The government has passed a VND62 trillion ($2.6 billion) financial support package for poor people and businesses affected by the Covid-19 pandemic.

The package, approved by Prime Minister Nguyen Xuan Phuc Friday, targets six categories of individuals and businesses.

Poor people await aid from a charity group on Ly Chinh Thang Street in District 3, HCMC, April 3, 2020. Photo by VnExpress/Nguyet Nhi.

Those people losing their jobs due to the Covid-19 crisis for 14 days or more will get a monthly allowance of VND1.8 million ($77).

Part-time workers who are unemployed but have not received unemployment benefits will get a monthly allowance of VND1 million ($43).

Poor and near-poor households would receive VND250,000 ($10.7) per month while those with a record of meritorious services to the nation would get VND500,000 ($21.5) per month.

Household businesses with revenues below VND100 million ($4,300) a year who’ve have had to suspend operations from April 1 due to the Covid-19 pandemic would also be supported with VND1 million per month.

The financial support will be provided over at least three months until June. Of the VND62-trillion package, nearly VND36 trillion ($1.55 billion) will be taken from the central government and local administration budgets.

In addition, businesses that have suffered financial difficulties as a result of Covid-19 will be allowed to borrow money from the Vietnam Bank for Social Policies at zero percent interest to pay their employees’ salaries for three months. The loans will cover a maximum of 50 percent of the local minimum wage, and businesses will be responsible for paying the remaining salary.

The Planning and Investment Ministry has estimated that 250,000 workers will lose their jobs this quarter and another 1.5-2 million face a similar threat in the coming months.

The ministry has also warned that if the pandemic situation worsens, 400,000 would lose their jobs and three million more could be laid off.

The government has ordered “non-essential” businesses like massage parlors, karaoke bars, tourist and amusement sites, movie theaters, beauty salons, beer shops, restaurants, and eateries to be closed until April 15, saying the country was entering a critical two-week stage in its Covid-19 fight.

As of Friday morning, Vietnam had recorded 255 Covid-19 patients, 131 of whom have been discharged.

The Covid-19 pandemic has claimed 95,500 lives in 209 countries and territories.

Vietnam’s GDP growth hit roughly 3.82 percent in the first quarter, the lowest since 2010, due to the coronavirus impact, according to the General Statistics Office. Last year, GDP expansion hit 7.02 percent, the second highest growth figure in the last decade, after the record 7.08 percent in 2018. – VnExpress

Prime Minister Nguyễn Xuân Phúc on Wednesday approved Decree No 41/2020/NĐ-CP about the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.

The decree took effect immediately.

The extension would be five months from the deadline for payments.

Stores on Lương Văn Can Street, Hà Nội half close their doors, only serve take-aways or online orders due to the impact of COVID-19. Businesses now enjoy a five-month extension for tax and land use fee payments. — VNA/VNS Photo Ngọc Hà

Accordingly, businesses operating in agro-forestry-fishery, food processing, textile, garment and construction industry would enjoy the extension, besides those operating in transportation, warehouse, accommodation and catering, education, medical services and part-supply industry.

Others subject to the extension included small and micro – sized enterprises and credit institutions and branches of foreign banks which provided support to their customers who were hit by the COVID-19 pandemic following the requirements of the State Bank of Việt Nam.

The State Bank of Việt Nam would be in charge of announcing the list of eligible banks for the extension.

The five-month extension would be given to value added tax (VAT) of the assessment periods of March, April, May, June, the first quarter and the second quarter. As a result, the payment of VAT of March assessment period would be extended to September 20 while of second quarter assessment period to December 20.

For corporate income tax (CIT), extension would be given to the remaining sums of 2019, provisional tax of the assessment period of the first and the second quarter.

For household and individual businesses, the deadlines for paying VAT and CIT was extended to December 31.

Payment of land use fees would also extended five months from May 31.

The decree also allowed businesses operating in multiple sectors, one of which was subjected to the extension, would also enjoy the extension for all payable VAT and CIT.

The Ministry of Finance estimated that a total of VNĐ180 trillion worth of taxes and fees would be extended. Still, the sum would still be collected to the State budget within this year.

Taxpayers must submit a proposal to the tax management agencies before July 30 to be given the extension.

According to the finance ministry, more than 700,000 enterprises or 98 per cent of firms would be given the extension. — VNS

Each kWh of electricity will increase by nearly VND 144 to the average of more than VND 1,864 from March 20th, 2019

Specifically, the average electricity selling price will increase from VND 1,720.65 to over VND 1,864 per kWh (not included VAT). This Decision has just been signed and will come into force from March 20. This increase has been agreed by the Government. Previously, the Government also met with the Ministry of Industry and Trade and related ministries and agencies to discuss about raising electricity selling prices. So after more than 2 years having stayed at the same rate, the average retail price of electricity is adjusted to increase.

Vietnam raises its electricity prices by 8.36 percent on March 20, 2019. Photo by VnExpress

Earlier in March, the Ministry of Industry and Trade informed about the expectation to adjust electricity price at the end of the month.

“If the input costs are fully calculated, this adjustment must be at nearly 10%, but taking the macro factors into consideration, an increase of 8.36%, is used” said a Deputy Minister of Industry and Trade.

According to the Prime Minister’s Decision 24, electricity prices currently have had many different frames and rates for each customer group.

Regarding the impact on growth and the consumer price index (CPI), Ministry of Industry and Trade and General Statistics Office calculated that with an increase of 8.36% in electricity price, it will reduce by 0.22% of GDP and consumer price index (CPI) will increase by 0.29%.

Source: VnExpress

In the morning of 2 February 2020, Viglacera Corporation – JSC held a briefing to evaluate results of the production and business plan commenced in February 2020, and to launch business and production plan in March 2020.

The evolution of Covid-19 influenza epidemic has made a negative impact on production and business activities of the whole market recently, which also leads to a direct consequence of affected business results in February of Viglacera Corporation, for instance, Manufacturing factories suffer from insufficient input materials; export activities meet difficulties.

Despite the adverse circumstance, in the February and first 2 months of 2020, Real Estate sector of the Corporation surpassed the February plan and the accumulated profit in the first 2 months increased by 10% compared to the previous period. Industrial infrastructure leasing business is still a highly effective field of Real Estate Department in the first 2 months.

Delivering a leadership speech at the briefing, General Director Nguyen Anh Tuan directed the Corporation to stick to goals of March and the first Quarter plan of 2020, focus on solutions in management activities. Directors and officers shall be present at subsidiary units to engage themselves in problem-sovling and be proactive before all market developments in the near future.

In March, apart from deploying business and production plans in units in accordance with available plan, the Corporation also concentrated on implementing important works such as organizing Employees’ Meeting at units and holding the annual General Meeting of Shareholders 2020 in joint stock companies, preparing for the General Meeting of Shareholders of the Corporation in April 2020.

The whole Corporation focuses on following targets of production and business plan in March, the first Quarter of 2020; Assigning specific and clear tasks for each officers to ensure timely progress and quality of works under functions and duties of their respective departments and divisions; Reporting timely difficulties and obstacles to pinpoint solutions to ensure achievements of goals and progress as expected; Continuing to take preventative anti-epidemic measures in all units and Parent Company Office.

Viglacera launched the tree planting Movement for New Year of 2020 and ground breaking for office building in Yen My Industrial Park – Hung Yen

On January 31, 2020, the 7th day of Canh Ty Year, in the atmosphere of early spring and full of vitality, Viglacera Corporation holds an movement: “Tree planting for new year of 2020 and ground breaking for office building in Yen My Industrial Park – Hung Yen ” in Yen My Industrial Park, Yen My district, Hung Yen province.

During his lifetime, President Ho Chi Minh taught: “For a sake of ten years, a tree must be planted, for a sake of hundred years, a man must be educated”. Inspired by his philosophy, the leaders and all employees of Viglacera Corporation are always aware that planting trees and protecting the environment are important jobs which go closely with the comprehensive development process of the Corporation, contributing to the sustainable development of the industrialization and modernization of the country.

Yen My Industrial Park Project – the project was approved by the Prime Minister on May 30, 2018 with an area of 280 hectares and total investment of VND 2,348 billion, it is divided into 5 phases, granted with the investement certificate by the Management Board of Hung Yen Industrial Parks on July 30, 2018 and scheduled to complete the investment in technical infrastructure in the second quarter of 2023. The project is of great significance for local socio-economic development and expected to contribute to the industrialization and modernization of the country with the spirit of solidarity and strong will. This will be a modern, synchronized and environmentally friendly Industrial Park, in which the system of trees and grass will be a highlight to create a green and environmentally friendly landscape.

Mr. Nguyen Anh Tuan – Director of Viglacera’s Industrial Zone Development Joint Stock Company makes a speech to introduce the project in Yen My – Hung Yen

Currently, Viglacera is actively implementing Phase 1 to level about 90ha of land and constructing technical infrastructure along with the set schedule and quality assurance, on the other hand, it is also accomplishing procedures to build a clean water plant and waste water treatment plant by 2020.

In the jubilant atmosphere to welcome the New Year (Spring Canh Ty), the 90th anniversary of the Communist Party of Vietnam’s foundation. Delegates at all levels from Bac Ninh provincial Congress headed towards the 13th National Congress. On 30 January 2020 (the 6th lunar day of Spring Canh Ty). Viglacera Corporation solemnly held ceremonies for the groundbreaking of the infrastructure construction and business of Yen Phong 2C Industrial Park, Yen Phong District, Bac Ninh Province and the inauguration of social housing in Yen Phong Industrial Park.

Overview of the groundbreaking ceremony of Yen Phong IIC Industrial Park, Yen Phong District, Bac Ninh Province

Attendees of the ceremonies included: Mr Pham Hong Ha – Member of Central Committee of the Party, Minister of Construction; Mr Nguyen Nhan Chien – Member of Central Committee of the Party, Secretary of the Provincial Party Committee, Head of the National Assembly Delegation of Bac Ninh Province; Mr Dao Hong Lan – Alternate Member of the Party Central Committee, Permanent Deputy Secretary of Bac Ninh province; Comrade Nguyen Ngoc Diep – Director of Economic Department – Governmental office; Mr Tran Quoc Trung – Deputy Director of Industrial Park, Economic Zone Department – Ministry of Planning and Investment. Representatives of leaders from the Provincial Party Committee, People’s Council, People’s Committee of Bac Ninh province; Representatives of leaders from departments and units of Bac Ninh province; Representative of leaders from Departments and Division under Ministry of Construction and Ministry of Planning and Investment; Representatives of leaders from the Party, the Government and local people. On the side of Viglacera Corporation – JSC, reprensented by leaders: Mr Nguyen Van Tuan – Chairman of the Board of Management, Mr Nguyen Anh Tuan – General Director of the Corporation, Deputy General Directors, heads of Department and Division under the Corporation and directors of subsidiary units.

Mr. Tran Anh Tuan – Director of Management Board of key projects of Viglacera Corporation introduces about the project of Yen Phong 2C IP

Yen Phong 2C Industrial Park, which has a scale of 221 hectares was approved by the Prime Minister for investment policy under Decision No. 1139/QD-TTg dated 11 September 2018. With convenient geographical location, important traffic hubs such as Highway 18, New Highway 1A, 1B, Hanoi – Thai Nguyen highway make it effortlessly accessible to Noi Bai International Airport and Hai Phong port and Cai Lan port – Quang Ninh. Yen Phong 2C IP will be a location attracting multi-sector investment, mainly processing, manufacturing, high-tech and non-polluting industries. With its experience and capacity, in the shortest time, Viglacera has completed investment procedures and planned to compensate for the site clearance of approximately 100 hectares in the second quarter of 2020. Focus on expediting the investment in construction of technical infrastructure and leasing in accordance with commitments made to the local.

Deputy Secretary of the Provincial Party Committee, Chairman of Bac Ninh People’s Committee – Mrs Nguyen Huong Giang speaks at the ceremony

At the ceremony, Mrs Nguyen Huong Giang – Deputy Secretary of the Provincial Party Committee, Chairman of Bac Ninh People’s Committee gave a brief speech on achievements of Bac Ninh province in the the past time, especially in term of foreign investment attraction, IP developments, which are sources of local economic development. Yen Phong IP is one of 16 industrial parks which earns a lot of investors’ attentions. The provincial leaders also instructed relevant agencies to coordinate and facilitate investment in IPs. In particular, the availability of the housing area of Yen Phong IP will contribute to solving problems relating to the accommodation for workers employed in the Industrial Park, afirming Viglacera’s social responsibility, which play an important role in Socio-economic development process of Bac Ninh province. Deputy Secretary of the Provincial Party Committee highly valued the determination of Viglacera Corporation as a pioneer in the field of social housing and technical infrastructure construction. In addition, Bac Ninh departments and agencies continue to create favorable conditions for Viglacera to complete project projects in accordance with the progress, clear the site quickly enough,comply with regulations strictly , and improve investment attraction, create an outstanding highlight in socio-economic development of Bac Ninh province, etc.

Mr Pham Hong Ha – Member of the Party Central Committee, Minister of Construction speaks at the ceremony

Speaking at the ceremony, Mr. Pham Hong Ha – Member of the Party Central Committee, Minister of Construction evaluated: The commencement of construction and business on Yen Phong 2C Infrastructure Project has a practical meaning in celebrating the 90th anniversary of the Communist Party of Vietnam’s foundation and major national holidays, and this is the clearest evidence of Vietnam’s leading real estate and construction material business enterprise, who always shows social responsibility, make a positive contribution to the development of social security in locals, improve the quality of life for employees, strengthen the connection between employees and companies, promote business and production, attract investment in IPs, marking the strong growth of Viglacera in recent years. Minister Pham Hong Ha demanded Viglacera to focus all its efforts to deploy the project in time and with the best quality.

Ceremony of commencing Yen Phong IIC Industrial Park

When Yen Phong 2C IP comes into operation, it will contribute to promoting domestic and foreign investment attraction, reasonable exploitation and use of land fund, speeding up growth rate, shifting economic structure of the province, creating job opportunities, increasing budget revenues, developing regional economy and improving living standards of local people, and particularizing objectives set under the Resolution of the the 19th Party Congress Bac Ninh province, striving to make Bac Ninh province a civilized and modern city directly under the Central Government in 2022.

The construction of Yen Phong 2C Industrial Park is also the most practical action of Viglacera Corporation to celebrate the 1010 th anniversary of Thang Long – Hanoi, 75th year of National Day and 45th year of Vietnam’s liberation. After this groundbreaking ceremony, Viglacera pledged to focus all resources to execute site clearance, invest in technical infrastructure to ensure the quality, progress, synchronization, comfort, modern, good environmental resolution and put the Industrial Park into operation, get a clean ground ready to welcome large domestic and foreign investors to in the Industrial Park.

The inauguration ceremony of Worker Housing in Yen Phong Industrial Park, Yen Phong District, Bac Ninh Province

In the morning of the same day, Viglacera Corporation inaugurated Social-Housing in Yen Phong Industrial Park, buildings for workers with nearly 5,000 apartments for workers.

Social housing area for workers in Yen Phong IP is located in a complex of social housing and cultural institutions in Yen Phong Industrial Park, this is a complex of multi-function construction including: 01 primary school, 01 kindergarten, cultural houses (accomodate about 1,000 people), clinics and greenery spaces, gymnasiums, etc. are invested on 17,000m2 of land. The social housing for workers will be operated and solve accommodation problems for workers, indirectly support the cost and provide companies in need of many manufacturing laborers with abundant human resources in the industrial park. In addition, shortening travel time as well as indirectly reducing traffic flow, alleviate traffic congestion at peak hours, which is a pressing social issue today.

Viglacera is a company under Ministry of Construction, operating in two main business: Producing construction materials and real estate investment. For many years, Viglacera has always been a pioneer in producing and trading construction materials such as glasses, sanitary porcelain, ceramic tiles; At the same time, it is also known as a leading brand of all economic sectors in the field of IP infrastructure investment and social housing. Currently, Viglacera has successfully deployed 11 domestic and foreign industrial parks. The above mentioned industrial parks have attracted nearly 350 investors with a total investment estimated at 15 billion USD, especially Yen Phong IP attracted about 11 billion USD (with big investors such as Samsung, Orion, Intop, Mobase, etc. solve job problems for nearly 100,000 workers). This is an IP with the highest investment attraction in the country and generates large export income, contributing to the national export turnover.

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In the morning, 10 January 2020, Viglacera Corporation – JSC held a conference to evaluate the results of production and business activities and investment in 2019, and to deploy production and business plans and investment in 2020. In 2019, under intensive and flexible management of the Board of Management of the Corporation, consensus of all officers and employees, Viglacera has accomplished main targets as planned, continuing to claim the position of the leading enterprise in the field of construction.

Attendees of the Conference include: representatives of Ministry of Construction and leaders of functional departments of the Ministry of Construction; About Viglacera Corporation – JSC, there are comrades in Board of Corporation Development, Chairman of Board of Management Nguyen Van Tuan, General Director Nguyen Anh Tuan, and other members from the Board of Management, Deputy General Director, Head of Departments, divisions and key officers from subsidiary units; About guests, there are representatives of shareholders and investment funds.

Mr. Nguyen Anh Tuan – Deputy General Director of the Corporation made an evaluation report on production and business results in 2019 and deploying production and business plans in 2020

In 2019, under intensive and flexible management of the Board of Management of the Corporation, consensus and solidarity of all officers and employees; attention, facilitation of the Ministry of Construction and major shareholders on the process of restructuring the Corporation comprehensively. The results of production and business activities of the Corporation were achieved and exceeded the targets assigned by the General Meeting of Shareholders, especially the Parent Company has shown the leading role with VND 718.9 billion, 11% higher than the plan in 2019. Consolidated profit of Viglacera Corporation – JSC reached VND 961.5 billion, which was equivalent to 101% of the plan approved at the General Meeting of Shareholders.

Mr Dau Minh Thanh – Director of Enterprise Management Department – Ministry of Construction speaks at the Conference

At the Conference, Mr. Dau Minh Thanh – Director of Enterprise Management Department – Ministry of Construction highly valued the results achieved in production and business activities in 2019 by Viglacera Corporation. Following the Government’s policy in equitizing state-owned companies, the Ministry of Construction will continue to carry out steps to divest its capital remained at Viglacera-JSC in 2020.

Mr. Nguyen Van Tuan – Chairman of Board of Management of Viglacera Corporation delivers a leadership speech at the Conference

Speaking at the Conference, Mr Nguyen Van Tuan – Chairman of the Board of Management of the Corporation reviewed the results of production and business activities in 2019 and identified objectives and plans for 2020. Regarding the field of construction materials, versatile and environment-friendly products will be developed, streamlined operational procedures will be built with specific KPI evaluation, R&D activities on new product development will be focused, information technology will be applied in production to minimize costs. Besides, the Corporation will continue to invest in building and maintaining Viglacera brand. Regarding sales activities, the domestic market continues to be stablized to promote export markets. As regards real estate section, investment in infrastructures of industrial parks and social-housing construction will be pursed, improved operational activities will be a part of building Viglacera brand into a leading developer of industrial parks in the region, new land fund will be centralized on areas neighboring large-scale ports, the orientation is to aim at developing markets the Central and Southern region.

Mr Nguyen Anh Tuan – General Director of Viglacera Corporation speaks at the Conference

In 2020, the market is inevitably a tougher year than 2019, General Director Nguyen Anh Tuan stated that there would still be opportunities, on the bright side, to be exploited from the integration and export activities. The General Director commemded units that outdid the plan in 2019 and requested all units to figure out solutions for a more sustantial development in 2020. With respect to management on production and business of construction materials, the General Director directed the Glass Group to focus on the market and product consumption plans when Phu My Ultra-Clear Glass Factory came into operation, Viglacera Float Glass Company needed to push lowE-glass production to their peak capacity. Sanitary Wares and Ceramic Tiles Group should develop product lines of large tiles, sanitary-ware factories needed to stabilize production to meet the plan, by 2020, the market would witness a breakthrough in this product group, therefore, effective business options for the output are required. Regarding real estate section, investment in infrastructures of industrial parks and social-housing will be continued, focusing on supplying in utilities for projects. On the occasion of the New Year, General Director Nguyen Anh Tuan wished all officers and employees of Viglacera a happy new year, with the best health, joyful and safe year.

In 2020, the Corporation will undergo a fundamental change in capital ownership, besides favorable factors such as the economy continues to recover, business environment is counting enterprise community’s blessings, and macroeconomic situation is temporarily stable, the inflation is under control … These are the positive factors and conditions that raise the development of Viglacera Corporation – JSC to a new level. Positive results acquired in 2019 will be the foundation for the Corporation to execute successfully the production and Business Plan for 2020 and the 5-year Plans (2021-2025).

2019 is recognized as a successful year of Viglacera Corporation – JSC with many outstanding achievements, helping Viglacera maintain its position as a pioneer in the production of construction materials and real estate investment. Estate in Vietnam. In retrospect, outstanding events of Viglacera was marked by impressive numbers:

1. VIGLACERA – 45-year-journey of development, on this occasion, Viglacera was honored to receive the First-class Labor Medal for the second time

The 25th day of July 2019 was an important milestone when Viglacera Corporation had developed for 45 years. The journey was marked by generations of leaders and the collective of officers and employees who have established the foundation for the growth of Viglacera today. The 45-year-mark was a major change of Viglacera when embarking on a new turning point. Viglacera has become a leading manufacturer of construction materials and real estate in Vietnam, operating in all areas of the country and reaching out to international markets.

2. The milestone of State equity divestment to 38.85%, Viglacera Corporation operates under a new model, starting a new term of 2019-2024 with numerous huge turning points

2019 witnessed the turning point of the Corporation, when the State equity structure has decreased to 38.85%. The operational model and management of the Corporation has been shifted to the model of a public company through regulations of management close to domestic and international companies with dominant production technology and management level. The new Board of Management and Supervisory Board of the Corporation was elected at the Annual General Meeting of Shareholders. Viglacera Corporation – JSC has started a new term 2019 – 2024 with huge great turning points.

3. Viglacera officially listed VGC shares on HOSE

Following the Resolution of the General Meeting of Shareholders, on 29 May 2019, the stock code of Viglacera Corporation – JSC has officially been listed 448,350,000 shares on HoSE. This offers a good opportunity to raise capital, create resources for stable and sustainable development of the Corporation, however, transparency in governance is highly demanding, publicity and compliance are also required for higher standards of listed companies. Viglacera’s strength, according to investors, is its large production capacity, especially on construction materials and real estate, valuable assets under its possession and healthy financial structure. Viglacera Corporation – JSC has been rated by the Enterprise Performance Assessment Program as one of the Top 100 Enterprises with the best financial management capacity index on Vietnam stock exchange.

4. The results of production and business activities in 2019 of the whole Corporation exceeded planned profit 2019 ratified at the General Meeting of Shareholders

The real estate market and construction materials in Vietnam in 2019 continued to face many difficulties and high competitiveness from domestic and foreign products. Taking the initiative before these incidents, Viglacera Corporation always has solutions to optimize internal capacity, coming up with new directions to enhance competitiveness and affirm its pioneering position. The production and business results of 2019 reached targets raised by the General Meeting of Shareholders, especially the parent company has shown the leading role with an estimated profit of VND 718 billion, exceeding 10% of the plan 2019. The consolidated profit of Viglacera Corporation – JSC was VND 955 billion, equivalent to 101% of the plan approved at the General Meeting of Shareholders, while the other index closely follows the targets set in 2019.

5. Honoured with “World Class” award for the first time – First prize in the Asia-Pacific International Quality Award GPEA 2019; Viglacera Corporation – JSC once again affirmed its efforts to reach out to the “large sea” gradually with many investment items on an international scope, built and proved its brand in the domestic and international market

In 2019, Viglacera won several prestigious awards: being honored with the National Gold Quality Award for the second time in 2019, being honoured with Strong Brand for the 11th consecutive time to in 2019, Top 50 most valuable brands in Vietnam 2019 (Brand Finance). With the orientation of building and implementing a sustainable growth strategy, Viglacera has been constantly striving to improve product quality, apply high technology and smart technology to research and develop “green”, Environment-friendly products. Currently, not only does Viglacera brand secure a steady position in the domestic market but also gradually conquers markets in the region and in the world.

6. Viglacera launches the first specialized faculties in Vietnam: Faculty of construction glass – Faculty of ceramic tile – Faculty of construction – Faculty of construction ceramics, extensive training in human resource development.

The key to success is to invest in human elements, develop high-quality human resources – a decisive motivation for the development of the Corporation in the integration period. Therefore, in order to meet needs of human resources in the coming period, Viglacera College has consolidated its organizational model to implement the training and human resource development tasks of the Corporation effectively and provide human resources for the construction-material industry in Vietnam. Viglacera officially opened 04 faculties to provide training in construction materials: Faculty of construction glass – Faculty of ceramics tiles – Faculty of construction – Faculty of construction ceramics.

7. The inauguration ceremony of Viglacera Autoclaved Aerated Concrete Factory – State-level Science and Technology topic and the release of green technology products for modern construction

The production line for Autoclaved aerated concretes (AAC) blocks and Autoclave Lightweight Concrete (ALC) panels with a capacity of 200,000 m³/year is a project under the state-level science and technology topic: “Scientìic and technological Researches for designing, manufacturing equipment line, technology to produce AAC with capacity of 200,000 m3/year”, chaired by Ministry of Construction and Ministry of Science & Technology. The project has been accepted and put into production.

The development of green materials, green buildings is an inevitable trend and of practically meaningful. The application and development of the project at Viglacera AAC factory is an imperative solution, which is the orientation of Viglacera’s developing production technology for Green Building Materials in the hope of joining hands to build a “green real estate” market.

8. Developing new generation of ceramic tiles, expanding Viglacera Pro showroom system and centers nationwide

Viglacera has taken a step ahead to develop the first new product on the market: Viglacera platinum bricks 20mm and color-body bricks. In addition, the nationwide development of Viglacera Pro and Eurotile Center showroom systems has become a channel to introduce products to customers.

The exceptional development of ceramic tile manufacturing industry has gradually replaced double-charge technology with digital-printing and enamel-printing technologies to meet various needs of customers. Viglacera has pioneered to producte color-body bricks.

The product line “Viglacera Platinum 20mm” is the most noticeable among Ceramic tile group. Inspired by natural stones, Viglacera pioneered to introduce a collection of high-class Porcelain tiles PLATINUM 20 mm-thick. This is a breakthrough in the technology of manufacturing premium construction materials: the most durable, the best bearing capacity, well protective against harsh weather, waterproof, anti-slip, etc. and safe for users and environmentally friendly. PLATINUM 20 mm is also perfectly aesthetic. With neutral colors and fine-grained stripes, PLATINUM 20 mm brings uniformity of interior and exterior design and luxurious, long-lasting living space.

9. Santa Cruz Brick Factory under the management of SANVIG Joint Stock Company has started a production line of high quality ceramic and sanitary porcelain tiles in Cuba

After more than one year of operation, the first ceramic bricks at Sanvig factory obtained high quality with various designs thank to the use of digital matte-coating – an advanced technology applied in the production of ceramic tiles in Cuba for the first time, Sacmi five-layer dryers, Sacmi modern roller kilns, etc.. Along with porcelain sanitary products, SANVIG-brand ceramic tile will be packaged immediately and available in the market and will be granted the honor to be in use of buildings that serve the celebration of 500-year-capital La Havana – Cuba.

10. Inauguration of energy-saving glass processing factory

On 06 December 2019, Viglacera held the inauguration ceremony of Viglacera Energy-saving glass processing factory. With this project, Viglacera’s glass processing technology would fully satisfy high-end demands in the field of “green” building construction, energy-saving and environmental friendliness. In fact, energy saving glasses (ESG) are popularly consumed in the world and are attracting concerns to put them in use in Vietnam. ESG require the following processing stages before being applied in the construction: tempering, lamination, insulation, etc.

Currently, there are a small number of factories in Vietnam that can process ESG, especially low-e softly-coated with two or three layers of silver. Understanding this importance, Viglacera has invested in an ESG processing factory in Yen Phong Industrial Park, Bac Ninh Province. The factory consists of a full convection-glass-tempering processing line and high-speed automation of insulating-glass processing line.

Viglacera offers a comprehensive product ranging from Low-E glass coatings production and energy-saving glass processing.

The United States Trade Representative Office announced that import tariff imposed on 7.5 billion USD EU goods will come into force from 18/10/2019.

On Monday, the Dispute Settlement Office under the World Trade Organization (WTO) greenlighted the Washington’s record tariff on a range of European goods. At the beginning of the month, a verdict of Airbus received billions of illegal subsidies from the regional countries had been delivered.

After that, the United States announced the tariff of 10% on Airbus planes made in Europe and 25% on French wines, whisky, cheese and olive.

An aircraft A350 of Airbus in France. By Reuters

In the meeting with the Italian President, Sergio Mattarella on Wednesday, Donald Trump asserted that the United States would not lose in the trade war with the European due to the remaining considerable trade inequality. “We used to be in a difficult position for many years. But now, they are the one meeting difficulties because I’m able to easily remedy the situation”, he said.

The US’s tariff on Airbus can inflict harms for many American airlines like Delta. They currently have ordered a number of billions-dollar bills with the airframe. Phil Marfuggi – the president of Cheese Importers Association of the America estimated that his firms would face an extra cost of 70000 USD for 12 containers due to arrive in the US’s port after October 18.

Robert Tobiassen – the president of the Beverage Importers Association of the America said approximately 12000 beverage importers will be suffered from the new tariff on EU wines. “The tariff will cause a potential damage to many small and medium family companies”, he said.

Gross Domestic Products (GDP) in the first nine months of 2019 is estimated to increase by 6.89% compared with the same period last year and is the highest increase in first nine months over last nine years.

According to the latest report of General Statistic Office, GDP of the third quarter of 2019 was estimated to increase by 7.31% compared with the same period last year, higher than the increase of 6.82% and 6.73% of the first and the second quarter, respectively. In general, GDP of the first nine months of 2019 was estimated to increase by 6.98% in comparison with the same period last year, which is the highest increase in nine months over the last nine years. In the general increase of the entire economy, the agriculture, forestry and fishery sector witnessed an increase of 2.02% (increased by 3.7% compared with the same period in 2018), contributed 4.8% to the gross growth. Industry and construction sector and service sector grew 9.36% and 6.85% and contributed 52.6% and 42.6% to the gross growth respectively.

According to the General Statistic Office, the major motivation in the first nine months of economic growth was the processing industry (increased by 11.37%) and market services (wholesale and retail; financial activities, banking and insurance; transportation and warehouse, and information and communication grew 8.31%, 8.19%, 7.82% and 7.65% respectively)
In terms of economy structure in the nine months, the agriculture, forestry and fishery sector accounted for 13.2% GDP, industry and construction sector comprised 33.98% GDP; and service sector made up 42.74% GDP.

Product tax excluding product subsidy accounted for 10.08% (equivalent structure of the same period 2018 was 13.94%, 33.50%, 42.51%, 10.05%).

As far as the proportion of GDP is concerned in the nine months of 2019, the final consumption increased by 7.20% compared with the same period of 2018, accumulated asset grew 7.68%, export of goods and services rose by 7.41%, import of goods and services increased by 8.78%.

On October 4, 2019, Viglacera Corporation held a briefing meeting to evaluate production and business results in the third quarter and the first nine months of the year, as well as deploy the production and business tasks for the last 3 months of 2019. Viglacera’s result in the first 9 months of the year has recorded that the parent company’s profit has reached and exceeded their plan.

Attending the meeting were Mr. Nguyen Van Tuan – Chairman of the Board of Directors, Mr. Nguyen Anh Tuan – General Director, members of the Board of Directors, Supervisory Board, and Deputy General Directors together with the unit directors and the key officials of departments from the Corporation.

Mr. Nguyen Anh Tuan – Deputy General Director of the Corporation reported the overall evaluation of business results in the third quarter, the first 9 months of 2019

According to the evaluation report, the results of the business plan implementation in September include: profit before tax of the whole Corporation reached 103% of the monthly plan, and nine-month accumulation reached 109% of the nine-month plan and 80% of the whole 2019 plan.

Ms. Tran Thi Minh Loan – Director of Finance and Accounting Department & Ms. Pham Ngoc Bich – Head of Supervisory Board evaluated the recorded figures in the report on Business Results of Quarter III and in the first 9 months of 2019

The construction materials market in general is still in a difficult period, but with the support of the real estate field, the Corporation’s other targets basically follow the plan from the beginning of the year. Achievements from the industrial parks’ real estate sector proved the Corporation’s right decision.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors chaired the meeting

Based on the results achieved in the third quarter and in the first 9 months of 2019, Viglacera sets a target plan for the last 3 months of 2019 including continuing to follow the monthly targets of each unit and each group and resolving promptly the arising problems to well achieve the committed plan. Exports have been specially focused and elaborated with a detailed implementation plan right from the fourth quarter of 2019 and prepared for the 2020 plan with the aim at reducing the pressure of domestic competition as well as affirming the Viglacera brand.

Mr. Nguyen Anh Tuan – General Director of the Corporation at the meeting

In order to complete the set plan, General Director Nguyen Anh Tuan said: “The overall market in this year and the next year will still be in difficulty, and the competitiveness will be greater. After this meeting, all unit Directors and officials are requested to concentrate on setting up a specific action plan in production and business activities, overcoming all difficulties in order to complete the fourth quarter committed plan and the 2019 plan”. As a preparation for the 2020 plan, the General Director ordered the units to determine the orientations for product development, to readily take any opportunities and to anticipate any difficulties to be proactive in every situation. In addition, the divestments of the Corporation at the Red Brick Block Units should be implemented in accordance with the schedule committed at the General Meeting of Shareholders.

From the achieved results, it shows that Viglacera is proactively and actively implementing the planned targets with the determination to complete the business and production plan. Facing with the common difficulties of the whole market, Viglacera has been maintaining production and business activities in the fields of real estate and construction materials, ensuring the progress of investment projects, proactively proposing synchronous and timely measures in production and business administration to scomplete the plan for the fourth quarter and the whole of 2019.

After inauguration in the afternoon September 29, Bac Giang – Lang Son highway shortens traveling time between Hanoi and Lang Son from 3.5 hours to 2.5 hours compared with Highway 1.

The project Bac Giang – Lang Son highway has a total investment of 12.189 billion VND, including 2 components: 100km enhanced Highway 1 through Bac Giang and 64km Bac Giang – Lang Son City express way.

The highway starts at km45+100 intersecting Highway 1 in Mai Sao commune, Chi Lang district, Lang Son and ends at km108+500 connecting Highway 1 with Hanoi – Bac Giang. The highway is 25m wide including 4 lanes and 2 emergency stopping lanes with a designed speed of 100km/hour.

Bac Giang – Lang Son highway before inauguration. Image: Bá Đô.

Speaking at the inauguration, The Deputy Prime Minister Trinh Dinh Dung highlighted that this is the lifeline route being one of 7 radial highways to Hanoi. This route will ensure regional provinces’ national defense, reduce congression on the Highway 1 and promote the provinces’ services and production.

The Deputy Prime Minister recognized the attempt of the investors and the locals in basically completing the inauguration within less than 2 years as well as asked Ministry of Transport and investors continuously implement Huu Nghi – Chi Lang and Dong Dang – Tra Linh (Cao Bang) route for a synchronized connection with Bac Giang – Lang Son route.

Mr. Trinh Dinh Dung said the Government has planned road system by 2020; and by 2030 the whole country will have 6.411 km of highway in all 3 regions.

The project Bac Giang – Lang Son was commenced construction in 2015; however, because of the lack of resource and management capacity of the investors at that time, the project was delayed nearly 2 years. Until June 2017, the highway 1 component only reached 13% of output and expressway component was not deployed. The head investor at that time, Mr. Nguyen Van Duong (under UDIC Company) was criminally prosecuted in the case of hi-tech gambling, therefore, the project was completely suspended.

In June 2017, new investors were invited to join the Bac Giang highway project by the Ministry of Transport. After 2 years conducting, the project has reached the scheduled progress set by the Government and the Ministry of Transport.