MONTHLY REPORT May 2011 Management Division

HR MONTHLY REPORT May 2011

Engaged Projects This Month Recruitment 1 Training 2 Other activities 3 HR information update 4

RECRUITMENT UPDATE 01 04 01 02 01 05 02 Head office & HCMC branch Agency planning 01 Training center HR GA Total 04 Danang branch BDO 01 Total Hanoi branch Training center 02 Service center 01 BDO Total 05 Cantho branch BDO 02 Total Total: 12 new comers

Finance and Accounting Training 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 3 The Introduction of Investment Product System 4 Policy admin Medical knowledge of insurance fields - claim & UW 5 Finance and Accounting  Reserve calculation Planning div. in Vietnam 6 Relationship between actual premium collection and PFYP.

Training center at branches 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: Orientation training Functional training Basic life insurance training CRD & Training center at branches 3 Follow up the training schedule and attendance Effective time: May 01, 2011

OTHER ACTIVITIES Competition regarding to stipulating company regulation – Result update as of May 20, 2011 No. Department / Division Accumulated rank 1 IT 2 Policy Admin 3 HR, Legal & GA and Internal Auditing 4 Marketing 5 Acc, Fin & Investment 6 Planning No. Branch Accumulated rank 1 Haiphong Branch 2 Dongnai Branch 3 HCM Brach 4 Cantho Branch 5 Danang Branch 6 HN Branch

OTHER ACTIVITIES 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 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 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

Review and revise some company regulations NEXT MONTH PLAN Recruitment 1 Review and revise some company regulations 2 Other activities 3

MONTHLY REPORT IN MAY, 2011 GA Department

Office Building Information ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Office Building Information 1. Can Tho Agency office - Finish construction and decoration

Office Building Information ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Office Building Information 1. Can Tho Agency office - Finish construction and decoration

Office Building Information ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Office Building Information 2. Dong Nai office: - Equipped and installed a generator for Training room’s light system and devices to be smoothly operated when electricity cut off .

Rental after adjustment ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Office Rental Charge Adjustment : 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

Office Rental Charge Adjustment ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Office Rental Charge Adjustment 2. N’orch office : Current rental charge: 30.80 USD/m2 (incl. Service &Tax) New rental charge : asked the Landlord to reduce based on the current market situation Status : Official letter sent to N’orch Landlord on Apr.28, 2011 for asking them to reduce rental charge. Keep following up the feedback.

Uniform Service Renewal ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Uniform Service Renewal Current situation : Lee Phuong for staffs, Han Minh for agencies New situation: Suggest Lee Phuong for both staffs and agencies (Han Minh will be stopped because of frequent delivery delay) Uniform Policy will be slightly adjusted

Assets Inventory (1st half of 2011) ENGAGED PROJECT IN THIS MONTH (GENERAL AFFAIRS) Assets Inventory (1st half of 2011) Finish : Ha Phan office, Binh Thanh office On the process : Finish checking, summarizing and wait for handing-over: Dong Nai office, Ha Noi offices, Can Tho offices Checking :The World Center, N’orch office Planning : Danang office, Hai Phong office

NEXT MONTH PROJECT (GENERAL AFFAIRS) Continue assets inventory checking Emphasize and revise the Incoming / outcoming Document Management Regulation Set the Regulation on Assets Management and revise the Uniform Policy Construction of two new rooms for Branch Managers of Hai Phong Branch

Monthly Report May 2011 Legal Dept. Mon Tues Wed Thurs Fri Sat Sun 25 26 27 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5

Contents Terms and Conditions Legal Counsel Legal Newsletter

Terms & Conditions I02 I03 I04 I01 WHOLE LIFE UNIVERSAL LIFE - BASIC WHOLE LIFE UNIVERSAL LIFE - ADVANCE TERM UNIVERSAL LIFE - BASIC TERM UNIVERSAL LIFE - ADVANCE

Legal Counsel Company’s regulations In progress Internal Audit Regulation (Audit Dept.) Anti Money Laundering Regulation (F/A Dept.) Commitment for long term service (HR Dept.)

Legal Counsel Members’ Council Meeting (for financial statement of 2010) Legal Compliance (1st time of 2011) Charter (2nd time of adjustment)

Legal Suggestions Lawsuit Legal Counsel Legal suggestions on insurance business regulations Lawsuit Mr. Dang Van Lan’s case (4th meeting pre trial)

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 Specific targets: Till 2015: Top 5 in South-East on tax advantage Till 2020: Top 4 in South-East on tax advantage

Main contents of tax reform: 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.

Thank You !