Abstract

I.

Introduction on Vietnam Polystyrene company

I.1 General Information:

VIETNAM Polystyrene was established in 2006 to meet the demands of expandable

polystyrene with the vision to deliver our clients comprehensive solutions. Located in
VUNG TAU,VIETNAM, our plant is the one and the only expandable Polystyrene
manufacturing plant, of such magnetite in our region. As the increasing demand of
Expandable Polystyrene (EPS) we have continuously and rapidly taken the initiatives, for
massive expansion for immaculate performance.
In order to keep up with international quality level, we believe in staying abreast with latest
technology, VIETNAM Polystyrene has made enormous investment including the hardware,
software and technology expertise that gives us an edge today. That is the reason why the
clients coming to us from not only the domestic but also the international.
As the surging demand shifts we have taken up the challenge to meet not only the quality
requirement of our customers but also fulfill their increasing demand. We are in progressive
strive to carry out an expansion of our plant which we now have a capacity of 40,000 TPA
for Expandable Polystyrene. 50% of this alone meets the entire need of the Local Market
while the rest is produced for export.
In additions, VIETNAM Polystyrene CO.Ltd is an ISO 9001 certified company assuring
that all processes and procedures are standardized.
VIETNAM Polystyrene also is leading company in technological advancement. Companys
in house Research and Development (R&D) Department has been working hard to attain the
best standards in the industry as well as producing the new grades of GPPS, HIPS and EPS
adding a vast variety to cater to the different needs of different consumer, we are now able
to produce the grades as per customers requirement.

I.2 Company Structure:

General
Director

Director of
Business

Business
Department

Director of
Production

Production
Department

Director of
Quallty

Quality
Department

Director of
Ware-House

Ware-House
Department

Director of
Accounting

Director of
Human
Resources

Accounting
Department

Human
Resources
Department

General Director: is legitimate representative of the company,

manages and controls the company operation since the appointment
decision comes into force; five Directors assist General Director and
are responsible for providing leadership and direction for directly under
departments.
Business Department: is in charge of long-term, short-term strategy,
make deal with customer, execute exporting process.
Product Department: is in charge of producing GPPS, EPS and HIPS.
Quality Department: is in charge of testing product and production
line.
Ware-House Department: is in charge of keep track the goods and
deliver the goods to carrier.
Accounting Department: advises General Director on financial
management, is responsible for recording, codifying and processing
financial information, preparing financial statements.
Human Resources Department: advises General Director on the
organizational structure of business, arranges the human resources
appropriately with the companys business requirement, prepares
wage table.
I.3 Products
I.4 Strategy
I.5 Competitor

II.

Actual employee incentive program in Vietnam Polystyrene

III.

company
II.1Tools to create incentive for employees
II.1.1 Financial tools
II.1.1.1
Salary
II.1.1.2
Bonus
II.1.1.3
Social welfare
II.1.2 Non-Financial tools
II.1.2.1
Working Environment
II.1.2.2
Job Description
II.2Evaluation on employee incentive program
II.2.1 Strengths
II.2.2 Weaknesses and causes
Solutions to enhance employee incentive program in Vietnam

IV.
V.

Polystyrene company
III.1
Solution about salary
III.2
Solution about job description
III.3
Solution about working environment
Conclusion
Personal Reflection