Masan High-Tech Materials among Vietnam’s 50 Best Performing Companies 2021

28-Jan-2022 Intellasia | VIR | 5:02 AM Print This Post

On January 14, Masan High-Tech Materials was honoured as one of the Best Performing Companies 2021 at the National Convention Centre. The award programme was co-hosted by Vietnam Report JSC and VietNamNet under the Ministry of Information and Communications.

Attending the award ceremony were Vietnam’s leading groups and companies that have successfully met the key selection criteria, such as being listed on the VNR500 for three consecutive years and having good capital efficiency, stable profit growth, and a strong commitment to corporate social responsibility.

Masan High-Tech Materials received the prestigious award thanks to its efforts in innovation and sustainability activities.

In 2021, the company has found its way to balance between ensuring the operations and continuously implementing many strategic steps. Its core values respect, innovation, and results remained the guiding principles for the development of the company.

Masan High-Tech Materials has grown its global market share regardless of the challenges caused by the pandemic.

Revenue for the first 11 months of 2021 was VND12 trillion ($521 million), contributing nearly $35 million to the state budget and creating jobs for nearly 2,000 workers with an average monthly income of around $550 per month.

Modern production technologies, strict management procedures, and community-based development policies, together with compliance with regulations on environmental protection, reforestation, and combatting climate change, were the highlights at Masan High-Tech Materials.

In addition, the company also supported social security and community development including providing social infrastructure for the communities, promoting agricultural extension activities and sustainable livelihoods for locals, as well as providing communal medical healthcare, clean water, and micro-finance and economic restoration funds for locals.

In 2021, Masan High-Tech Materials was also proud to be ranked among the top 50 Excellent Enterprises in Vietnam, top 100 Brands in Vietnam, and top 100 Sustainable Companies in Vietnam, among others. These prestigious awards have been a testament to Masan High-Tech Materials’ outstanding efforts in overcoming a year full of obstacles and difficulties and will be the drivers for the company to reach higher productivity and business goals.


Category: Business, Vietnam

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