On December 12, 2024, local time, in Havana, Cuba, Chairman of the Board of Directors of Viglacera Corporation – JSC Nguyen Van Tuan had a meeting with the First Secretary of the Communist Party of Cuba, President of Cuba Miguel Mario Díaz-Canel Bermúdez.
Reporting to the President of Cuba, Mr. Miguel Mario Díaz-Canel Bermúdez, Mr. Nguyen Van Tuan – affirmed that after 6 years of operation, up to now, the ViMariel Industrial Park invested by Viglacera in the Mariel Special Economic Zone has contributed to promoting production and business activities, meeting the demand for goods for the Cuban market, creating more jobs for Cuban workers.
Chairman of the Board of Directors of Viglacera Corporation – JSC Nguyen Van Tuan met with the First Secretary of the Communist Party of Cuba, President of Cuba Miguel Mario Díaz-Canel Bermúdez.
In addition to ViMariel Industrial Park, Viglacera has contributed capital to establish Sanvig Joint Venture Company since November 2019, operating in the field of construction materials production. SanVig Joint Venture not only supplies goods to the domestic market, contributing to promoting the construction market in Cuba, but also exports, bringing foreign currency to Cuba.
ViMariel Industrial Park of Viglacera Corporation is Cuba’s first limited-term concession project for a 100% foreign-owned enterprise.
At the meeting, Mr. Miguel Mario Díaz-Canel Bermúdez expressed his excitement and welcomed Viglacera and Vietnamese enterprises to invest and cooperate in business in Cuba. The Cuban President reiterated the friendly and sincere relationship between Vietnam and Cuba, affirming that the two governments strongly support investment and business cooperation activities between enterprises of the two countries.
Since the visit and working session in Cuba in October 2024 by General Secretary of the Communist Party of Vietnam To Lam, Viglacera Corporation has actively promoted investment and cooperation activities with this country, in which in addition to industrial parks and construction materials, cooperation in pharmaceuticals, especially biotechnology products, is a new direction. At the same time, Viglacera and GELEX Group also support Cuba in the fields of agriculture, energy and technology.
Mr. Nguyen Van Tuan expressed his deep gratitude to Mr. Miguel Mario Díaz-Canel Bermúdez for the support of the Cuban Government for the activities of GELEX and Viglacera in Cuba in the past time, expressed his belief in the prospects of investment, business in Cuba and cooperation with Cuban enterprises, and made several proposals to help promote cooperation between enterprises of the two countries.
Currently, Vietnam is the second largest Asian trading partner and the largest foreign investor in Asia in Cuba with 6 projects implemented.
Cuba is committed to always welcoming and accompanying Vietnamese investors. The Cuban government will look for mechanisms and solutions to facilitate the activities of Vietnamese enterprises investing in Cuba.
Prime Minister Pham Minh Chinh, Head of the National Steering Committee for Semiconductor Industry Development, urged the development of incentive mechanisms and policies to promote the development of the semiconductor industry, while chairing the first meeting of the committee in Hanoi on December 14 morning.
Prime Minister Pham Minh Chinh at the meeting
Emphasising that developing the semiconductor industry is a necessity, a strategic breakthrough, and also a key task in the coming time, the PM said that it requires the participation of the entire political system, the engagement of people, businesses, investors, and the support of international friends.
The determination to implement the scheme must be demonstrated through specific, methodical, scientific, and drastic actions, he stressed…
The PM urged establishing an investment support fund, transferring technology, and optimising Vietnam’s potential, opportunities, and competitive advantages.
Source: VietnamPlus
On December 12, VCCI organized the Eastern Expressway Industrial Park Forum 2024 with the theme “Linking to promote smart manufacturing supply chain”.
The forum was held in Ha Long City, this is a conference aimed at gradually creating links and connecting regions, forming a development cooperation network and forming a smart production chain, promoting growth.
Attending the conference were Mr. Pham Tan Cong, Chairman of the Vietnam Federation of Commerce and Industry (VCCI), and leaders of Quang Ninh, Hung Yen, Hai Duong and Hai Phong city.
In July 2022, the Eastern Expressway Economic Connection Agreement was signed between VCCI and 4 localities including Quang Ninh, Hai Phong, Hai Duong, and Hung Yen. This is an initiative in implementing the Party and State’s policy on regional connectivity, promoting the potential and advantages of each locality.
Mr. Pham Tan Cong at the conference.
Speaking at the opening of the conference, Mr. Pham Tan Cong affirmed that Resolution 30-NQ/TW of the Politburo on socio-economic development and ensuring national defense and security in the Red River Delta region to 2030, with a vision to 2045, emphasized the role of the Red River Delta as a driving force for national economic development, prioritizing industrial modernization, expanding infrastructure and implementing sustainable development policies.
The resolution aims to build advanced industrial clusters, modern logistics networks and sustainable resource management to create a sustainable and globally competitive economy.
The forum is an opportunity for state agencies and businesses to share experiences, discuss solutions to promote smart manufacturing supply chains and build cooperative relationships with international businesses and organizations.
Source: Kinh tế & Đô thị
On December 11, 2024, at Caravelle SaiGon (District 1, Ho Chi Minh City), Viglacera continued to affirm its leading position in the field of Construction Materials and Real Estate when it was honored in 2 categories “Top 50 Most Effective Business Companies in Vietnam 2024” and “Typical Real Estate 2024 – Enterprise – Typical Building and Construction Materials Supply Enterprise”. The award is not only a recognition of Viglacera’s outstanding efforts but also a clear demonstration of the trust of the market and customers in the brand.
Mr. Nguyen Quoc Huy – Deputy Director of the Commercial Department was honored to represent Viglacera Corporation – JSC to receive the award “Top 50 Most Effective Companies in Vietnam 2024”
The “Top 50 Most Effective Companies in Vietnam” (TOP50) ranking is a prestigious ranking conducted annually by Nhip Cau Dau Tu Magazine in collaboration with Thien Viet Securities Company, with the consultation of leading economic and business experts from Harvard Business School.
Over the past 13 years (2010-2024), the TOP50 ranking has become a prestigious measure to evaluate the performance of leading enterprises in Vietnam. With strict evaluation criteria based on 3 core growth indicators: revenue, return on equity (ROE) and earnings per share, TOP50 has succeeded in finding “big guys” with huge scale, high capitalization value and strong growth rate, contributing significantly to the development of the economy.
Viglacera Corporation – JSC received the award “Typical Real Estate 2024”
According to the report from TOP50 this year, Viglacera Corporation has achieved many impressive achievements with an average compound growth rate in the last 3 years (2021-2023) (SR-CAGR) reaching 12.0%, return on equity (ROE) reaching 19.0% and return on stock (Stock Return) reaching 137.0%. These figures show the remarkable growth of the enterprise in recent times, thanks to breakthrough business initiatives and strong investment in product and service quality, Viglacera has continuously created outstanding values, meeting the increasing demands of the market.