Posco Vietnam is busy making dreams true

“We are contemplating building a model dream village for an underprivileged commune in southern Ba Ria-Vung Tau province,” said Nam Sik,  general director of Posco Vietnam Company Limited. “We want needy people there have better access to learning to ameliorate living conditions.”

Posco Vietnam Ltd., a member of Korea’s Posco Group, first set foot in Vietnam through building a first-phase cold-rolled steel factory in Ba Ria-Vung Tau’s Tan Thanh district in August 2007. The factory, based in Phu My II Industrial Zone, started industrial production in October 2009 with an annual capacity of 1.2 million tonnes of steel products.

Since making its entrance into Vietnam, Posco has been adhered to its business creed - “Making steel for the country’s development”. In doing so, the company has also strictly emphasised sound business ethics while honouring Vietnamese laws.

Under the slogan ‘Always walking in step with local community’s development,” Posco Vietnam in 2011 inked agreements with Tan Hoa Communal People’s Committee in Tan Thanh district, committing  to build gratitude houses for needy people in the area. So far, 19 houses have been given to needy families. Other 14 houses will be completed in 2013.

“We highly appreciate Posco Vietnam’s noble act through providing decent shelters to needy people. They care for underprivileged people with warm heart and, through the company support, many people now have stable shelter,” said Pham Van Thuong, chairman of Tan Hoa Communal People’s Committee.

Not satisfied with only building homes for needy people, Posco Vietnam’s new goal is to shape a model dream village for a poor commune in the province.

 “This will be the model of a modern village. We will establish a community centre right in the village with support from Posco Group’s diverse members such as Posco ICT which will provide computers while Posco E&C take care of construction,” said  Sik. “I expect Posco Vietnam would do more for the Vietnamese community in the near future through this successful modern village model.”

However, before embracing this dream village model, around 50 employees at Posco Vietnam remain busy during days approaching Vietnam’s traditional Lunar New Year, working to finish the construction of seven gratitude houses in Tan Thanh district’s Tan Hoa commune.

One house will be for the family of Tran Thi Hue and Nguyen Van Nghiem. The couple will soon have a cozy and tiny house that could help them weather potential flooding of the  rainy season.
Nearby the new house of Cao Lam Hai is nearly done, a boon for the man suffering from late-stage kidney failure. “All the money ran out after I became ill,” Hai explained. “My family currently has to borrow money to cover daily expenses.”

To restore hope for the misfortunate, Posco Vietnam from its dawn has worked on meticulous community support plans and handled them consistently in the past years.

Cultivating a smart business culture at the workplace has also been a focus for Posco Vietnam management. Simple activities like recognising its employees’ birthdays, New Year or festive events, and supporting them and their family members in health checks have promoted the employees’ pride in Posco Vietnam and their devotion to the company’s development.

In addition, Posco Vietnam had built and put into use standard hostel compounds, helping workers from distant localities  have stable accommodations while working.  

In Vietnam, Posco Group is diversified in related business fields, such as  Posco Vietnam in steel production, Posco E&C in construction and Posco ICT in information technology.  Posco Group also converges businesses embracing other diverse commercial and services fields in Vietnam.

In 2012, Posco Vietnam was honoured the Corporate Social Responsibility Award by Korean Minister of Knowledge Economy and the Korean Embassy to Vietnam for active contributions to community development in Vietnam like building houses for the poor, donating gifts to orphans, supporting hospitalisation fees to patients incurring fatal diseases and providing scholarships to needy students.