Masan Group Corporation wins the Community Initiative Award at the 2021Asia Corporate Excellence and Sustainability Awards (Photo courtesy of Masan)
Hanoi (VNA) – Masan Group Corporation has obtained the Community InitiativeAward at the 2021 Asia Corporate Excellence and Sustainability Awards.
The awards honour companies and individuals in Asia across avariety of leadership and corporate social responsibility categories, with theCommunity Initiative Award given to organisations that make great contributionsto creating development opportunities for communities through their initiativesand approaches.
The winners are chosen based on growth, human resources,creativity, and brand influence in Asia and their commitment to sustainabledevelopment goals.
In its eighth year now, the a🅘ward saw 154 finalists selectedfrom 420 nominations from 15 countries.
Masan is knownas the leading consumer goods and retail corporation in Vietnam with a marketcapitalisation of 8 billion USD. The company said it considers sustainable development as astrategy to make a meaningful contribution to the development of communities.
In 2020, the🅷 company spent over 30 billion VND (1.32 million USD) to community activities. It donated more than 270 billion VND to the fight against the COVID-19 pand🍎emic in 2021./.
The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20-percent stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for 15 million USD, according to an announcement.
The Masan Group Corporation and its subsidiary company, The CrownX, on July 1 announced the acquisition of the latter’s shares from minority shareholders, increasing Masan’s direct and indirect stakes in it from 80.2 percent to 84.9 percent.
The chapter of the Vietnam Fatherland Front (VFF) in Ho Chi Minh City, on September 1, received medical supplies and necessities worth 16 billion VND (701,477 USD), which were donated by the Masan Group Corporation for 312 local communes and wards in support of the localities' COVID-19 prevention and control.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Masan Group Corporation wins the Community Initiative Award at the 2021Asia Corporate Excellence and Sustainability Awards (Photo courtesy of Masan) 
