ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
164
165
Material topics in 2024 (next)
Optimized values for customers Providing high-quality, safe, and sustainable products (next)
Fostered strategic collaboration with business partners
Regarding distribution network, An Cuong consistently set clear standards regarding market expertise, operational capability, and business ethics to select suitable partners. Furthermore, the Company actively supported distribution partners in areas such as staff training, promotional activities, and product displays. An Cuong regularly organized meetings with suppliers and distribution partners, both on a scheduled basis and as needed, to promptly address arising situations and balance the interests of all parties, fostering sustainable long-term relationships.
enabled design personalized living spaces while offering timely access to new collections and products. Additionally, Creative Hub by An Cuong provided a dynamic platform for interaction and idea-sharing, serving as a catalyst for innovative and inspiring interior design concepts. customers to seamlessly Additionally, An Cuong remained committed to stabilizing the supply of input materials to optimize production costs, maintain consistent product quality and supply, and prevent disruptions or market disturbances affecting customers.
An Cuong's suppliers were selected based on their manufacturing expertise, ability to innovate and implement mass production, credibility in the market, adherence to regulatory requirements, standout characteristics, market policies, and commitment to occupational safety. During collaboration, An Cuong placed a high priority on maintaining strong relationships with suppliers to promote sustainable partnerships. This approach ensured cost efficiency, product quality stability, and consistent delivery of final goods. Such a perspective enabled An Cuong to foster long-term, resilient relationships with our suppliers. In fact, most of key suppliers have been working with the Company for more than 10 years.
As a leading company in the industry and a trendsetter for interior design in Vietnam, An Cuong's R&D department continuously innovated and developed colors, product lines, and groundbreaking solutions. This provided customers with a wide array of refined and diverse choices, catering to every need and inspiring new trends in interior design. Recognizing the market's shift toward digitalization, An Cuong proactively integrated advanced digital applications to enhance the customer experience. Make Your Space and Online Catalogue tools
Building a cohesive and sustainable value chain
Established and rigorously enforced anti-corruption policies
The Company's anti-corruption policies were also communicated to partners to ensure compliance across the entire value chain. Additionally, the Legal and Internal Audit departments regularly updated the Company’s policies to address emerging forms of corruption observed in the market, implementing suitable preventive measures. In 2024, An Cuong recorded no complaints or reports related to corrupt practices.
Aware of the potential risks of corruption in activities such as selecting suppliers and developing distribution networks, An Cuong implemented rigorous control measures. The Company not only established stringent anti-corruption management processes but also conducted widespread communication efforts to the entire workforce. These initiatives aimed to raise awareness and ensure transparency across all operational activities.
In an increasingly volatile business landscape, An Cuong strategically prioritizes the cultivation of sustainable and robust values to enhance resilience and recovery capabilities. This approach encompasses a comprehensive assessment of the production and financial capacity of supply chain partners, as well as their adherence to environmental sustainability, social responsibility, and ethical business practices.
Powered by FlippingBook