The Company values the protection of the environment and society. We also choose companies with the same integrity. In addition to regular factory visits to assess the suitability of our suppliers, we also conduct annual evaluations of our existing vendors. In addition, all our suppliers abide by our honesty policy of not accepting gifts or commission and prohibiting transactions with related parties. If a supplier violates the policy, the Group will cease business relation immediately; this is to ensure reasonable quotations, the best quality, and the best service so that the Company and our suppliers can jointly strive to enhance corporate social responsibility.
The annual audit of quality system: All the suppliers providing raw materials and semi-finished products required in the production line are included in the audit; the assessment focuses on confirming the implementation status of the supplier’s quality system, and the audit results are graded accordingly.
Number of Existing Supplier Evaluated
| Level | Grade range description |
| A（≥85%） | The supplier’s system is good and needs to be maintained; the supplier reaches the standard as a supplier in Vietnam. |
| B（70-84%） | The supplier’s system is average and needs to be improved; the supplier reaches the standard as a supplier in Vietnam. |
| C（50-69%） | Improvements are required in six months, and then supplier would be continuously audited; the supplier would be disqualified if it fails to reach the B level. |
| D（<50%） | The supplier’s system is poo; the supplier is removed from the Vietnam system. |
Number of Existing Supplier Rating
| Item | Unit | 2023 | 2024 |
|---|---|---|---|
| Actual number of suppliers evaluated | Number | 122 | 127 |
| Planned number of suppliers to be evaluated | Number | 125 | 137 |
| Ratio | % | 98 | 93 |
Results of the Evaluating Existing Suppliers
| Level | Unit | 2023 | 2024 |
|---|---|---|---|
| A | Number | 96 | 104 |
| B | Number | 25 | 23 |
| C | Number | 1 | 0 |
| D | Number | 0 | 0 |
VPIC1 Supplier Social Responsibility Survey
Please refer to the content：KHẢO SÁT NHÀ CUNG CẤP VỀ VIỆC THAM GIA CÁC HOẠT ĐỘNG TRÁCH NHIỆM XÃ HỘI CÙNG VPIC1 NĂM 2025
Supplier Conference
At the end of each year, we hold a Supplier Conference to publicly recognize and appreciate the hard work of our supplier partners over the past year. Awards are presented in four categories: Delivery, Quality, Cost, and Outstanding Supplier, as a token of our gratitude for their contributions to VPIC1 in Vietnam. The 2025 Supplier Conference was held on January 11, with 330 participants from 167 companies in attendance. The award winners were:
- Best Cost: CSMV Company
- Best Cost: VNTec Compan
- Best Delivery: MinhDung Company
- Best Quality: QuangTrung Company
- Outstanding Supplier: Diamond Steel Pipe Company
