DECISION OF THE BOARD OF MANAGEMENT

OF VINGROUP JOINT STOCK COMPANY

(Re: Disclosure regarding the capital contribution to establish limited liability companies with two or more members)

Article 1: Capital contribution to establish limited liability companies with two or more members:

I. The first Company:

1. Name of Company: VINDS TRADING AND SERVICES LIMITED LIABILITY COMPANY

2. Address of Headquarters: No. 7, Bang Lang 1 Street, Vinhomes Riverside Eco-Urban Area, Viet Hung Ward, Long Bien District, Hanoi

3. Proposed Charter Capital: VND50,000,000,000 (In words: Fifty billion Vietnamese dongs)

4. Capital contribution of Vingroup in VinDS Trading and Services Limited Liability Company:

VND35,000,000,000 accounting for 70% of the Charter Capital of VinDS Trading and Services Limited Liability Company.

II. The second Company:

1. Name of Company: VINPRO TRADING AND SERVICES LIMITED LIABILITY COMPANY

2. Address of Headquarters: 72 Le Thanh Ton,  Ben Nghe Ward, 1 District, Ho Chi Minh City

3. Proposed Charter Capital: VND50,000,000,000 (In words: Fifty billion Vietnamese dongs)

4. Capital contribution of Vingroup in VinPro Trading and Services Limited Liability Company:

VND47,000,000,000 accounting for 94% of the Charter Capital of VinPro Trading and Services Limited Liability Company.

Article 2: Effective date

This Decision shall take effect upon signing.

Board of Directors and related departments shall be responsible for implementation of this Decision.

FOR AND ON BEHALF OF THE BOARD

CHAIRMAN

(signed & sealed)

PHAM NHAT VUONG

About Vingroup

The Company and its subsidiaries (the "Group"), with a market capitalization of VND65,147 billion as of November 30, 2014, are the largest listed real estate, tourism and hospitality development and management company in Vietnam. The Group is primarily engaged in the development, leasing, operation and sale of high quality retail, residential, commercial, resort, healthcare and mixed-use properties in Vietnam’s major cities and popular tourist destinations, including Hanoi, Ho Chi Minh City, Nha Trang and Da Nang. Vingroup focuses on developing strategic and well-recognized brands such as Vincom (landmark retail malls), Vinhomes (quality residential developments), Vinpearl (premium resorts and hotels) and Vinpearl Land (amusement parks and family entertainment centers). In addition to these businesses, Vingroup continues to expand into other consumer sectors such as Vinmec (quality healthcare), Vinschool (quality education), VinEcom (comprehensive e-commerce), and Vinfashion (fashion).

Vingroup was listed on the HOSE on 07 September 2007.

More information on the Group can be found at www.vingroup.net.

Issued by:       Vingroup Joint Stock Company (VIC), No.: 02/2015/QD-HDQT-VINGROUP

Date:               05 January 2015