies 2011
Industry: Natural Resources
Electricity Mining and Minerals
1 Ba Ria Thermal Power JSC 1 Binh Thuan Hamico Mineral JSC
2 Vinh Son - Song Hinh Hydropower JSC 2 Cavico Industry and Minerals JSC
3 Pha Lai Thermal Power JSC 3 Hamico Group Mineral JSC
4 Thac Mo Hydro Power JSC 4 Ha Giang Mineral and Mechanics JSC
5 Can Don Hydro Power JSC 5 Na Ri Hamico Mineral JSC
6 Khanh Hoa Power JSC 6 Binh Dinh Minerals JSC
7 Lilama 3 JSC 7 Quang Nam Mineral Industry Corporation
8 Thac Ba Hydropower JSC 8 MINERAL AND MECHANICAL JSC
9 Ninh Binh Thermal Power JSC 9 Manganese Mineral JSC
10 Nam Mu Hydropower JSC 10 Bac Kan Mineral JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 63. Vietnam’s Most Productive Companies 2011
Industry: Post and Telecommunication
Post and Telecommunication
1 One Corporation
2 Ocean Group JSC
3 Telecommunication Technical Services
4 Network Infrastructure Services JSC
5 VTC Communications JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 65. Vietnam’s Most Productive Companies 2011
Industry: Printing and Publishing
Printing and Publishing
1 Cat Loi JSC
2 Phuong Nam Education Investment and Development JSC
3 Agriculture Printing and Packing JSC
4 Hung Yen Book Publishing and Educational Equipment
5 Art Design & Communication JSC
6 Textbook Printing JSC In Ho Chi Minh City
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 67. Vietnam’s Most Productive Companies 2011
Industry: Software and IT
Software and IT
Electronics Communications Technology Investment Development
1
Corporation
2 CMC Corporation
3 KASATI JSC
4 Van Lang Technology Development and Investment JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 69. Vietnam’s Most Productive Companies 2011
Industry: Tourism and Hospitality
Tourism and Hospitality
1 Gia Lai Culture - Tourism JSC
2 Phuong Dong Petroleum Tourism JSC
3 Tay Ninh Cable Cartour Company
4 Vinpearl JSC
5 Sai Gon Hotel Corporation
6 Viet Nam Golf Tourism JSC
7 Sara Viet Nam JSC
8 Royal International Corporation
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 71. Vietnam’s Most Productive Companies 2011
Industry: Transportation
Transportation
1 Petro Viet Nam Transportation Corporation
2 Vinafreight International Freight Forwarders JSC
3 Vinaconex Transportation JSC
4 Viet Nam Tanker JSC
5 Viet Nam Petroleum Transport JSC
6 Tan Cang Logistics and Stevedoring JSC
7 Sai Gon Beer Transportation JSC
8 The Foreign Trade Forwarding and Transportation JSC
9 Vietnam Ocean Shipping JSC
10 South Logistics JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 73. Vietnam’s Most Productive Companies 2011
Other Services
Other Services
1 PetroVietnam Power Services JSC
2 Vinaconex Trading & Manpower JSC
3 Japan Vietnam Medical Instrument JSC
4 The Vegetexco Port JSC
5 Dinh Vu Port Investment & Development JSC
6 Petro Viet Nam Investment Consultancy and Engineering JSC
7 Ben Thanh Service JSC
8 Song Da International Manpower Supply and Trading JSC
9 Tai Nguyen Corporation
10 Dam Sen Water Park JSC
All Star Rising Star Newcomer
* Listed are the top 10 companies in this industry, ranked by labour productivity.
www.vietnamsmostproductive.com All Winners companies (top 3) are highlighted.
© 2011 Profiles International. All rights reserved.
- 74. imagine great people™
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