The Company has established the Salary Management Regulations and conducts annual salary and benefits surveys to provide competitive compensation. Starting salaries are equal for men and women, exceeding the local government’s minimum wage requirements. Compensation and benefits are not differentiated based on gender, age, nationality, physical or mental disability, race, or any other condition. Contributions to retirement funds and other statutory benefits comply with legal requirements. In addition to legally mandated social, medical, and unemployment insurance, employees have regular opportunities for promotions and salary adjustments each year to reward outstanding performance. Based on company performance and individual achievements, monthly performance bonuses and year-end bonuses are also granted. These measures help employees recognize their value, enhance their sense of accomplishment, and promote diverse employment and social stability.
Employee Benefits and Protection
| Bonuses | Monthly performance bonuses and year-end bonuses are paid depending on the Company’s operational performance and employee performance; employees are encouraged to submit company-wide improvement proposals, and bonuses are paid if proposals are effective in improving efficiency or reducing costs. |
| Leave Policy | One-day off per week, annual leave, paternity leave, six months of maternity leave, female colleagues’ menstrual leave/maternity leave. |
| Benefits | The Company provides social/medical/unemployment insurance. In addition, the Company cooperates with the labor union to hold various activities on important festivals. At the end of each year, there is a subsidy for annual departmental dinners. At the Vietnam factory, there are an employee cafeteria, a fitness room, a soccer field, a recreation center, and an employee parking lot. In addition to free meals, employees can use all equipment for free. The Company also regularly holds group activities including soccer and badminton tournaments, staff trips, and sports games. |
| Retirement Policy | In Vietnam, the retirement fund is part of the social insurance system. Employees contribute 8% of their insured salary each month, while the Company contributes 14%. The Company makes monthly contributions and pays the premiums to the local social insurance agency on behalf of employees. Upon reaching the statutory retirement age, employees can claim their retirement benefits from the social insurance agency. In 2024, the total social insurance contributions amounted to VND 4,897,729,800. |