MONTHLY REPORT

May 2011

Management Division

HR MONTHLY REPORT

May 2011

Engaged Projects This Month

Recruitment1

Training2

Other activities3

HR information update4

RECRUITMENT UPDATE

Head office & HCMC branch

Agency planning 01

Training center 01

HR 01

GA 01

Total 04

Hanoi branch

Training center 02

Service center 01

BDO 02

Total 05

Danang branch

BDO 01

Total 01

Cantho branch

BDO 02

Total 02Total: 12 new comers

Training

1. Technical training courses from parent company

No. Request division Training course name Facilitator

1

IT

DB2 System Performance, Tuning and Problem solving Trainer from parent company

2 Network system Design, Routing and Security Trainer from parent company

3 The Introduction of Investment Product System Trainer from parent company

4 Policy admin Medical knowledge of insurance fields - claim & UW Trainer from parent company

5Finance and Accounting

Reserve calculation Planning div. in Vietnam

6 Relationship between actual premium collection and PFYP. Planning div. in Vietnam

Training

2. Apply training program for new comers during first 03 months in branches

No Detail In charge

1 HR dept. send guidance email and material to CRD HR dept.

2

Conduct the training courses:1.Orientation training2.Functional training3.Basic life insurance training

CRD &Training center at branches

3 Follow up the training schedule and attendance HR dept.

Effective time: May 01, 2011

No. BranchAccumulat

ed rank

1 Haiphong Branch 12 Dongnai Branch 2

3 HCM Brach 3

4 Cantho Branch 4

5 Danang Branch 5

6 HN Branch 6

OTHER ACTIVITIES

1. Competition regarding to stipulating company regulation – Result update as of May 20, 2011

No.Department /

DivisionAccumulat

ed rank

1 IT 12 Policy Admin 2

3HR, Legal & GA and Internal Auditing

3

4 Marketing 4

5 Acc, Fin & Investment 5

6 Planning 6

OTHER ACTIVITIES

2. Adjust parking allowance for employees working as the World Center building: Based on the actual price of parking fee around The World

Center building. Adjust the monthly parking allowance:

VND120,000 VND160,000 Effective time: May 01, 2011

OTHER ACTIVITIES

3. 2010 tax finalization: Submit all requested document for 2010 tax finalization to tax

authority. Get the confirmation from tax authority for 2010 tax

finalization. Planned tax refund to employees: May 30, 2011

OTHER ACTIVITIES

4. LOMA examination Number of students: 03 students Number of taken credits: 05 credits Examination date: May 10 & 11, 2011 The result will be noticed in June 2011

Due to the number of student taking the LOMA examination is only a few. Division director / manager please encourage your staff to take LOMA examination.

HR INFORMATION UPDATE

In terms of the Decree No. 22/2011/NĐ-CP issued by Government on April 04, 2011 providing the stipulation of new minimum wage of salary.

Old New

Minimum wage of salary VND730,000 VND830,000

Old New

Maximum SI salary(20 times of minimum wage of salary)

VND14,600,000 VND16,600,000

Effective time: May 01, 2011

NEXT MONTH PLAN

Recruitment1

Review and revise some company regulations2

Other activities3

13

MONTHLY REPORT IN MAY, 2011MONTHLY REPORT IN MAY, 2011GA DepartmentGA Department

14

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

A.A. Office Building InformationOffice Building Information1. Can Tho Agency office1. Can Tho Agency office - Finish construction and decoration- Finish construction and decoration

15

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

A.A. Office Building InformationOffice Building Information1. Can Tho Agency office1. Can Tho Agency office - Finish construction and decoration- Finish construction and decoration

16

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

A.A. Office Building InformationOffice Building Information2. Dong Nai office:2. Dong Nai office: - Equipped and installed a generator for Training room’s - Equipped and installed a generator for Training room’s

light system and devices to be smoothly operated light system and devices to be smoothly operated when electricity cut off .when electricity cut off .

17

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

B.B. Office Rental Charge Adjustment :Office Rental Charge Adjustment :1.1. Da Nang office :Da Nang office :

Rental Area & location

Current rental

Rental after adjustment

Rental Reduced

SCB Danang – 5th FL(380 m2)

3,800 usd/mth 3,610 usd/mth(Effective from Apr.01,2011)

190 usd/mth

SCB Danang – 6th FL(140 m2)

1,400 usd/mth 1,330 usd/mth(Effective from

Jan.01,2012)

70 usd/mth

TOTAL 5,200 usd/mth 4,940 usd/mth 260 usd/mth

18

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

B.B. Office Rental Charge AdjustmentOffice Rental Charge Adjustment2. N’orch office :2. N’orch office : Current rental charge: 30.80 USD/mCurrent rental charge: 30.80 USD/m2 2 (incl. Service &Tax) (incl. Service &Tax) New rental charge : asked the Landlord to reduce based New rental charge : asked the Landlord to reduce based

on the current market situationon the current market situation Status : Official letter sent to N’orch Landlord on Apr.28, Status : Official letter sent to N’orch Landlord on Apr.28,

2011 for asking them to reduce rental charge. Keep 2011 for asking them to reduce rental charge. Keep following up the feedback. following up the feedback.

19

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

C.C. Uniform Service RenewalUniform Service Renewal

Current situation : Lee Phuong for staffs, Han Minh for Current situation : Lee Phuong for staffs, Han Minh for agenciesagencies

New situation: Suggest Lee Phuong for both staffs and New situation: Suggest Lee Phuong for both staffs and agencies (Han Minh will be stopped because of frequent agencies (Han Minh will be stopped because of frequent delivery delay)delivery delay)

Uniform Policy will be slightly adjustedUniform Policy will be slightly adjusted

20

ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS)

D.D. Assets Inventory (1Assets Inventory (1st st half of 2011) half of 2011) - Finish : Ha Phan office, Binh Thanh office Finish : Ha Phan office, Binh Thanh office - On the process : On the process :

Finish checking, summarizing and wait for Finish checking, summarizing and wait for handing-over: Dong Nai office, Ha Noi offices, Can handing-over: Dong Nai office, Ha Noi offices, Can Tho officesTho offices

Checking :The World Center, N’orch officeChecking :The World Center, N’orch office- Planning : Danang office, Hai Phong officePlanning : Danang office, Hai Phong office

21

NEXT MONTH PROJECT (GENERAL AFFAIRS)

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May 2011

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Contents

Terms and Conditions

Legal Counsel

Legal Newsletter

Terms & Conditions

WHOLE LIFE UNIVERSAL LIFE - ADVANCE

WHOLE LIFE UNIVERSAL LIFE - BASIC

I01 I02 I03 I04

TERM UNIVERSAL LIFE - ADVANCE

TERM UNIVERSAL LIFE - BASIC

Legal Counsel

Company’s regulationsCompany’s regulations

In progress

Anti Money Laundering Regulation(F/A Dept.)

Internal Audit

Regulation(Audit Dept.)

Commitment for long

term service(HR Dept.)

Legal CounselMembers’ Council

Meeting (for financial

statement of 2010)

Legal Compliance (1st time of

2011)

Charter (2nd time of

adjustment)

Legal Counsel

Legal News

Decision 732/QĐ-TTg of Prime Minister dated 17 May 2011 on reform tax system of Vietnam period 2011 - 2020

Specific targets:

-Till 2015: Top 5 in South-East on tax advantage

-Till 2020: Top 4 in South-East on tax advantage

Legal News

Decision 732/QĐ-TTg of Prime Minister dated 17 May 2011 on reform tax system of Vietnam period 2011 - 2020

Main contents of tax reform:For CIT tendency: decreasing step by step

For PIT: adapt international practice

Business Tax was changed into management expense for the enterprise’s operation;

This Decision has just become into valid from 17 May 2011.