[Solved] Assignment 1 - Unit 1: Business and Business Environment - Level 4

ASSIGNMENT 1 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 1: Business and Business Environment
Submission date 27/02/2023 Date Received 1st submission
Re-submission Date Date Received 2nd submission
Student Name Tran Thi Ngoc Tam Student ID BH01016
Class BA0602 Assessor name Bui Le Th
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of pla
making a false declaration is a form of malpractice.
Student’s signature Tam
Grading grid
P1 P2 P3 M1 M2

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Table of Contents
I. Introduction .................................................................................................................................................... 6
II. The characteristics, types and purposes of different areas of business organization ................................... 6
2.1: Private sector ......................................................................................................................................... 6
2.1.1: Definition of private sector ................................................................................................................ 6
2.1.2: Types and Characteristics of the private sector ................................................................................. 6
2.1.2.1: Sole proprietorships ......................................................................................................................... 6
2.1.2.2: Partnerships ...................................................................................................................................... 7
2.1.2.3: Limited liability company ........................................................................................................ 8
2.1.2.4.Joint stock company: .............................................................................................................. 10
2.1.3. Role of the private sector: ........................................................................................................ 11
2.1.4. Example of the private sector: ........................................................................................................... 12
2.2: Public sector ................................................................................................................................ 12
2.2.1: Definition of public sector .................................................................................................................. 12
2.2.2: Types of the public sector .......................................................................................................... 12
2.2.3. Characteristics of the public sector ........................................................................................... 13
2.2.4. Example of the public sector .................................................................................................... 14
2.3. Voluntary sector ......................................................................................................................... 14
2.3.1: Definition of voluntary sector .................................................................................................. 14

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2.3.2. Types of the voluntary sector ................................................................................................... 14
2.3.3. Characteristics of voluntary sector ........................................................................................... 15
2.3.4. The purpose ............................................................................................................................. 15
2.3.5. Example of the Voluntary sector .............................................................................................. 15
III. The size and scope of a range of different types of organizations in Vietnam ................................. 16
3.1. The size of range of different types of organizations in Vietnam .................................................. 16
3.1.1. Micro businesses ...................................................................................................................... 17
3.1.2. Small businesses ...................................................................................................................... 17
3.1.3. Medium businesses .................................................................................................................. 18
3.1.4. Large business .......................................................................................................................... 18
3.2. The scope of a range of different types of organizations in Vietnam ............................................ 19
3.2.1. Stakeholder ............................................................................................................................. 19
3.2.2. Shareholder ............................................................................................................................. 19
IV. The size and scope of Vietnam dairy products joint stock company and CNG Vietnam joint stock
commpany ........................................................................................................................................ 20
4.1. General infomation of Binh Minh Plastics Joint Stock Company ............................................... 20
4.2. Size ............................................................................................................................................. 22
4.2.1 Total Liabilities and Total Owners’s Equity ................................................................................. 22
4.2.2. The total revenue ..................................................................................................................... 24

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4.2.3. The updated total employees ................................................................................................... 24
4.2.4. The size of the Binh Minh Plastics accroding to Vietnamese regulations .................................... 26
4.3. The scope of Binh Minh Plastics Joint Stock Company .................................................................. 27
4.3.1. Vision ....................................................................................................................................... 27
4.3.2. Mission .................................................................................................................................... 27
4.3.3. Core value ................................................................................................................................ 27
4.3.4. Stakeholder mapping of Binh Minh Plastics .............................................................................. 28
4.4. Listen and harmonize the needs and expectations of the stakeholders of Binh Minh Plastics Joint
Stock Company .................................................................................................................................. 30
4.5. Organizational chart of the company and the functions of the departments ................................ 33
V. Conclusion ..................................................................................................................................... 39
VI. Referent ....................................................................................................................................... 39

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I.Introduction:
As a business analyst at Vietcombank Fund, I am writing this report for the purpose of In-depth research
on companies doing business in Vietnam. Specifically, I want to first analyze the main characteristics of the
types and purposes of business organizations with different legal structures, and then demonstrate that
the selected companies can be in Private, public or voluntary business sector. Second, I will outline the
size and scope of various types of organizations in Vietnam with specific examples such as Binh Minh
Plastics Joint Stock Company. With the above aspect, let's draw the conclusion that the company is a micro,
small, medium or large company according to Decree 80/2021 and determine stakeholders, vision and
mission of the company and then comment. The fit between the size, scope and goals of the company.
Finally, I go deep in research and coordination among internal departments in the company. From that, it
is concluded that Binh Minh Plastic Joint Stock Company is a company worth becoming a bright investment
targe or not.
II. The characteristics, types and purposes of different areas of business organization.
2.1: Private sector.
2.1.1: Definition of private sector
The private sector is the part of the economy where ownership and control of the organization is in the
hands of private individuals or groups and where profit-seeking is a central goal.
2.1.2: Types and Characteristics of the private sector
2.1.2.1: Sole proprietorships
A sole proprietorship is an agency owned by way of an person who is completely accountable for all his/her
property for all things to do of the business.( Luat doanh nghiep 2020)
- Ownership through character : One character is the proprietor of this. The required capital is
contributed via the sole proprietor. They oversee all operations in addition to being the company's owner.

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- Freedom of work and Quick Decisions: The man or woman does now not want to seek advice from
every person else due to the fact they are the proprietor themself. So, they are in a position to make swift
decisions.
- Unlimited Liability: When the belongings of his commercial enterprise are no longer ample to cowl
the money owed of their business, they have to use their non-public belongings to pay these debts.
- Enjoying Entire Profit: They work nonstop to develop and amplify their company, and they reap the
rewards.
- Absence of Government Regulation: Government guidelines do now not follow to a sole
proprietorship. In its creation, administration, or dissolution, there are no prison formalities that should
be followed.
2.1.2.2: Partnerships
A partnership is a kind of business enterprise in which the participants collectively habits business things
to do underneath a frequent company and are collectively and severally dependable for all money owed
of the company.( Lawyer Le Minh Truong 2021)
- There should be at least two contributors who are frequent proprietors of the company, doing
enterprise collectively beneath a frequent title (hereinafter referred to as time-honored partners). In
addition to standard partners, the employer might also have extra capital contributors.
• General partners: ought to be individuals, accountable with all their property for the
responsibilities of the company.( luat doanh nghiep 2020)
• Capital contributors: are groups or persons and are solely accountable for the company's
money owed inside the quantity of capital they have dedicated to make a contribution to the
company.( luat doanh nghiep 2020)
- Property legal responsibility regime:

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• General partners: have to be together and one by one dependable for all money owed
bobbing up from the company's operations. General companions have to be accountable with all
their belongings as nicely as the property they make a contribution to the business, they need to
limitless legal responsibility for all money owed of the member, the complete debt of the
enterprise.
• Capital-contributing members: are guilty for their capital contributions to the company.
Capital contributors are solely accountable for the total quantity of cash they invested in the agency
if a partnership in commercial enterprise experiences difficulties or losses.
- Capital of the partnership: A partnership's constitution capital is the complete quantity of property
that its founding participants have contributed or agreed to contribute. A partnership's participants can
also make a contribution capital in property different than these listed in the constitution of the company,
inclusive of gold, freely convertible overseas currencies, Vietnam dong, the price of land use rights, the
price of mental property rights, technology, and different assets.
- Raising capital of a partnership company: A partnership is now not allowed to difficulty any
securities in order to increase cash from the ordinary public. When extra constitution capital is required,
the commercial enterprise will elevate it with the aid of admitting new members, elevating the capital
contributions of every member, or noting a upward jab in the company's asset value.
- Legal fame and property liability: A partnership has prison reputation from the date it is granted
an organization registration certificates beneath the Enterprise Law 2020. When a partnership is
concerned in transactions, it has its very own belongings and is legally accountable for it. with these
belongings on an impartial foundation from the members, the organisation has impartial prison status.
2.1.2.3: Limited liability company
According to the Enterprise Law 2020, Limited legal responsibility agencies encompass one member
restrained legal responsibility organizations and two or extra participants restricted legal responsibility
companies.
- Limited legal responsibility organisation with two or extra members:

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• A restrained legal responsibility organisation with two or greater individuals is an
organization with between two and 50 participants who are agencies and individuals.
Members are responsible for money owed and different property responsibilities of the
business enterprise to the extent of the quantity of capital contributed to the enterprise.(
Luat doanh nghiep 2020)
• From the second the Certificate of Business Registration was once issued, a constrained
legal responsibility business enterprise with two or extra individuals has been legally
recognized.
• A constrained legal responsibility business enterprise with two or extra participants may
additionally no longer problem shares. Only in the tournament of conversion into a joint
inventory employer may also a confined legal responsibility organization with two or
greater participants difficulty shares.
• Bonds may also be issued through restricted legal responsibility businesses with two or
greater participants in compliance with this Law and different relevant laws; nevertheless,
the non-public placement of bonds is problem to the necessities of Articles 128 and 129 of
the Enterprise Law 2020.
• A restricted legal responsibility corporation with two or greater members' constitution
capital, when the organization applies to open for business, is the whole quantity of capital
the contributors have agreed to make a contribution and is targeted in the charter.
• Organizational shape and administration of the company: A confined legal responsibility
corporation with two or extra contributors has a Board of members, a chairman of the
Members' Council, a director or widespread director.( Luat doanh nghiep 2020)
- One member constrained legal responsibility companies:
• Single-member constrained legal responsibility corporation is an company owned
by means of an company or character (hereinafter referred to as the enterprise owner).
The employer proprietor is accountable for the company's money owed and different
property responsibilities to the extent of the company's constitution capital.( Luat doanh
nghiep 2020)

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• Similar to a confined legal responsibility agency with two or extra members, a single
member confined legal responsibility organisation additionally has prison reputation from
the date of issuance of the Certificate of Business Registration.
• A one-member constrained legal responsibility employer might also now not problem
shares, barring in the case of conversion into a joint inventory company.( Luat doanh nghiep
2020)
• A one-member confined legal responsibility business enterprise may additionally
trouble bonds in accordance with this Law and different applicable laws; the non-public
placement of bonds as prescribed in Articles 128 and 129 of the Enterprise Law 2020. ( Luat
doanh nghiep 2020)
• Charter capital of a one-member constrained legal responsibility agency when registering
for enterprise institution is the whole fee of property dedicated to make contributions by
way of the business enterprise proprietor and referred to in the company's charter.( Luat
doanh nghiep 2020)
2.1.2.4.Joint stock company:
- Joint oint stock company is an agency in which:
• Charter capital is divided into equal components known as shares.
• Shareholders can be companies or individuals; the minimal wide variety of shareholders is
three and there is no restrict to the most number.
• Shareholders are solely accountable for money owed and different property duties of the
business enterprise to the extent of the quantity of capital contributed to the enterprise.
• Shareholders have the proper to freely switch their shares to others.
- A joint-stock agency has felony popularity from the date of issuance of the Certificate of Business
Registration.
- A joint-stock organisation has the proper to trouble shares, bonds and different securities of the
company.
- Capital of joint inventory company: The constitution capital of a joint-stock organisation is the
complete par cost of shares of all kinds sold. Charter capital of a joint-stock employer when registering for

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enterprise institution is the complete par price of shares of all types which have been registered for buy
and recorded in the company's charter.
- Company shareholders: Shareholders are humans who are individuals of a joint inventory
corporation. Owners of at least one share in a organisation are regarded shareholders. There is no most
variety of shareholders allowed by means of law; solely that there have to be at least three shareholders
for a joint inventory company. This allows the joint inventory agency to extend its membership as
necessary.
- Legal status: The joint inventory association is completely legitimate. Debts owed with the aid of
the enterprise are its responsibility. If there are any civil or commercial enterprise conflicts, the
organisation may also file a lawsuit or shield a civil claim. Owning the company's very own property is legal.
Shareholders are solely approved to personal the company's shares, no longer its assets.
2.1.3. Role of the private sector:
The private sector plays an essential role in the economy's development. The specific functions include:
• Generating employment
Many businesses belong to the private sector because of the existing freedom to function independent of
the state, allowing for job creation in the community. This sector provides many career advancement
opportunities through job promotions and work experience. It employs a lot of skilled personnel in the
community.
• Promoting innovation
Businesses in the private sector stabilise prices by providing fair market conditions. It's a competitive field
where various companies strive to provide the best services at the most reasonable prices to attract
customers. Such competition can promote innovation. Innovation in the private sector can allow you to
create unique products and services, giving you an advantage over your competition and expanding your
customer base. Innovation may also help brand expansion and lead to lucrative opportunities.
• Assisting in economic development

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A working economy is a growing economy. The private sector can assist in economic development in
various ways, such as tax revenues and employment generation. Industrialisation in this sector can help
you increase the production of goods and services, leading to economic growth. A high employment rate
in a nation may allow growth through increased tax revenues. Introducing new industrial machinery and
the latest technology can promote economic growth by fostering industrialisation.
2.1.4. Example of the private sector:
Hoa Phat Group is Vietnam's leading private industrial manufacturing group. Producing steel and related
products such as coking coal, calcining iron accounted for 75% of revenue, which is the key business of the
Group. Business results in 2015 with revenue of 27,864 billion VND and profit after tax of 3,504 billion VND
– an increase of 30% and 24% respectively compared to 2014.
2.2: Public sector
2.2.1: Definition of public sector:
Pulic sector is the part of the economy under the control of government and its agencies and where the
state establishes and runs the different types of organization on behalf of its citizens and for their general
well-being.
2.2.2: Types of the public sector:
There are several public sector organizations, each with a unique set of duties and obligations. Some types
include:
• Executive Agencies
These organizations are directly responsible by the government and are for implementing policies and
initiatives. The Department of Education and the Environmental Protection Agency are examples.
• Independent Agencies
These organizations function independently from the government but are though seen as part of the
sector. The Federal Reserve and the National Aeronautics and Space Administration are examples (NASA).
• State-Owned Enterprises

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These entities are government-owned and operate as for-profit corporations. Examples of nationalized
businesses include electric and water utilities and public transportation services.
• Public-Private Partnerships
These organizations result from a partnership between the corporate and public sectors. The private
sector oversees day-to-day operations, while the public sector provides money and oversight. Examples
are public-private collaborations in infrastructure projects and public services like schools and hospitals.
• Local Governments
They are responsible for delivering services to residents within a certain geographic region. City councils,
county boards, and municipal administrations are examples.
• Nonprofit Organizations
Nonprofit organizations collaborate with the government to provide public goods and services. Examples
include organizations and nonprofits that support vulnerable populations with shelter and health care.
2.2.3. Characteristics of the public sector
Key traits of the public quarter are as follows:
• Organizations in the public region are owned and ruled with the aid of the government, as hostile to
personal folks or businesses.
• Such companies are frequently no longer pushed by means of income however as an alternative via
the want to grant the public with quintessential products and services.
• This region gives necessary commodities and offerings for the well-being of individuals, inclusive of
education, healthcare, and infrastructure.
• This area is financed by means of taxes residents pay rather of earnings from promoting merchandise
and services.
• The authorities regulates the non-public quarter via policies and policies to assurance that it features
in the pleasant pastime of residents.

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• The quarter redistributes assets thru modern taxes and social packages to decrease monetary
inequality and aid the disadvantaged.
2.2.4. Example of the public sector:
In April 1995, the Vietnam Posts and Telecommunications Corporation was established, a unit directly
under the Government and the General Department of Post and Telecommunications with the
international transaction name VNPT, officially separated from the function of house management.
country and become a unit of production, business, management, exploitation and provision of post and
telecommunications services.
In 2006, Vietnam Posts and Telecommunications Group was established under the Prime Minister's
Decision No. 06/2006/QD-TTg dated January 9, 2006 on the establishment of the parent company - Posts
and Telecommunications Group. Vietnam.
Vietnam Posts and Telecommunications Group (VNPT) is a company established and invested by the State
under the decision of the State.
2.3. Voluntary sector:
2.3.1: Definition of voluntary sector:
The Voluntary Sector (the third sector, nonprofit sector, and community sector) is regularly comprising of
corporations whose cause is to advantage and enrich society, except income as an intent and with little or
no authorities intervention.
2.3.2. Types of the voluntary sector:
• Non-governmental organization: The most distinguishing feature of a nonprofit organization stems
from its title: it is not for-profit. All funds generated by the organization are geared towards beneficiaries
with a focus on their social issues. Nonprofits range in size and reach, from smaller local and grassroots
organizations to international initiatives and globalization campaigns. Some notable examples of
nonprofits include Amnesty International, Doctors Without Borders, Oxfam, and Greenpeace.
• Social enterprise: Social enterprises sell goods or services that promote social, economic or
environmental goals. Social enterprises are structured like commercial enterprises, with business models,

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consumer bases, and revenue streams. Investing in organizations that strive for social good is part of an
increasingly popular initiative called 'Impact Investing'.
2.3.3. Characteristics of voluntary sector:
a. Characteristics of Social enterprise:
• It privileges social motion over profit.
• The decision or at least discount of issues of the community, social, or even world activity is proposed,
for the enchancment of human life.
b. Characteristics of non-governmental organization:
• Not part of the government, bureaucracy, or state.
• Not intended for profit.
• Community activities are not just for members like cooperatives.
2.3.4. The purpose:
a. The purpose of Social enterprise:
• Focus on community or environmental issues.
• Design operations to profit for both social impact and survival of the organization.
• Institutionalise impact and scale up for optimal eficiency and growth of a cause to maximize reach.
b. The purpose of non-governmental organization:
• Operational NGOs-aim to design and implenment projects to provide services.
• Advocacy NGOs-aim to influence policies or practices to defend or promote a particular cause.
2.3.5. Example of the Voluntary sector
The Alzheimer's Association is the main voluntary fitness company in Alzheimer's care, help and lookup in 1980 .
We work on a country wide and neighborhood degree to supply care and aid for all these affected with the aid of
Alzheimer's and different dementias. The Association is the main voice for Alzheimer's disorder advocacy, struggle
for fundamental Alzheimer’s lookup and care initiatives at the kingdom and federal level. The Alzheimer's

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Association is presently investing extra than $310 million in over 950 energetic best-of-field initiatives in forty eight
countries, spanning six continents.
III. The size and scope of a range of different types of organizations in Vietnam.
3.1. The size of range of different types of organizations in Vietnam.
Businesses can also fluctuate based on businesses of different sizes and scope, which is huge from a
commercial enterprise perspective. There are more or less 4 main types of enterprises in terms of size
components such as micro enterprises (66.84%), small enterprises (29%), medium enterprises (2.16%) and
large enterprises (2 %) have a special scope in their own set of business and professional environments.
Figure 1:Vietnam Companies structure
Source: author
According to Article 5 of Decree No. 80/2021/ND-CP of the Government: Detailing and guiding the
implementation of a number of articles of the Law on Supporting Small and Medium Enterprises
Figure 2: Table of Sizes in Vietnam (Decree 80/2021/ND-CP)
Vietnam Companies structure
by SIZE
Large businesses Medium businesses Small businesses Micro businesses

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3.1.1. Micro businesses:
Micro businesses are one of the types of businesses unit which is very small in size. According to decree
80/2021/NĐ-CP:
• Micro enterprises in the fields of agriculture, forestry and fishery; The industry and construction
sector employs an average of no more than 10 employees a year participating in social insurance and the
total annual revenue is not more than 3 billion VND or the total capital of the year is not more than 3
billion VND.
• Micro-enterprises in the field of commerce and services employing no more than 10 employees
per year on average with social insurance contributions and the total annual revenue is not more than 10
billion VND or the year's total capital is not more than 3 billions dong.
For example: Muong Then Cuisine One Member Limited Liability Company owned by Ms. Lo Thi Thong, a
company engaged in the business of agriculture and services, has 25 employees, including 10 people
participating in normal social insurance. army five. The company has a total capital of 2.5 billon VND.
3.1.2. Small businesses:
According to decree 80/2021/NĐ-CP:
• Small enterprises in the fields of agriculture, forestry and fishery; the industry and construction
sector employs an average of not more than 100 employees annually participating in social insurance and

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has a total annual revenue of not more than VND 50 billion or a year's total capital of not more than VND
20 billion, but not more than VND 20 billion. must be a micro-enterprise as prescribed in Clause 1 of this
Article.
• Small enterprises in the field of commerce and services employing employees with anaverage annual
social insurance participation of no more than 50 people and a total annual turnover of not more than
VND 100 billion or a year's total capital not exceeding VND 50 billion. dong, but not a micro-enterprise as
prescribed in Clause 1 of this Article.
3.1.3. Medium businesses:
According to decree 80/2021/NĐ-CP:
• Medium enterprises in the fields of agriculture, forestry and fishery; the industry and construction
sector employs an average of not more than 200 employees participating in social insurance per year and
the total annual revenue is not more than VND 200 billion or the total capital of the year is not more than
VND 100 billion, but not more than VND 100 billion. must be a micro-enterprise or a small enterprise as
prescribed in Clauses 1 and 2 of this Article.
• Medium enterprises in the field of commerce and services employing employees with an average
annual social insurance participation of no more than 100 people and a total annual turnover of not more
than VND 300 billion or a year's total capital not exceeding VND 100 billion dong, but not a micro-
enterprise, a small enterprise as prescribed in Clauses 1 and 2 of this Article.
3.1.4. Large business:
According to decree 80/2021/NĐ-CP:
• Large business in the fields of agriculture, forestry and fishery; the industry and construction sector
employs more than 200 people with annual social insurance contributions and the year’s total revenua is
more than 200 million VND, or the year’s total capital is more than 100 bilion VND.
• Large business in the fields of commerce and services employ more than 100 people per year on
average with more than 100 people participating in social insurance and the total annual revenue is more
than 300 bilion VND or the year’s total capital is more than 100 bilion VND.

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For example: For example, Vinamilk is the largest dairy company in Vietnam. Vinamilk employs 9,732
employees with annual social insurance contributions and total revenue in 2021 is 61, 012 billion VND or
total equity of 53.332 billion VND.
3.2. The scope of a range of different types of organizations in Vietnam.
3.2.1. Stakeholder:
Stakeholder can be an individual, a group of people or it can also be an organization that is affected,
indirectly or directly related to the success of a project. Stakeholders can include objects such as internal
members, suppliers, external investors, customers, regulators,…
Stakeholders may vary based on their involvement in the company. they can be internal or external:
• Internal stakeholders:
Internal stakeholders are within the organization. The project directly impacts them as they serve and are
employed by the organization that manages it. Internal stakeholders may include employees, owners,
board of directors, project managers, investors, etc.
• External stakeholders
External stakeholders are outside the organization and are indirectly affected by the project. They are
affected by the work of the organization but are not employees of the organization. These people can be
suppliers, customers, creditors, customers, intermediaries, competitors, society, government, etc.
3.2.2. Shareholder:
• Stakeholders are not the same thing as shareholders. A stakeholder can be a wide variety of people
impacted or invested in the project. For example, a stakeholder can be the owner or even the shareholder.
But stakeholders can also be employees, bondholders, customers, suppliers and vendors.
• A shareholder can be a stakeholder. A shareholder, though, is someone who has invested in a
corporation. That corporation might initiate projects in that the shareholder is also a stakeholder. Put
simply, shareholders are also stakeholders, but stakeholders are not always shareholders. That’s because

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a shareholder owns part of a public company through the purchase of stocks. A stakeholder has an interest
in the corporation’s overall performance, not stock performance.
IV. The size and scope of Vietnam dairy products joint stock company and CNG Vietnam joint stock
commpany:
4.1. General infomation of Binh Minh Plastics Joint Stock Company:
• Binh Minh Plastics Joint Stock Company (“the Company”) was converted from a State-owned
Enterprise into a Joint Stock Company in accordance with Decision No. 209/2003/QD-BCN dated 4
December 2003 of the Ministry of Industry.The Company’s shares have been officially traded on the
Vietnam stock exchange since 11 July 2006 with the code of BMP. The consolidated financial statements
of the Company comprise the Company and its subsidiary (collectively referred to as “the Group”)
and the Group’s interest in associates.
• The principal activities of the Company are to manufacture and trade civil and industrial products
from plastics and rubber; design, manufacture and trade molds for plastic and casting industry;
manufacture and trade machinery and equipment, supplies and sanitary equipment for construction and
interior decoration industry; consult and execute water supply and drainage works, yards and services of
chemical inspection, analysis and testing; trade, import and export raw materials, chemicals, supplies,
machinery and equipment for plastic, engineering, construction, water supply and drainage and
laboratory equipment.

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International name: BINH MINH PLASTIC JOINT STOCK COMPANY
Abbreviation: BM PLASCO
Tax code: 0301464823.
Address: 240 Hau Giang, Ward 09, District 6, Ho Chi Minh City, Vietnam
Phone: [phone]
Operating date: 2004-01-02
Managed by Ho Chi Minh City Tax Department.
Email: [e-mail]

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Website: https://www.binhminhplastic.com.vn/sitemap.aspx
4.2.Size:
4.2.1 Total Liabilities and Total Owners’s Equity:
• According to the annual report, until December 31, 2021, Binh Minh plastic’s Total Liabilities reached:
544,546,223,660 VND (five hundred forty-four billion five hundred forty-six million two hundred
twenty-three six hundred and sixty dong). As for Total Owners’s Equity, the level is: 2,293,474,780,117
VND ( two thousand two hundred and ninety three billion four hundred and seventy four million seven
hundred and eighty thousand one hundred and seventeen dong).
Figure 3: Total Liabilities and Total Owners’s Equity

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Source: Annual Report
4.2.2. The total revenue:
In 2021, Binh Minh plastic’s net revenue was VND 4,564 bilion; down 3% over the same period last year
when in 2020, net revenue reached VND 4,700 bilion.
In 2021, there are two prominent factors that have negatively affected BMP’s business results:
• The COVID-19 pandemic lasted all year, most potently in the third quarter disrupting
production and business. COVID-19 disrupted production and business, creating great
uncertainties and anxiety for employees.
• Instability in sourcing raw materials: Prices increased steeply and the supply was interrupted at
times due to impacts of the pandemic.
These are the two objective reasons why the production and business in 2021 did not achieve the targets
and have less favorable results than those in 2020.
Figure 4: The total revenue of Binh Minh plastic in 2021
Source: Annual Report
4.2.3. The updated total employees:

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a. Changes in functional departments:
In 2021, the Company established two new functional departments:
• Supply Chain Management (SCM): responsible for planning and coordinating resources throughout
the Company, from input to output.
• Operation Productivity Improvement (OPI): responsible for researching and applying innovations,
methods and equipment to increase labor productivity and improve other necessary issues in
production operations.
b. Headcount:
• 2019 (official) average headcount: 1.374
• 2020 (official) average headcount: 1.407
• 2021 (official) average headcount: 1.395
In 2021, the COVID-19 pandemic inflicted heavy impacts on all economic and social aspects. Its
complications caused continuous and unusual changes, which in turn posed major challenges to
businesses, including negative economic growth, broken supply chain, and a serious labor shortage.
Given the context, Binh Minh Plastics flexibly applied advanced management tools and made timely
adjustments, thus able to maintain the same level of labor productivity as in 2020.
Figure 5: Average employee salary

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Source: Annual Report
4.2.4. The size of the Binh Minh Plastics accroding to Vietnamese regulations:
Pursuant to Decree 80/2021/ND-CP stipulating the criteria for small, medium and micro enterprises in the
industrial sector are determined as follows:
• Micro enterprises in the fields of agriculture, forestry and fishery; The industry and construction
sector employs an average of no more than 10 employees a year participating in social insurance and the
total annual revenue is not more than 3 billion VND or the total capital of the year is not more than 3
billion VND.
• Small enterprises in the fields of agriculture, forestry and fishery; the industry and construction
sector employs an average of not more than 100 employees annually participating in social insurance and
has a total annual revenue of not more than VND 50 billion or a year's total capital of not more than VND
20 billion, but not more than VND 20 billion. must be a micro-enterprise as prescribed in Clause 1 of this
Article.

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• Medium enterprises in the fields of agriculture, forestry and fishery; the industry and construction
sector employs an average of not more than 200 employees participating in social insurance per year and
the total annual revenue is not more than VND 200 billion or the total capital of the year is not more than
VND 100 billion, but not more than VND 100 billion. must be a micro-enterprise or a small enterprise as
prescribed in Clauses 1 and 2 of this Article.
• Large business in the fields of agriculture, forestry and fishery; the industry and construction sector
employs more than 200 people with annual social insurance contributions and the year’s total revenua is
more than 200 million VND, or the year’s total capital is more than 100 bilion VND.
Thus, based on the annual report of Binh Minh Plastic Joint Stock Company in 2021:
- Size: Large
- Field of business: Agriculture, Forestry and Fishery, Industry and Construction
- Total capital: 2,838,021,003,777 VND (>100 billion VND)
- Total Employees: 1,395 persons (>200 persons)
- Total Revenue: 4,564,938,031,907 VND (> 200 billion VND)
4.3. The scope of Binh Minh Plastics Joint Stock Company:
4.3.1. Vision
- Maintaining the status as a leading enterprise in plastic building.
- Materials industry in Vietnam.
- Actively improving capacity for competition in the region and in the world.
4.3.2. Mission
- Providing products and services to meet the increasing demands of the market.
- Ensuring harmonization of interests of customers, employees, shareholders and the society.
4.3.3. Core value
- High consensus.
- Respect of the past.
- Strong development at the present.
- Confidence for the future.

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4.3.4. Stakeholder mapping of Binh Minh Plastics:
Figure 6: Stakeholder mapping
Source: author
Based on the map above:
- Keep Satisfied: In this group, the company that pleases them will benefit the company because they have
high power but little interest in the business.

29
• There are creditors here, they will support debt extension or reduce loan interest for the
company.
• Next is the suppliers: TPC Vina Plastic and Chemical Corporation Ltd, AGC Chemicals Vietnam
Co., Ltd,.... because the main activity of Binh Minh Plastic Joint Stock Company is to supply and
distribute products. plastic pipes and spare parts for all kinds of plastic pipes for water supply
and drainage, post and telecommunications, electricity, industrial and civil construction.
Therefore, it is important to pay close attention to these suppliers for good prices.
- Key players: This group is the people who are important to the company, their interest in the company is
high and have a direct influence on the company.
• The first is Chairman of the Board of Directors Mr. SAKCHAI PATIPARNPREECHAVUD . Together with
the Board of Directors, supervise the activities of the Board of Directors in performing the assigned
tasks in 2021 in accordance with the provisions of law, the Company's Charter, the Resolution of
the General Meeting of Shareholders and the Board of Directors. management. The Board of
Directors closely coordinated with the Board of General Directors to direct, implement and
comprehensively supervise all activities of the Company in order to implement the business plan
in 2021 according to the Resolution of the General Meeting of Shareholders.
• Next is Mr. NGUYEN HOANG NGAN Vice Chairman cum General Director. He together with the
Board of General Directors reported fully and promptly the implementation of the decisions and
directions of the Board of Directors at the meetings. The Board of Directors has made great efforts
in the management and organization of business activities of the Company in order to realize the
targets of the 2021 plan approved by the 2021 Annual General Meeting of Shareholders.
• Mr. WISIT RECHAIPICHITGOOL Member of the Board of Directors cum Deputy General Director of
Finance and Administration . He has been with the Administration Department in charge of the
financial affairs of the business, including financial planning, financial risk management, financial
reporting, as well as monitoring the development of the business. development of financial
strategies so that the company can perform at its best and stay financially secure.
- Keep information: In this group, they are all people who care a lot about the business but do not affect
the company and the company still has to keep their information.

30
• The first is the Vietnamese government: they will closely monitor the company when it encounters
illegal or unfavorable things for the company, related to the law.
• Next are subsidiaries and affiliates, because these companies will carry out common business
activities for the purpose of generating profits and distributing profits according to the ownership
ratio of each company.
• And finally, customers, this is the target group that the company must pay great attention to.
Because these are the people who directly affect the company's revenue.
- Minimum effort: Employees, this is a group of people that the company does not need to please and they
do not have high power in the company, but they still have a little influence over the company.
4.4. Listen and harmonize the needs and expectations of the stakeholders of Binh Minh Plastics Joint
Stock Company:
Stakeholders Demands & Expectations Binh Minh Plastics Joint Stock Company’s
actions
Chairperson - Multiple shares
-Long-term development
company
-Verify its function as a pioneer investor,
constructing a agency with complete
development, sturdy organizational structure, a
employer with a respectable brand.
- Strengthening community development,
increasing new agents, keeping the function of
main and reliable manufacturing and buying
and selling agencies in Vietnam.
- Trading in plastic pipe merchandise and plastic
pipe add-ons of all types for water grant and
drainage, electricity, industrial and civil

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construction, making an essential contribution
to the steady earnings of the Company.
- Made exact use of favorable market
conditions, managed running charges and
executed advantageous results.
Shareholders and
investors
-High stock price
- Easy to buy stock items
-Great developing company
Fully complying with the provisions of
regulation for listed organizations as nicely as
the Charter, the organization continually
respects, ensures the rights and treats all
shareholders equally, which include economic
rights, get admission to to statistics and take
part in a range of necessary choices of the
Company thru the full, public and timely
disclosure of statistics as prescribed.
- The Company additionally convened an
Extraordinary General Meeting of Shareholders
to searching for opinions on the approval for
shareholders no longer to have to lift out the
public bid technique when receiving the switch
of possession of shares of the company,
ensuing in the possession of shares. Owners
meet and exceed the stages required to be
publicly supplied for buy in accordance with the
law.
- The Company's things to do are carried
out on the precept of making sure the best
possible advantages for associated parties.

32
Suppliers and
partners
- Cooperation for development
-Sustainable growth
-Implement methods to improve commercial
enterprises throughout on the path of
harmonizing the interests of customers,
partners, shareholders, human resources and
sustainable values of the Company.
- In 2021, the supply of raw materials used in
the work of Binh Minh Joint Stock Company and
its member enterprises - usually plastic pipe
products and plastic pipe accessories, will be
managed and used fairly. mainly based on strict
management processes on raw materials,
regulations on consumption norms of raw
materials. In addition, we pay great attention to
investing in modern equipment and tools
according to a closed process, a mechanism to
treat waste water and waste at source.
- With the desire to contribute to improving the
environment, improving air quality, limiting
plastic waste and "greening" the planet.
Creditors - High interest rate
- Pay the debt evenly
- Actively negotiate with the bank to keep the
debt group unchanged and delay debt; Good
cash flow management, along with the lowest
possible interest rates.
Customer - Low price
- Good product quality
- the company has appropriate adjustment in
production scale so that the product is suitable
in both quality and price, innovates the method

33
of approaching customers; renovating
administrative tools; restructure the apparatus,
manage costs reasonably to continue to
operate effectively.
Employees - High earnings
- Many benefits
- Comfortable and dynamic
working environment
- The company always creates a professional,
dynamic, creative and humane working
environment so that employees can feel secure
to work and promote their strengths.
- Career advancement opportunities are fair to
everyone, determined by a clear and specific
human resource use plan.
- All employees in the system of Binh Minh
Plastic Company are given equal opportunities
to access and attend professional training
courses according to specific needs, suitable to
the nature of the job.
- For employees who have a lot of dedication,
capacity and achievements at work, they will be
trained and supplemented with professional
knowledge to hold management positions and
develop together with the company.
4.5. Organizational chart of the company and the functions of the departments:

Figure 7:Organization chart of Binh Minh Plastic Joint Stock Company

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- Shareholders' General Meeting:
Pursuant to the 2014 Enterprise Law, the General Meeting of Shareholders (GMS) is the highest decision-
making body of a joint-stock company, including all shareholders with voting rights (common
shareholders, rights shareholders). decision priority and other shareholders in accordance with the
company's charter.
The General Meeting of Shareholders holds an annual meeting once a year. In addition to the annual
meeting, the General Meeting of Shareholders may hold an extraordinary meeting and must hold an
annual meeting within 04 months from the end of the fiscal year. At the request of the Board of Directors,
the Business Registration Authority may extend the extension, but not more than 6 months from the end
of the fiscal year.
At the same time, the General Meeting of Shareholders has the following powers:
• Through the company's development orientation.
• To decide on the class of shares and the total number of shares of each class which are entitled to
offer for sale; decide on the annual dividend rate of each class of shares.
• Electing, dismissing and removing members of the Board of Directors and Supervisors.
• Decide to invest or sell assets with a value equal to or greater than 35% of the total value of assets
recorded in the company's most recent financial statement if the company's charter does not
stipulate a percentage or a value. other.
• Decide to amend and supplement the company's charter.
• Approving annual financial statements.
• Decide to buy back more than 10% of the total number of shares sold of each class.
• Review and handle violations of the Board of Directors and Control Board, causing damage to the
company and its shareholders.
• Decide to reorganize or dissolve the company.
• Other rights and obligations as prescribed by this Law and the company's charter.

36
- Administrative Council
Each department and agency in the company will have different rights and obligations. Talking about the
rights and obligations of the Board of Directors are:
• Make decisions on strategy, development plan and annual business plan of the company.
• Have the right to make recommendations on the types of shares and the total number of shares to
be offered for sale.
• The right to decide to offer new types of shares of the company within the number of shares
allowed to be offered for sale according to each type. Besides, they also have the right to raise
capital in other forms.
• The right to decide on the offering price of shares and bonds of the company.
• The right to decide on the repurchase of shares in accordance with regulations.
• The right to decide on investment plans and projects of the company within its competence.
• The right to decide on solutions for market development, marketing and technology in accordance
with the clear provisions in Clauses 1 and 3 of Article 120 of the Enterprise Law.
• The right to appoint, remove, dismiss, sign contracts or terminate contracts with the director,
general director or other important managers in the company in accordance with the company's
charter.
• The right to supervise and direct the director, general director or manager of the company on daily
work.
• Deciding on the structure of organizations, internal management regulations of the company,
making decisions on the establishment of subsidiaries, branches or representative offices...
• Proposing the reorganization, dissolution or bankruptcy of the company.
• Along with other rights and duties clearly stipulated in the Law on Enterprises and the Company's
Charter.
- The General manager:
General manager is the highest title of a company or business. Today's business units will all be run by a
general manager. The position of General Director is used in many countries around the world, but with

37
different meanings, under the supervision of the Board of Directors and responsible to the Board of
Directors for the exercise of rights and responsibilities. assigned service.
The General Director has many important duties in the company. It is this title that will manage and
supervise all activities of employees, leaders of departments, directly direct and meet with important
partners of the business.
- Control Board:
The Board of Supervisors approximately, captured and promptly recorded the Company's business
activities supervision as well as carried out its supervision. Consider the legality, order and procedures for
issuing Resolutions and Decisions of the Board of Directors and the Board of Directors from after the
Annual General Meeting of Shareholders in 2021 up to now in accordance with the provisions of law and
the Company. Appraising the completeness, legality and truthfulness of the business report, the
Company's 2021 financial statements audited.
Check the system, consistency and suitability of accounting, statistical and financial statements. Review,
check and evaluate the effectiveness and efficiency of the internal control system. To consult and make
recommendations to the Board of Directors and the Board of Directors on issues related to the Company's
operations from the period after the Annual General Meeting of Shareholders in 2021 until now.
- Finance and Accounting Department: is responsible for accounting for economic transactions arising in
the enterprise timely, fully and ensuring good service for all business activities of the enterprise.
Coordinate with relevant departments to support the business planning, annual financial plan. Besides,
finance and accounting also take on the role of managing financial investment, lending - debt repayment
at the enterprise.
-Human Resources Department: this department will screen and select the right employees for each
position, provide training programs to facilitate professional development, and promote employee
performance. through the capacity assessment process.
-Risk management & internal control department: This department will periodically review the
implementation situation to make appropriate strategic adjustments and action plans, which will be clearly

38
communicated in implementation meetings. planning, preliminary, summary of the system and meetings
at the parent company's office. And at the same time give possible risks and ways to overcome them.
-Business Department: the department that plays a key role in the business. The job of the department is
understood to be in charge of researching, developing and distributing products, approaching and
expanding the scope of markets and potential customers, developing strategies for the company's
business activities, from product production to market entry and customer relationship building. For the
common purpose of planning to develop sales and profits for the company, the Sales Department is the
connection center between other departments such as Marketing, Sales, etc.
-R&D Department: The R&D department will forecast and closely monitor the developments of the macro-
economic situation and the market in order to develop optimal business scenarios and respond promptly,
flexibly and effectively. fruit. And strengthen forecasting, system connection, information sharing Order
policy, optimal inventory, control gross profit, increase market share.
- Supply Chain Department: The supply chain department is the department that manages and supervises
all stages of the production process, starting from the procurement of raw materials to the product being
completed and delivered to the consumer. In addition, the responsibility of the supply chain department
is to ensure that the right products are supplied to the market, in sufficient quantities and must be
delivered on time according to the set plan.
- System administration department:
System administration to meet the needs of operating websites, applications and servers of enterprises in
the best way on the internet environment. Specifically:
• Against the risks of information disclosure, customer data, etc.
• Help sellers have more time to sell and distribute products/services.
• Detect errors and fix when there is a problem.
• Improve performance for website, server, hosting.

39
-Productivity and innovation department: is one of the important departments in helping the company
increase sales. The task of this department is to actively seek and implement solutions to improve
productivity, apply scientific and technological advances to production in order to promote labor
productivity and improve product quality.
-Example: Binh Minh Plastic Joint Stock Company is planning to launch high-class plastic pipes, improving
the flexibility and durability of plastic. From there, the departments will work together in harmony to
launch the product in the most perfect way.
- The Administration Department will research and find new products with high durability and flexibility to
help serve families and construction sites. Thereby producing products that meet the quality
requirements.
- The marketing department will research the market, analyze the market's needs, survey the prices of
competitors, thereby offering attractive prices to customers. In addition, the marketing department will
promote new products on information pages and websites so that consumers know about the product in
the most way.
Since then, the two departments have coordinated smoothly, creating new products with high sales and
high revenue for the company.
In short, departments need to have a clear process, coordinate with each other smoothly and closely to
achieve the desired goals, with high work efficiency.
V. Conclusion:
The report has studied the types, scale and scope, functions and organizational structure of businesses in
Vietnam. At the same time, also analyzed Binh Minh Plastic Joint Stock Company and according to Decree
80/2021 identified a large enterprise with a total capital of more than 2,838 bilion VND, Total Employees:
1,395 Person, and Total Revenue: 4,564 Bilion VND. And from this report, the company should plan in
detail and suitable for Binh Minh Plastic Joint Stock Company.
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