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History of Establishment and Development


  • DECOFI, previously known as Dau Tam Survey, Design and Construction Enterprise under the Ministry of Agriculture and Rural Development, was incorporated on September 12, 1990. And Phuc An Thinh’s precursor was Construction Crew No.1 under Dau Tam Survey, Design and Construction Enterprise.
  • On December 31, 1992 the Enterprise changed its name  to Dau Tam Survey, Design and Construction Company.
  • On November 21, 1994 the Company changed its name to Design and Construction Company No.1  (DECOFI)
  • In 1997, the Construction Crew No.1 became Construction Enterprise No.1 under the Design and Construction Company No.1 (DECOFI)
  • In 2003 the Design and Construction No.1 converted to the model of a joint stock company in accordance with the government guideline on capitalization of state-owned enterprises. Accordingly, the Ministry of Agriculture and Rural Development holded the equity of 10%. The Construction Enterprise No.1 became Construction Center No.1 under DECOFI. In 2005, the Ministry of Agriculture and Rural Development  sold up 10% of its equity to DECOFI’s shareholders.
  • In 2003, DECOFI reorganized and established 3 company members. And the Construction Center No.1 became Phuc An Thinh Construction Co., Ltd.

Phuc An Thinh Construction Co., Ltd. was formally  put into operation as of January 1, 2014 with the manpower as DECOFI ‘s  key personel of over 24 years of experiences.


1. If you want to learn about KPI, you should know about the best practices of Phuc An Thinh

In recent years, KPI (Key Performance Indicators) has become very familiar in management at enterprises in Vietnam.

According to below formula:


Nowadays KPI is not only a term of assessing performance but also a breakthrough solution in management system of an enterprise. In some situations, KPI is seen to be a miracle to help the enterprises become more systematical and more professional.

However, defining indicators in performance management is extremely difficult and applying these indicators in daily management is much more difficult many times. 

To be successful, the leaders and all levels of employees have to endeavour very highly for a very long time.


2. Income policy and benefit policy

  • Income = Salary + Bonus on performance + other bonuses
  • Phuc An Thinh always show sincere attentions to all the employees and help them have both full material life and rich spiritual life.
  • Income policy was built based on some criterias such as: income is commensurate with the performance, encouraging the employees to improve productivity. Income policy is fair, transparent, different and competitive.
  • The income policy is public. The employees can know their annual income fund and can calculate the salary or bonus themselves. If they would like to earn more money, they will try to work more efficiently. They always look for which tasks have to finish and never wait for the manager assigning tasks.
  • Salary of the employees are classified according to the 3P principle: P1: Position that they are assigned; P2: Person or competencies that they have; P3: Performance that they have to achieve.
  • Bonuses on some holidays and other bonuses based on effectiveness of projects.
  • There are some types of allowances such as: business charges, mobile phone charges, luch benefit, ect.
  • Welfare: social/health/unemployment insurance, accident insurance, annual physical examination, summer vacation and picnics/teambuilding games.
  • Other events that show the attentions to children of the employees such as International Children's Day (June 01), Mid-autumn Festival, Christmas Day, ect  


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