On the morning of April 3, 2023, Viglacera Corporation – Joint Stock Company held a meeting in March, summarizing and evaluating the results of production and business activities in the first quarter of 2023 and implementing the tasks of the production and business plan of the second quarter of 2023.

According to the report of production and business activities in March and the first quarter of 2023, the product consumption market in the first quarter of 2023 was narrowed and decreased, manufacturing enterprises were directly affected by the increase in the price of input materials, tightening of credit, difficulties in accessing capital, especially in the business of Building Materials and Real Estate. The above factors affected the business results of the Corporation in the first quarter of 2023. However, Viglacera still exceeded the target of the parent company with the profit of 242% of the March plan, reaching 196% of the first quarter plan; Revenue index reached 153% of the plan in March and reached 125% of the plan for the first quarter of 2023.

The Industrial Park Real Estate business along with dividends collected from associates contributed a large part to the total revenue and profit of the first quarter of 2023. Currently, Viglacera Corporation owns and operates 12 industrial parks with a total area of more than 4,000 hectares. The investment and development of industrial real estate represents the right direction of Viglacera Corporation.

Speaking at the meeting, Mr. Nguyen Anh Tuan, General Director of the Corporation, said: The domestic economy in the second quarter of the year continues to face many difficulties, cannot achieve breakthrough growth but there will be improvements, compared to the first quarter thanks to the signal of reducing bank interest rates for Real Estate and loosening policies from the Government. These are positive signs for Viglacera to rise up and fulfill the assigned targets. Solutions for the Business – Trade sector need to dig deep into the market, cover the distribution channels to provinces, to each store and provide products to end consumers. Deploy business solutions from domestic to export markets, a set of products suitable for customers’ needs with competitive prices, branded products and the most guaranteed quality. For the Manufacturing sector, it is necessary to balance the production plan according to the actual needs of the market, at the same time continuously improve product quality, launch new products to suit the tastes of users in each region with the most favorable price in the context of economic difficulties.

From March 27, 2023 to March 30, 2023, Cuban Minister of Construction – Mr. René Mesa Villafana, and Cuban Ambassador to Vietnam – Mr. Orlando Nicolás Hernández Guillén, visited and worked at Viglacera Corporation – JSC and construction material factories of Viglacera in Binh Duong. Welcoming the delegation were Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation and leaders and directors of member units.

Minister of Construction René Mesa Villafana expressed his pleasure to return to work with Viglacera Corporation. In particular, he highly appreciated Viglacera’s growth in 2022 despite market fluctuations due to Covid-19. Mr. Rene’ Mesa Villafana also once again expressed his confidence in Viglacera’s prestige and experience in the field of Construction, Real Estate; At the same time, he showed goodwill to create conditions for sustainable cooperation in the market development of Viglacera in Cuba.

On Viglacera’s side, Mr. Nguyen Anh Tuan, General Director of Viglacera Corporation -JSC warmly welcomed the return of the Cuban Minister and the Cuban Ambassador to Vietnam. In a warm atmosphere of comrades and brothers, Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation – JSC shared a lot of valuable experience in organizing the apparatus, production and exporting, making use of and promoting the advantages of raw materials and origin advantages that create Viglacera’s success.

On March 30, Cuban Minister of Construction – Mr. René Mesa Villafana and the Government Delegation visited Viglacera factory cluster in Binh Duong province. Leading the tour were the representatives of the International Cooperation Department of the Ministry of Construction and leaders of Viglacera Corporation.

After visiting and visiting employees at 3 factories, Mr. René Mesa Villafana highly appreciated the development, organization and management, green production process, automation by modern technology at factories of Viglacera.

Mr. René Mesa Villafana shared: The weather and climate in Cuba are very similar to Vietnam. In particular, Cuba currently has abundant raw materials, investment attraction policies along with strong consumption. These will create motivation for foreign enterprises to invest and conquer Latin America and the Caribbean markets. With our advantages and traditional cooperation of Vietnam – Cuba, we hope that Viglacera-branded float glass and sanitary ware products will soon be produced in Cuba and exported to neighboring markets.

After Minister René Mesa Villafana’s business trip, Viglacera Corporation will send staff to survey and promote the opening of the factory. Mr. Nguyen Anh Tuan affirmed: The future Viglacera factory in Cuba will be more modern with high productivity and stronger market penetration abilities because Vietnam – Cuba is a traditional brotherly relationship. Viglacera will do their best for Cuba’s development.

More photos at the event:

Source: https://baoxaydung.com.vn

During the recent business trip in Thua Thien Hue province, Prime Minister Pham Minh Chinh took an inspection tour to the construction site of passenger terminal T2 in Phu Bai international airport. Accompanying the Prime Minister was the Minister of Planning and Investment Nguyen Chi Dung and the Secretary of the Thua Thien Hue Provincial Party Committee Le Truong Luu.

Terminal 2 project at Phu Bai airport has a total investment of 2,249 billion VND, invested by Airports Corporation of Vietnam (ACV).

Prime Minister Pham Minh Chinh applauded relevant agencies and units for their efforts in construction during the recent Covid-19 epidemic.

Phu Bai airport was built in 1940, currently used for both military and civilian purposes. In 2013, ACV invested in repair with a total investment of nearly 700 billion VND. The current passenger terminal has a designed capacity of 1.5 million passengers a year.

Passenger terminal T2 was built according to Hue royal architecture with layers of roofs stacked on each other. The terminal has a construction floor area of about 22,380 m2, expected to serve 5 million passengers per year (4 million domestic passengers and 1 million international passengers), ensuring to serve 2,500 passengers during peak hours. Terminal 2 of Phu Bai international port is expected to promote the socio-economic development of the province and the region, especially tourism services.

The body of the station was started in August 2021. Up to now, the total actual volume at the site has reached 95% of the contract (received 85% of the contract value). Currently, the Project Management Board is urgently urging contractors to complete the interior and equipment installation in parallel with testing and commissioning with completed equipment, expected to put the station into operation on schedule in April 2023.

The expansion of the apron is implemented synchronously with the passenger terminal project. Currently, 100% of the volume and quality of the completed items have been completed, meeting the design requirements. It is expected that the Construction Investment Management Department – Ministry of Transport (a specialized agency in construction) will organize an inspection of the investor’s acceptance work at the end of March 2023. The Civil Aviation Authority of Vietnam will inspect and license the operation according to regulations, the time to put the project into operation is expected from the end of April 2023.

The units also said that the check-in for passengers at T2 terminal would be connected with national population data to reduce manpower and check-in time.

In order to complete the project and put it into operation on time and in accordance with regulations, the Prime Minister requested the investor to direct the contractors and consulting units to urgently complete the rest of the workload, take over, inspect and verify the quality of works in full compliance with current regulations; ready to put the project into operation and use. Complete all licensing and certificate procedures with the relevant authorities as prescribed. Prepare human resources to meet the requirements to receive, test operation, proceed to official operation and exploitation, to meet the travel needs of people on the occasion of the holidays of the upcoming April 30, May 1 and Hung King’s death anniversary.

It is also necessary to note that the construction of a smart, synchronous, modern station with lots of trees to meet demand even when the number of cars increases, The Prime Minister asked relevant agencies to urgently remove obstacles, invest in upgrading and completing the taxiway system according to the planning in order to improve the capacity and effectively exploit the airport; upgrade and complete infrastructure, traffic routes connecting to the airport, meeting the needs of fast, convenient and safe traffic.

Source: https://baodautu.vn

With an estimated total investment of over VND 2,500 billion, the investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone will create a connecting corridor between the internal traffic systems of the functional areas of the economic zone with main traffic routes such as national highway 39, national highway 37B, coastal road, DT.464, etc; and at the same time, creating motivation to attract investors and speed up the progress of exploiting Thai Binh Economic Zone as well as promoting socio-economic development, national defense, security, rescue and flood prevention and control in the region.

The investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone approved by the Provincial People’s Committee in Decision No. 509/QD-UBND dated March 9, 2022 includes 5 routes. In which, in Thai Thuy district, there are 2 routes (route 1, route 2), 3 routes in Tien Hai district (route 3, route 4, route 5) and 1 section of route 3 in Kien Xuong district. In which, route No.1 running along the horizontal axis in the north of the economic zone, passing through Lien Ha Thai industrial park, and route No.2 starting from the road connecting National Highway 37B (the first section of Diem Dien bridge) to the sea-dyke no. 7 at the Thai Thuong port and industrial-service zone, are invested and built according to the scale of grade III delta road, design speed of 80km/h. Line 3 has a length of 13.07km, running along the southern axis of the economic zone from the coastal road to national highway 37B, the section through Nam Binh commune (Kien Xuong), invested and built according to the scale of the expressway, with a design speed of 100km/h. Routes 4 and 5 are invested and built according to the scale of plain grade IV roads, regional main roads and industrial park main roads. In addition, the whole route is also invested with the synchronous construction of works on the route including sewers across the road; drainage ditches along the road, surface water drainage, and return irrigation system; system of sidewalks, sidewalks and trees; the roof reinforcement system, protection works, traffic safety system… The routes are also designed to connect with residential roads to ensure traffic safety requirements. 5 is invested and built according to the scale of plain grade IV road, regional main road, main road of industrial park. In addition, the whole route also invests in the synchronous construction of works on the route including sewers across the road; drainage ditches along the road, surface water drainage and return irrigation system; system of sidewalks, sidewalks and trees; the roof reinforcement system, protection works, traffic safety system…The routes are also designed to connect with residential roads to ensure traffic safety requirements.

The investment in the construction of trunk roads in the economic zone is one of the priority investment projects to create a premise for the construction, formation and development of the economic zone in the coming time. This is a large-scale project but with the capacity of investors; the close attention and direction of the authorities at all levels, the investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone will soon be completed and opens to traffic.

Source: https://baothaibinh.com.vn/

According to the Ministry of Planning and Investment, as of February 20, 2023, the total foreign direct investment (FDI) registered in Vietnam including newly registered capital, adjusted registered capital and the value of capital contribution and share purchase by foreign investors reached US$3.1 billion, down 38% over the same period last year.

Structure of foreign investment capital in the first 2 months of 2023 compared to the same period in 2022

Of which, 261 new projects were granted Investment Registration Certificates (increasing by 42.6% over the same period), the total registered capital reached more than 1.76 billion USD (up nearly 2.8 times over the same period); There were 133 projects registered to adjust investment capital (down 6.3% over the same period), the total additional registered capital reached nearly 535.4 million USD (down 85.1% over the same period); There were 440 times of buying capital contribution by foreign investors (up 10% over the same period), the total value of contributed capital reached nearly 797.9 million USD (up 3.7% over the same period).

Regarding investment in commodity sectors, foreign investors invested in 17 sectors out of 21 national economic sectors; in which, the processing and manufacturing industry led the way with a total investment of nearly 2.17 billion USD, accounting for 70.1% of the total registered investment capital, followed by the real estate business with the total investment capital of nearly 396.9 million USD, accounting for more than 12.8% of total registered investment capital; wholesale and retail industries with a total investment of nearly 202.1 million USD, transportation and warehousing with a total registered capital of nearly 141.9 million USD.

10 provinces attracting the most FDI in Vietnam in February 2022

Regarding investment in localities, foreign investors invested in 39 provinces and cities across the country in February 2023. Bac Giang took the lead with a total registered investment capital of more than 824.3 million USD, accounting for more than 26.6% of the total registered investment capital and increasing by more than 8.4 times over the same period in 2022. Ho Chi Minh City ranked second with more than 103 new projects and a total registered investment capital of more than 369, 1 million USD, accounting for more than 11.9% of the total investment capital of the country. Following were the localities of Binh Duong, Quang Ninh, Dong Nai, Hai Phong, Bac Ninh, Ba Ria – Vung Tau, Hung Yen and Tay Ninh. Tay Ninh ranked at the bottom of the Top 10 list with a total foreign investment capital of 81.13 million USD. In particular, while in January 2023, Quang Ninh ranked only 13/53 in terms of FDI attraction, in February 2023, this locality jumped 9 places, surpassing Bac Ninh and Dong Nai to enter the top 4 localities attracting the highest FDI in the country in the first 2 months of the year. The reason is that within a month, this locality had 2 more newly registered projects, bringing the total newly granted capital from 12.84 million USD in January 2023 to 331.84 million USD in February 2023. Since then, the total newly registered capital, adjusted and contributed capital to buy shares, buy capital contribution of foreign investors reached about 332.2 million USD as of February 20, 2023.

Source: https://investvietnam.gov.vn/

On the morning of March 10 in Hanoi, Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022 in the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023. The event was organized by Vietnam Real Estate Electronic Magazine (Reatimes) and Vietnam Real Estate Research Institute (VIRES), under the direction and sponsorship of the Vietnam Real Estate Association.

Accordingly, the 3rd Spring Real Estate Forum and the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023 are annual activities held to provide comments and analyses on the overall picture, forecasts on trends, prospects, and investment opportunities in Vietnam’s real estate market in the coming period; identify obstacles and difficulties that need to be overcome as well as finding solutions to help enterprises adapt flexibly to the current context. At the same time, the Honor Ceremony recognizes and honors the steadfast spirit and development strategies that adapt to the new circumstances of Vietnamese real estate enterprises, professional brands that have many contributions, lead the real estate market, and have quality and reputable products in the real estate market in 2022 – 2023.

Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022. This is the second consecutive year Viglacera has won this award.

2022 is a tumultuous year for the world economy and Vietnam, influenced by many factors, including the possibility of a global economic recession; China market has reopened but with slow growth; the international monetary and financial markets are relatively unstable. However, up to now, Viglacera still affirms its solid position in the field of industrial real estate, when attracting more than 16 billion USD of FDI capital from 300 domestic and foreign enterprises, including reputable companies in the world such as Samsung Electronics, Samsung Display, Amkor, Hyosung, Orion, Lock & Lock, BYD, Iljin Diamond, Foxconn, etc.

Ms. Nguyen Thi Thu Huong – Deputy Director of Viglacera Real Estate Company, representative of Viglacera Corporation – JSC was honored to receive this award.

Currently, Viglacera is a leading enterprise in Vietnam in investment and development of industrial park (IP) infrastructure with more than 20 years of experience.

There are 12 industrial park projects with a scale of more than 4,000 hectares, including 11 industrial parks in Vietnam, and 1 economic zone (EZ) in Cuba, including Yen Phong IP, Yen Phong II-C IP, Tien Son IP, Thuan Thanh I IP (Bac Ninh); Phu Ha IP (Phu Tho); Hai Yen IP, Dong Mai IP (Quang Ninh); Tien Hai IP (Thai Binh), Dong Van IV IP (Ha Nam), Phong Dien IP (Thua Thien – Hue), Yen My IP (Hung Yen) and ViMariel EZ (Cuba).

Thanks to the advantage of owning an abundant supply of industrial land located in many provinces, Viglacera’s IPs offer investors a variety of choices, meeting the needs of all enterprises. Industrial parks have clean land as well as complete, synchronous, and modern infrastructure, meeting the land needs for the industrial production of domestic and foreign enterprises.

In the coming time, Viglacera Corporation – Joint Stock Company will continue to orient to become a multinational enterprise, operating in two core fields: Manufacturing and trading synchronous environmentally-friendly top-quality construction materials; Investing in multi-field real estate business, prioritizing the infrastructure development of industrial parks, urban areas and houses with maximum utilities for customers..

From February 22-26, 2023, a high-level delegation of the United Left Movement Party (MIU), led by General Secretary Miguel Mejia, Minister of Regional Integration Policy of the Dominican Republic visited and worked at Viglacera Corporation – JSC.

Attending the working session on February 22, 2023, at the headquarters of Viglacera Corporation, on the Dominican Republic side, there were General Secretary of the United Left Movement Party – Mr. Miguel Mejia and the high-level delegation. Welcoming the high-level delegation of the Dominican Republic, there were Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation, and the Corporation’s leadership.

At the meeting, Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation shared about the scale of operation as well as the strengths of building materials and real estate development, especially industrial real estate inVietnam and Viglacera’s experiences of overcoming difficulties through times.

Mr. Miguel Mejia highly appreciated the development of Viglacera in recent years. In the context that the economies of countries around the world are affected by the crisis after the Covid-19 pandemic, Viglacera is a bright spot in terms of development. Dominicana large enterprises traveling with the delegation should refer to Viglacera’s model, experience in implementation and corporate governance.

With a long-term association and based on trust, determination, and sustainable development orientation, Mr. Miguel Mejia invited Viglacera to participate in survey, assessment and investment in Dominicana as soon as possible.

Mr. Nguyen Anh Tuan – General Director of Viglacera emphasized: “In the coming time, the Corporation will send a survey team to prepare investment plans and feasibility study reports on investment projects to invest in building material manufacturing plants and industrial parks in Dominicana”.

Thus, Dominica will be Viglacera’s second foreign investment destination after Cuba.

In the coming time, with the attention of senior leaders of the Dominican Republic, Mr. Tuan expressed his expectation that there will be good cooperation between the two countries, especially enterprises of Dominicana and Vietnam in economic trade and investment development.

Within the framework of this visit, in order to learn more deeply and intuitively about Viglacera’s production and business activities, the high-level delegation of the Dominican Republic visited factories in the field of ceramic tiles, sanitary ware and ceramics as well as Viglacera’s Industrial Parks.

In particular, on the National Day of the Dominican Republic February 27, 1844 – February 27, 2023, Mr. Nguyen Van Tuan – Chairman of the Board of Directors of Viglacera Corporation, together with leaders of Viglacera Corporation attended the first flag raising ceremony at the Embassy and the 179th Anniversary of the Independence Day of the Dominican Republic.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors of Viglacera Corporation took a photo with Ambassador Extraordinary and Plenipotentiary of the Dominican Republic Jaime Francisco Rodríguez.

Dominican General Secretary Miguel Mejia also believed that with the capacity and experience gained from investment projects in Cuba, Viglacera will have many opportunities to succeed in the Dominican market as well as in the Caribbean countries. The Dominican government will create all conditions to support and connect Vietnamese-Dominican enterprises, creating a foundation for the deepening cooperation between the two States in the coming time.

According to the report on production and business activities in January 2023 presented by the Planning and Investment Board, the pre-tax consolidated profit of the Corporation reached 102% of the monthly plan, of which the Parent Company reached 116 % of the monthly plan and 35% of the first quarter plan. Consolidated revenue of the Corporation reached 104% of the monthly plan and the parent company’s revenue reached 112% of the monthly plan. Real estate, industrial park infrastructure leasing still maintained well, contributing largely to the general results of the Corporation; construction materials sector still faced difficulties in January 2023.

Overview of the briefing session

During the Lunar New Year 2022, the Corporation’s Trade Union in coordination with the units in the Corporation well implemented the regimes and policies for employees; ensure employees enjoy the Lunar New Year joyfully and safely; The units did well on duty of production, safety, and fire prevention. The number of employees returning to work after Tet holiday was fully and on schedule.

Commenting that the market in the first quarter of 2023 is still facing many difficulties, Mr. Nguyen Anh Tuan, General Director of the Corporation directed: “The parent company reviews mechanisms and policies to remove difficulties for units, focusing on complete processes and regulations; strongly implements decentralization and decentralization to create favorable and proactive conditions for units and leaders in charge of regions in solving work; units carefully prepare conditions to reach capacity and quality immediately after restarting production; organize production to order not to increase inventory; strengthen debt collection to ensure cash flow for production and business activities; well plan and prepare the conditions to hold the Annual General Meeting of Shareholders in 2023”.

In 2022, with the drastic and flexible management of the Corporation’s Board of Directors and the consensus of all employees, Viglacera has completed and exceeded the main targets, continuing to affirm its position as the leading enterprise in the construction industry. Let’s take a look at Viglacera’s achievements in 2022.

Exceeding the annual plan target

The results of production and business activities in 2022 of the whole Corporation have achieved and spectacularly exceeded the main targets assigned in the General Meeting of Shareholders. The consolidated pre-tax profit of the whole Corporation was estimated at VND 2,288 billion, reaching 135% of the year plan, up 48% compared to 2021, of which the pre-tax profit of the parent company was estimated at VND 1,722 billion, up 44 % compared to the plan in 2022 and up 50% compared to 2021.

Always affirming the leading brand in the Construction industry

With the orientation of building and implementing a sustainable growth strategy, Viglacera has been constantly trying to improve product quality, applying high technology and smart technology to research and develop green and environmentally-friendly products. Recorded in 2022, Viglacera was honored to receive many prestigious awards in the field of Construction such as National Brand; Top 10 strong brands 2022 in Construction and Building Materials; ranked 94th in the Top 500 Most Profitable Enterprises in Vietnam in 2022 and 48th in the Top 500 Most Profitable Private Enterprises in Vietnam in 2022. In addition, Viglacera is still a Vietnamese enterprise which is in the top 22 largest Ceramic tile manufacturers in the world.

Launching the Vasta brand – Pioneer in the production of sintered stone in Vietnam

Vasta Stone has the advantage of owning the most modern chain in the world SACMI Continua+ imported from Italy. This is also considered the most modern large-scale sintering stone production line in the world.

Thanks to a series of outstanding advantages in terms of hardness, high strength, stain resistance, scratch resistance, waterproof, anti-slip, superior fire resistance, and especially resistance to chemicals, chemical substances, common chemicals in the kitchen, swimming pool walls, stairs, sintered stone has become a high-class material that is preferred by many designers and architects around the world. With amazingly large dimensions of up to 160 x 320cm and flexible thickness from 6mm to 20mm, Vasta Stone with the technologies used brings unique specifications on a truly world-level product.

Strong development of Industrial Real Estate

In 2022, Viglacera recorded impressively growing real estate business results, pre-tax profit was estimated at VND 1,622 billion (reaching 133% of the year plan and growing 57% compared to 2021). This is also the field that plays a leading role and mainly contributes to the profit growth of the Corporation.

In the period of 2022 – 2023, according to the plan, the Corporation will survey and develop a number of new industrial parks in favorable locations. According to the orientation, by 2025, the Corporation will increase the total number of Viglacera-branded industrial parks to 20 with over 10 new industrial parks with a total increasing area of about 2,000 – 3,000 hectares to develop the fund of industrial land.

Pioneering in response to Government programs, implementing social housing and housing for workers projects

Viglacera has started construction of 2,000 apartments – Worker housing project in Yen Phong Industrial Park, Bac Ninh and 1,000 apartments in Dong Mai Industrial Park, Quang Ninh; The project in Dong Van IV Industrial Park has also been completed and is ready to go into operation; With the initiative in investing in the construction of worker housing in industrial parks, Viglacera contributes to the implementation of guidelines and policies of the Government and the Ministry of Construction on the development of social housing, housing for workers, especially when the situation of workers lack of stable accommodation is increasing with the speed of industrial development in Vietnam, thereby demonstrating Viglacera’s responsibility to the community as well as increasing the attractiveness of the industrial parks that Viglacera develops.

Export to European and American markets

Viglacera is the first Vietnamese enterprise to have a booth at the Cersaie Exhibition, Italy. This is the largest and most important international exhibition on technological innovation and technical innovation in the building materials industry, increasingly asserting its position as an ideal destination for investors, manufacturers, consultants, architects and designers operating in the field of construction, sales and production of ceramics and related industries.

Being the first enterprise to have a booth at the world’s largest exhibition to introduce the latest products to customers, Viglacera continues to affirm its leading position in the building materials industry in Vietnam. This is also the bridge to develop the business network, export Viglacera’s products to major countries in Europe and the US.

Production and business activities in the South have been promoted and effectively developed

In order to meet the market expansion and supply products directly in the Southern market, Viglacera has factories in the fields of Sanitary Ware (Viglacera My Xuan Porcelain, Viglacera Binh Duong Porcelain), Ceramic tiles (Viglacera Eurotile Brick Factory, My Duc Brick Factory) and Construction Glass (Viglacera Binh Duong Float Glass Company and Phu My Ultra Clear Float Glass Company). The factories have achieved efficiency which exceeds the plan in 2022.

Innovating and restructuring to be flexible and adapt to market developments

With difficult and unpredictable developments in the world and Vietnam’s economic situation, Viglacera has proactively restructured its activities to adapt appropriately; these measures have been bringing positive results to the company.

Accordingly, Viglacera focuses on restructuring to improve quality and human resource management; Diversifying sales channels/markets and customer files; Expanding and improving the quality of the sale points, increasing interaction directly and through modern platforms; Enhancing digitalization in sales activities and enhancing the actual experience for customers…

With these solutions, Viglaera’s business activities are more flexible, adaptable to market changes and more efficient.

It is anticipated that 2023 will be a challenging year for the world economy, including Vietnam. The question is how to overcome the upcoming headwinds.

HSBC increased its growth projection for Vietnam in 2022 from 7.6 per cent to 8.1 per cent. Despite describing 2022 as a year of rapid economic recovery and stating that Vietnam remains one of Asia’s leading growth economies, HSBC raised concerns about the economy’s risks in the coming years. Therefore, this bank predicts that Vietnam’s economic growth will be slowed, to only 5.8 per cent in 2023 rather than the previously predicted 6 per cent.

In fact, according to HSBC, after increasing by more than 17 per cent annually over the first three quarters of 2022, export growth slowed significantly in October 2022. November even saw a considerable reduction compared to the same period in the previous year.

According to the Ministry of Planning and Investment’s data, the country’s import-export turnover declined by 7.8 per cent in November compared to the same month in the previous year, when exports fell by 8.4 per cent.

The World Bank has raised concern as exports and domestic consumption, two key development drivers for Vietnam, have slowed. Ministry of Planning and Investment is likewise concerned about this, particularly when cash flow and liquidity issues make it difficult for companies to operate.

Vietnam’s economy faces several dangers and obstacles, particularly considering that the global economy is expected to become tougher in the next year. The American economic recession could significantly impact on the world economy, including Vietnam since the US is Vietnam’s largest export market.

While there are no strong indications that China may reopen its economy in the near future, Vietnam’s other main economic partner, Japan, has recently had inflation at a 40-year peak. The economy of Europe is also experiencing difficulties.

This situation poses a significant challenge for Vietnam since the miracle of exporting more than $700 billion in 2022 is likely to be disrupted. “The nation must prepare for the “hibernation period” of export”. HSBC commented.

(Source: Bao dau tu)

On December 25, Chan May Port Joint Stock Company cooperated with Hai An Transport and Stevedoring JSC (Hai An Company) to organize the opening of the first domestic container route at Chan May port, Phu Loc district, Thua Thien Hue province.

This event marks the opening of a new transport service route, promoting the development of logistics services and connecting Chan May seaport with domestic and international ports.

Potentials and advantages of Chan May Port

Chan May Port is a class-1 major general seaport of Vietnam and one of the seaports selected by the Asia Yacht Association to build a stopover for yachts in Southeast Asia.

The port is located between the two largest cities in the central region (Hue and Da Nang), a national key tourist area (Canh Duong – Lang Co – Hai Van – Bach Ma National Park), a national tourist town of Hue, a major tourist destination in Vietnam and the gateway to the East Sea, the closest and most convenient for regions in the East-West Economic Corridor.

At the opening ceremony, Chan May port welcomed the Hai An View container ship with a capacity of 1,577 TEUs, opening the Hai Phong – Chan May container transport service (Thua Thien Hue) – Ho Chi Minh City, routing 2 trips a week of Hai An Company. This event marked the opening of the first domestic container shipping service to Chan May.

Chan May port welcomed the Hai An View container ship with a capacity of 1,577 TEUs

Only 90km from Chan May Port, Phong Dien Viglacera Industrial Park is located in Phong Dien district, Thua Thien Hue province. This will be a favorable condition for goods import and export enterprises in the province as well as neighboring provinces and Laos to save freight costs.

With a total construction investment of up to VND 700 billion, Phong Dien Viglacera Industrial Park is a multi-industry, high-tech mixed industrial park, targeting low-polluting industries such as electronics, information technology, agro-forestry and aquatic products processing, food and beverage, textiles, construction materials, minerals mining and processing, sand mining and processing thanks to being located next to a quarry of good quality quartz sand with large reserves,…

Currently, the industrial park has a synchronous and modern system of technical infrastructure and services: internal traffic with main roads from 2-4 lanes, 22m to 33m wide, 110/22KV power supply provided from the national electricity grid, a water plant with a capacity of 11,000m3/day. Not only investing in the technical infrastructure of the industrial park, but Viglacera also demonstrates the social responsibility of the enterprise when it is expected to develop an urban area and housing area for workers right next to the industrial park in the future. The project contributes to solving the problem of accommodation for workers, indirectly supporting costs and creating abundant human resources for enterprises.

For more information, please contact:
VIGLACERA REAL ESTATE COMPANY
2nd floor, Viglacera Tower, No. 1 Thang Long Boulevard, Me Tri, Nam Tu Liem, Hanoi
Email: vir@viglaceraland.vn | Website: https://viglaceraip.com
Hotline: +84 888 25 22 88

From January 1, 2023, the seaport infrastructure fee for import and export goods transported by water to and from seaports in Hai Phong will be reduced by 50%.

Accordingly, at Hai Phong People’s Council meeting, term XVI, 9th session, the delegates voted unanimously to pass 35 resolutions: to amend and supplement Clause 2, Article 1 of Resolution No. 148/2016/NQ-HDND dated December 13, 2016 of the City People’s Council which regulates the fee, mode of collection, payment, management and use of fees for the use of infrastructure works, service works and public utilities in the area of Hai Phong seaport (seaport infrastructure fee for short). This is also one of the solutions to well perform the task of accelerating the renewal of the growth model and developing service activities for seaport and logistics activities in 2023.

The resolution takes effect from January 1, 2023 and Hai Phong People’s Committee is assigned to direct relevant departments, agencies and units to implement. This policy helps enterprises reduce a lot of pressure on costs.

(Source: Bao dau tu)