HAI PHONG – The coastal road project in the Hai Phong – Thai Binh section is scheduled to open to traffic in early 2021, but only 35% of the volume has been completed so far.

The investment project to build a coastal road covering Hai Phong – Thai Binh section will be 29.7 km long, with 4 motorized lanes, and 2 non-motorized lanes, with a total investment of more than 2,460 billion VND in the form of Building –Operation – Transfer (BOT). In which, the section through Hai Phong city is 20.7 km long and the section through Thai Thuy district (Thai Binh) is 9 km long.

The project was started in May 2017, according to the plan it was expected to open to traffic in early 2021. However, the project has only completed 35.4% of the construction and installation (equivalent to VND 872 billion of the contract value).

The bridge over the Van Uc river with a length of nearly 2km belongs to the Hai Phong – Thai Binh coastal road project, is under construction on the side of Kien Thuy district, while the other side of Tien Lang district has not been constructed due to problems of site clearance and investors ’capital shortage. Photo: Giang Chinh

Mr. Huynh Van Hieu, Project Manager of Hai Phong Coastal Road Investment Co., Ltd., explained that it was difficult for businesses to access loans from banks and was facing problems in site clearance. As many as 1,523 households and organizations whose properties are in the area of land have basically agreed to receive compensation. However, some households have not received the compensation, even some have but they still want to make a petition about the compensation price and the origin of the land.

For example, 4 aquaculture households in Tien Lang district located in the clearance area for construction of the Van Uc river bridge have temporarily received more than VND 2.7 billion since 2019, but they have not yet handed over the site to the contractor for construction, even they are still claiming.

The first part of one kilometer long has been covered with asphalt. Photo: Giang Chinh

From the investor’s perspective, Mr. Do Anh Tuan, Director of Hai Phong Construction Investment Project Management Board, said that the project did not reach the signed schedule due to the dependence on bank loans. When the bank tightened the loan, the contractor almost stopped the construction.

Inspecting the construction of the route in mid-March, the Secretary of the Hai Phong’s Party Committee Tran Luu Quang affirmed that the coastal road project is an important traffic route related to the development of regional connectivity and national security. He required localities to focus on clearing land and arranging resettlement for affected people.

It is expected that the project will be completed and put into operation from June 2023, after the parties agree to sign the contract appendix in March 2022.

Source: VnExpress

Under unprecedented difficult conditions, Vietnam has overcome great challenges from the Covid-19 pandemic with the achievement of attracting FDI which is considered the “bright spot” of the national economic picture. By September 2021, Vietnam has 1,212 new projects, with a total newly registered capital of nearly 12.5 billion USD (up 20.6% over the same period last year). In which, Phu Tho contributed 900 million USD/31 billion USD from foreign investment, ranking 14th out of 63 provinces and cities. Phu Ha Industrial Park is considered a key industrial zone of the province, a potential destination for domestic and foreign investors.

In March 2022, Future Innovation Co., Ltd. decided to expand in Phu Ha Industrial Park. This is an enterprise of the Hong Kong electronics group, which has been operating a factory since November 2021. In less than 6 months of operation, the company quickly decided to lease more land in the same area to develop production. On an expanded area of 55,000m2, with a total investment of 30 million USD, Innovation will produce bluetooth wireless headsets and other products related to audio and electronic equipment, and supply them to Apple Corporation. This choice has shown the trust of the business to the investor, as well as affirmed the prestige of Viglacera Corporation.

Phu Ha Industrial Park has synchronous and modern technical infrastructure and services.

Started in 2015, Phu Ha Industrial Park has become a reliable address, continuously receiving attention from domestic and foreign investors, especially electronic and high-tech enterprises with a coverage of leasing land over more than 100ha. Among the investors, some can be mentioned such as company BYD Electronic (International) (China) pours 269 million USD into investment capital in manufacturing, assembling and repairing electronic devices for iPad; Asentec company (Korea) manufactures wheel speed sensors, power cables and components and spare parts for Hyundai cars; ActRo Vina company (Korea) manufactures and processes camera components for mobile phones and other electronic devices to export and supply to Samsung, LG, etc.; INOUE Rubber company (Japan) owns the tire brand IRC Tire with more than 90 years of experience in manufacturing all kinds of tubes and tires for two-wheeled vehicles including bicycles, motorbikes, wheelchairs, and 7 factories worldwide, supplying products to Honda Vietnam, Yamaha Vietnam and other assemblers, with a total investment of 60 million USD.

Factory in Phu Ha Industrial Park

Despite the complicated developments of the Covid-19 epidemic, the industrial zones developed by Viglacera are still the destinations of more than 40 domestic and foreign investors, successfully attracting large production and technology corporations, large corporations multinational companies such as Wiselead, Foxconn (Taiwan), BYD (China), Hyosung, Amkor (Korea), etc. with investment capital up to billions of USD, total leased area of more than 220 hectares. In response to optimistic forecasts about the economic recovery in 2022, Viglacera Corporation has been constantly making efforts to focus on site clearance and infrastructure improvement in order to promptly meet the land demand for industrial production and welcome the next wave of investment.

Phu Ha Industrial Park (Viglacera) with a scale of 350 hectares, is located in Phu Tho town, easily connected to Noi Bai – Lao Cai highway through Interchange (IC) 9, belongs to the economic corridor Hai Phong – Hanoi – Lao Cai – Kunming (China), near Ho Chi Minh road, convenient to move to Noi Bai airport (45 minutes), Hanoi center (1 hour) and surrounding areas. The industrial park has completed synchronous and modern technical and service infrastructure. In the future, the social housing area located right next to the industrial park is expected to provide 698 apartments, housing for 2,500 workers in the industrial park. With the above advantages, Phu Ha Industrial Park becomes one of the top choices for businesses wishing to expand production in the North.

For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: www.viglaceraip.com

Under the direction and sponsorship of the Vietnam Real Estate Association, Reatimes and VIRES successfully held the Ceremony of Honoring the Leading Real Estate Brand in 2021 – 2022 on March 15, 2022 in Hanoi.

The Ceremony of Honoring the Leading Real Estate Brand in 2021 – 2022 recognizes and honors the steadfast spirit and development strategy that adapts to the new circumstances of Vietnamese real estate enterprises. These are also excellent brands with many contributions, known as “leading birds” driving the real estate market to develop more transparently, healthily, stably, and reach new heights. At the same time, the Honor Ceremony also inspires real estate businesses to make efforts to build and create modern and civilized living spaces in each Vietnamese city.

Mr. Pham Hong Hai – Deputy Director of Trade Department on behalf of Viglacera Corporation – JSC is honored to receive this award.

Despite being significantly affected by the Covid-19 pandemic from the beginning of 2020, the industrial zones developed by Viglacera are still the destination of more than 40 domestic and foreign investors over the past time, they are also the choices of manufacturing corporations. and large technology, multinational corporations such as Foxconn (Taiwan), BYD (China), Hyosung, Amkor (Korea), … with investment capital up to billions of USD and a total leased area of more than 220 hectares.

Currently, Viglacera has been investing in 11 industrial zones in Vietnam and one economic zone in Cuba, attracting 15 billion USD in FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the local area. Thanks to the advantage of being located in many provinces, its industrial zones bring diverse choices for investors, meeting the needs of each business. Facing optimistic forecasts about economic recovery in 2022, Viglacera Corporation will continue to focus on site clearance and infrastructure improvement to promptly meet land demand for the production industry and be in a good position to welcome the next wave of investment.

The program collects vote for the leading brand in Vietnam’s real estate market in the period of 2021- 2022 from 500,000 readers on the Reatimes.vn system and a direct, independent and objective voting Council, including journalists who are in charge of economic – construction – real estate sector; leading experts in economics – law – planning – architecture – construction – real estate in Vietnam.

Singapore topped the foreign investors’ list with more than $1.7 billion, up 59.3 percent year-on-year in the in the first two months of this year.

Workers at a garment factory in Ho Chi Minh City in 2021. Photo by VnExpress/An Phuong

It was followed by South Korea with over $1.4 billion, down 12 percent, and China with nearly $538 million, down 29.3 percent, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

As of Feb. 20, 51 countries and territories had pledged to invest a total amount of $5 billion in the country; 91.5 percent of the same period last year.

FDI disbursement in the first two months rose 7.2 percent against last year to $2.7 billion, the FIA said.

The investments in the first two months this year had gone into 17 industries, with the processing and manufacturing industry dominating with an intake of over $3.13 billion, or nearly 63 percent of the total registered capital.

The real estate segment ranked second with a total capital of more than $1.5 billion, making up more than 30 percent of the total.

Among large-scale FDI projects registered in the first two months are one to build urban service infrastructure for the Vietnam Singapore Industrial Park in the northern province of Bac Ninh, which attracted an additional capital of $941 million, and the Samsung Electro-mechanics Vietnam Company project with an increased investment capital of $920 million in the northern province of Thai Nguyen.

Ho Chi Minh City continues to lead in overall FDI attraction with more than $52.8 billion, accounting for 12.6 percent of the total, followed by its neighbor Binh Duong Province with nearly $37.8 billion and Hanoi with nearly $37.6 billion.

Source: VnExpress

In the atmosphere to welcome the new spring, on February 8, 2022 (ie, January 8 of the year of the Tiger), Viglacera Corporation – JSC solemnly held the Groundbreaking Ceremony of Thuan Thanh I Industrial Park project and launched New Year’s tree planting Spring Tiger in 2022. Simultaneously, construction of 2,000 apartments – Worker housing project in Yen Phong Industrial Park, Bac Ninh province has started.

The event marks the next important step in 2022 of the Corporation, continuing to affirm the leading enterprise of the Construction industry; Prestigious brand not only in the field of production of building materials, but also leading in industrial park infrastructure investment, real estate investment, social housing development, especially housing for industrial workers.

Attending the groundbreaking ceremony were Minister of Construction Nguyen Thanh Nghi, Deputy Minister Le Quang Hung and representatives of leaders of Departments and Institutes under the Ministry of Construction; Provincial Party secretary of Bac Ninh Dao Hong Lan and representatives of leaders of Bac Ninh province, Thuan Thanh district, Yen Phong district; representatives of leaders of central ministries, leaders of Viglacera Corporation and enterprises participating in investing in Yen Phong Industrial Park…

To build Thuan Thanh I Industrial Park into a modern, high-tech and sustainable eco-system

Possessing a prime location in many cities and provinces, Viglacera’s industrial park offers a variety of options for investors to suit the needs and specific purposes of each business. Particularly in Bac Ninh, Viglacera has been investing in 5 industrial parks including Tien Son Industrial Park, Yen Phong I Industrial Park, Yen Phong Expanded Industrial Park, Yen Phong 2C Industrial Park and Thuan Thanh I Industrial Park.

Mr. Tran Anh Tuan – Director of Construction Investment Projects Management Board of Viglacera Corporation reported on the project at the Ceremony

With a scale of nearly 250 hectares, Thuan Thanh I Industrial Park has been approved by the Prime Minister for investment policy in Decision No. 210/QD-TTg dated February 17, 2021, with a total investment of nearly 3,000 billion VND. Thuan Thanh I Industrial Park invested by Viglacera Corporation is a new industrial park in Bac Ninh province invested and built in the direction of modernity and high technology to promote economic development of Thuan Thanh district and Bac Ninh province.

Thuan Thanh I Industrial Park has a convenient geographical location, near important traffic hubs such as National Highway 17, National Highway 38, Ring Road 4, very convenient to Noi Bai International Airport, Cat Bi, Van Don and go to Dinh Vu seaport – Hai Phong, Cai Lan seaport – Quang Ninh. In addition, the industrial park has modern and synchronously developed technical and service infrastructure. Thuan Thanh I Industrial Park will be a multi-functional industrial park, focusing on attracting multi-sector investment, mainly in supporting industries, electronics, information technology, household goods, machinery and equipment, and non-polluting industries, environmentally friendly… towards a sustainable ecological industrial park.

Minister of Construction Nguyen Thanh Nghi directed at the ceremony

Notably, the industrial park has a long operating time and is ready to hand over land from the second quarter of 2022.

Besides, right next to the industrial park, Viglacera plans to build a residential area for experts and workers with a scale of about 30.5 hectares to support workers and businesses in the industrial park.

Provincial Party secretary of Bac Ninh Dao Hong Lan spoke at the Ceremony

Appreciating Viglacera’s achievements over the past time, Ms. Dao Hong Lan – Provincial Party secretary of Bac Ninh said: During 25 years of establishment and development, implementing the orientation to build Bac Ninh province into a modern industry province, the province has focused on developing the infrastructure of industrial parks to collect and attract investors from 38 countries and territories around the world. Bac Ninhhas invested and implemented the industrial development strategy, including the development of the high-tech industrial, electronics industry. Up to now, Bac Ninh has 16 industrial parks with a total area of ​​6,398 ha, put into operation 1,725 ​​projects (nearly 80%) with a total capital of about 22.2 billion USD…

In order for the Thuan Thanh I Industrial Park project to ensure on schedule and achieve high efficiency, Secretary Dao Hong Lan proposed to assign the Party Personnel Committee of the Bac Ninh Provincial People’s Committee to direct the departments and agencies of the Thuan Thanh District People’s Committee to continue creating favorable conditions for the investor to soon complete the project according to the set schedule; focus on speeding up the clearance of the remaining area of ​​the industrial park and putting it into use according to the approved plan; At the same time, the investor, the project management unit of the IP is urgently completing the technical infrastructure of the IP, ensuring the best quality, safety and construction time in accordance with the provisions of law…

Groundbreaking Ceremony of Thuan Thanh I Industrial Park – Bac Ninh and Launch of Tree Planting Festival Tiger Spring 2022

In addition, Thuan Thanh district departments and agencies actively coordinate with provincial authorities as well as project investors to create a common consensus for adjacent projects; continue to attract large investors to create widespread influence, build Thuan Thanh I Industrial Park with high quality and improve competitiveness in attracting investment…

Believing that, with the attention and facilitation of the central agencies, the drastic direction of the provincial leaders and with the capacity, responsibility and efforts of Viglacera along with the companion and support of all levels. Bac Ninh’s government committees, agencies and branches, Thuan Thanh I Industrial Park will be completed on schedule with high efficiency, making an important contribution to investment attraction and socio-economic development of Bac Ninh province.

In harmony with the general joy of the whole country on the working day to open the Lunar New Year 2022, Viglacera Corporation launched the Spring Tree Planting Festival 2022 in response to Uncle Ho’s teaching “Cultivation of the soil serves 10 years’ interest”. This is also Viglacera’s message to a green future, a good new beginning for the movement of planting trees, taking care of the landscape, protecting the environment, contributing to building a comprehensive and sustainable country.

There will be 2,000 more apartments for workers in Yen Phong Industrial Park

Along with the above event, Viglacera Corporation – JSC held the groundbreaking ceremony to build 2,000 apartments – Worker housing project in Yen Phong Industrial Park, Bac Ninh province.

Groundbreaking ceremony for the project of 2000 apartments – Housing for workers in Yen Phong Industrial Park, Bac Ninh

With the goal: employees are both the subject and the center of the development, so investing in housing for employees is a very necessary task, 2,000 apartments started today will serve about 10,000 workers are labors and experts in Yen Phong Industrial Park, Yen Phong district, Bac Ninh province.

The project includes many types of apartments from 1 to 3 bedrooms with prices from only 8.5 million / m2, with synchronous utilities such as cultural institutions (including health centers, cultural centers, kindergarten, outdoor sports field), supermarket, etc; Modern service quality: Lobby, corridor, elevator are installed with security camera system, announcement speaker system; elevator system using magnetic card to control; Standard fire protection system.

Minister of Construction Nguyen Thanh Nghi and Provincial Party secretary of Bac Ninh Dao Hong Lan visited the housing area and highly appreciated the project of Viglacera Corporation

Once completed and put into use, the project will contribute to improving the quality of life, solving the problem of accommodation for workers, indirectly supporting costs and creating abundant human resources for existing businesses are using a lot of labor in production in the industrial park.

Speaking at the ceremony, Minister of Construction Nguyen Thanh Nghi said that the Party and Government are very interested in promoting the development of social housing, especially housing for workers in concentrated industrial parks; implementing the National Housing Development Strategy to 2020, with a vision to 2030, by the end of 2021, the whole country has completed 266 social housing projects in urban areas, continuing to implement 278 projects in which 121 social housing projects for industrial park workers have been completed, with a scale of about 54 thousand apartments and are continuing to implement about 100 housing projects for workers with about 134 thousand apartment.

Implementing the policy of the Party and State, right in the early days of the new year, with the attention, facilitation and active support of the Party committees and authorities of Bac Ninh province, Viglacera Corporation has started construction of 2,000 apartments and houses for workers and experts in Yen Phong Industrial Park. The Party Personnel Committee, the leaders of the Ministry of Construction recognized, appreciated and praised the Corporation’s efforts, sense of responsibility, initiative, quickness and decisiveness in responding to policies and promptly implementing policies and guidelines for social security of the Party and State.

Viglacera Corporation is one of the key and leading enterprises of the Ministry of Construction, with a high brand and reputation in the field of building materials production. Following the direction of the Party Committee and the Leaders of the Ministry of Construction, Viglacera has changed directions in investment in the fields of urban development, housing, industrial parks, and has had great success, becoming a brand reputable brand in this field with many typical and effective projects to develop industrial parks, social housing and housing for workers.

The launching ceremony of planting trees for the Spring of the Tiger year 2022 organized by Viglacera Corporation today is even more meaningful when associated with the Groundbreaking Ceremony of Thuan Thanh I Industrial Park Project and the Groundbreaking Ceremony of 2,000 apartments – Project of housing for workers and experts in Yen Phong Industrial Park, Bac Ninh.

Minister of Construction Nguyen Thanh Nghi and Provincial Party secretary Bac Ninh Dao Hong Lan offer gifts to workers of Yen Phong Industrial Park on the occasion of the beginning of Spring of the Year of the Tiger 2022.

The promotion of starting construction of both projects at the same time has demonstrated the strategic thinking and high sense of responsibility of the leaders of Viglacera Corporation in connecting and directly contributing to the cause of socio-economic development. The local society goes hand in hand with taking care of the material and spiritual life of the workers in the industrial parks in particular and the cause of ensuring the social security of the locality in general.

With accumulated capacity, experience and positive results achieved in investment activities of Viglacera Corporation, Minister Nguyen Thanh Nghi believes, Thuan Thanh I Industrial Park Project and Residential Area Project Workers and experts of Yen Phong Industrial Park in Bac Ninh will quickly complete and put into use on schedule and achieve the set quality and efficiency.

In the coming time, the Ministry of Construction hopes that the Party Committee and authorities of Bac Ninh province will continue to pay attention and create conditions to continue developing social housing, especially housing for workers in the province.

At the same time, the Minister suggested that Viglacera in particular and companies and enterprises in general pay more attention to investment and development of social housing and housing for industrial park workers. The Ministry of Construction will continue to work with localities and businesses to remove difficulties and obstacles in the development of social housing, social housing for workers…

With the initiative in investing in construction of workers’ houses in industrial parks, Viglacera contributes to the implementation of guidelines and policies of the Government and the Ministry of Construction as well as Bac Ninh province on social housing and housing development 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 for Industrial parks that Viglacera invests in.

Singapore-based real estate investment management company GLP has established the GLP Vietnam Development Partners I with an investment of $1.1 billion, the biggest ever logistics fund in Vietnam.

The fund will focus on developing six modern and environmentally-friendly logistics facilities with a total land area of nearly 900,000 square meters in Hanoi and HCMC.

Cargo waiting to be shipped at the SP-ITC International Container Terminal in HCMC. Photo courtesy of ITC

According to GLP, a leading global investment manager and business builder in logistics, data infrastructure, renewable energy and related technologies, GLP VDP I is one of the largest logistics development funds in Southeast Asia.

The fund has received commitments from many investors in Asia, Europe, North America and the Middle East representing pension funds, sovereign wealth funds and insurance companies, including APG Asset Management and Manulife.

The Singapore-based company entered Vietnam in 2020 through SEA Logistic Partners, a GLP-backed industrial and logistics facility development and operation platform with focus on Southeast Asia.

According to Agility’s 2021 emerging market logistics index report, Vietnam is among the top 10 leading emerging logistics markets with an index of 5.67 and an expected compound annual growth rate of 7 percent in the 2021-2026 period.

Source: VnExpress

On January 20, 2022, Amkor Technology Group, INC (Korea), the world’s leading semiconductor material producer, officially successfully signed a land lease contract with a total investment of 1.6 billion USD in Yen Phong 2C Industrial Park (Bac Ninh Province) invested and developed by Viglacera Corporation – JSC.

On an area of 230,000 m2, Amkor Technology, INC will manufacture, assemble and test semiconductor materials, providing strategic partners with leading electronics companies such as Qualcomm, Samsung, NVIDIA, Foxconn, Broadcom, LG, SK Hynix. The project is expected to start construction in the first quarter of 2022 and put in operation at the end of 2023.

Mr. Tran Ngoc Anh – Director of Viglacera Real Estate Company awarded the Land leasing Contract to the Representative of Amkor Technology Group, INC.

Amkor Technology Group, INC took photos with representatives of Viglacera Corporation – JSC

The factory in Yen Phong 2C Industrial Park is the smartest, most modern factory in the group’s global assembly and testing system, focusing on bringing advanced assembly and system testing solutions in a package (Advanced System in Packages -SiP). The project is also the premise to bring the industrial park in particular and Bac Ninh province in general to appear on the world map for semiconductor manufacturing, attracting more large investors. Right from the beginning of 2022, auxiliary businesses of Amkor Technology Group, INC have started working with Viglacera to survey and research land lease in the nearest time.

Yen Phong 2C Industrial Park owns a prime location, outstanding infrastructure and clean land, it is ready to welcome enterprises to survey for factory construction.

Knowing that developing worker’s housing is Viglacera’s strength, Amkor Group has expressed interest and discussed with the investor the construction of a dedicated housing area for 6,000 employees in the future.

The working delegation directly visited the housing project for workers in Yen Phong Industrial Park.

During the period of the Covid-19 epidemic from the beginning of 2020, Viglacera has remained a reliable destination for more than 40 domestic and foreign investors, successfully attracting large manufacturing and technology corporations, multinational corporations such as Wiselead Company, Foxconn (Taiwan), BYD (China), Hyosung, Amkor (Korea), etc. with investment capital up to billions of USD and total leased area of more than 220 hectares. This is a testament to the determination and prestige of Viglacera Corporation – JSC to investors.

(*) Visiting Yen Phong 2C Industrial Park through 360 virtual reality tour: www.yenphong360.viglaceraip.com

Viglacera has been developing 11 industrial zones in Vietnam and one economic zone in Cuba, attracting nearly 15 billion USD of FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the local area. Thanks to the advantage of location in many provinces, Viglacera’s Industrial zones bring diverse choices for investors, meeting the needs of each business. Industrial zones all have clean land and complete, synchronous, and modern infrastructure, getting ready to welcome businesses to rent and build factories.

For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com

Over 55 percent of Japanese companies want to expand their business in Vietnam in this and next year, according to a survey by Japan External Trade Organization (JETRO).

42.5 percent want to retain the same production scale in the country, the survey released Wednesday stated.

Customers seen at a Uniqlo store in Hanoi, March 2020. Photo by VnExpress/Giang Huy

The survey polled 4,600 Japanese companies globally, including 700 in Vietnam, in August and September last year when the country imposed strict social distancing rules to curb the spread of the Delta variant.

This shows that during the most difficult time last year, less than 2 percent of Japanese companies wanted to narrow their business in Vietnam and less than 0.5 percent sought to shift production to other countries.

Takeo Nakajima, chief representative of JETRO Hanoi, told a press briefing Wednesday there was a decline in the ratio of Japanese companies considering expanding Vietnam business compared to pre-pandemic times, but this is a global trend.

This ratio in Vietnam remains higher than the ASEAN average, he added.

Nakajima said although “labor quality” was a matter of concern for Japanese companies in other markets, it is not the case in Vietnam.

“Japanese companies highly value the quality of Vietnamese workers.”

Japanese firms have also been reporting increased appreciation for Vietnam’s improving regulations and administrative procedures, but this figure plunged during the survey period.

“We understand that was because the government had to make short-term changes to curb the spread of the pandemic. In the long run, businesses expect improvement in this matter,” Nakajima said.

He also added that at least 39 Japanese companies are considering expanding their business in Vietnam as part of the Japanese government’s intention to diversify its supply chain.

Most of these companies have already been present in Vietnam, but want to shift some of their manufacturing from other countries here, he added.

Japan was the third biggest foreign direct investor in Vietnam last year behind Singapore and South Korea. Its registered capital was nearly $3.9 billion, accounting for 12.5 percent of total.

Source: VnExpress

On January 14, 2021 in Hanoi, Viglacera Corporation – JSC was honored to be in the top 500 largest enterprises in Vietnam in 2021 – the result is based on independent research and evaluation of the Vietnam Report Joint Stock Company (Vietnam Report).

Mr. Pham Hong Hai – Deputy Director of Trade Department, representative of Viglacera Corporation received the honorable award of VNR500.

This is the 4th time Viglacera Corporation – JSC has been honored in the top – Top 500 largest enterprises in Vietnam in the industry of manufacturing and trading building materials in the VNR500 ranking. It is to affirm Viglacera’s outstanding position in the Vietnamese business community with its achievements in revenue scale, and at the same time recognize its efforts to realize the “dual goals” of both fighting the Covid-19 epidemic and developing business released in 2021.

Despite the impact of the Covid 19 pandemic, under the proactive and flexible management of the Board of Directors of Viglacera Corporation and the consensus of all employees, the production and business activities of the whole Corporation in 2021 have exceeded the main targets. Profit before tax of the whole Corporation is estimated at 1,575 billion VND, reaching 146% of the year plan, of which the profit of the parent company is estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to 2020.

Viglacera Corporation – JSC in the Top 500 largest enterprises in Vietnam in the field of manufacturing and trading building materials

The fact that Viglacera continues to maintain its name in the VNR500 ranking continues to show the leading and pioneering role of Viglacera Corporation – JSC in the field of manufacturing, trading building materials, and investing in real estate business in Vietnam, affirming Viglacera’s achievements, efforts, and dedication to the country’s socio-economic development.

On the Ranking of 500 largest enterprises in Vietnam 2021, Viglacera is ranked 137th and 2nd among the largest enterprises and one in the building materials industry respectively. VNR500 ranking is built based on independent research and evaluation results of Vietnam Report Joint Stock Company (Vietnam Report), combined with an analysis of the criteria of actual revenue of enterprises, total assets, total employees, profit after tax, and other indicators such as profitability index (ROA), ROE, media reputation of the business, etc. Enterprises do not have to pay any fees to be listed in VNR500 Ranking.

VIGLACERA Corporation – JSC and Vi-Mariel SA Vietnam Company donated one hundred tons of rice to Cuba at the headquarters of the Cuban Ministry of Internal Trade (MINCIN), Havana on Monday (January 10, 2022).

During the event held at the headquarters of the Cuban Ministry of Internal Trade (MINCIN), Vice President of ViMariel SA Company, located in the Mariel Special Development Zone (ZED Mariel), emphasized that the people of the two countries always stand side by side at all times, both in war and in peace.

Mr. Nguyen Quang Hung, Vice President of Vietnam’s ViMariel SA Company, presented 100 tons of rice to the Cuban people to show the special solidarity of the two countries.

Mr. Nguyen Quang Hung, Vice President of ViMariel SA, said that Viglacera Corporation – JSC is currently developing two projects in Cuba, one of which is SANVIG Company, with two factories producing sanitary ware and ceramic tiles in the cities of San José and Santa Cruz del Norte, in the province of Mayabeque. In 2021, despite the COVID-19 pandemic, SANVIG will continue to grow profitably and create many products for the Cuban people.

“We are facing the same difficulties and challenges as any other company in the world and especially in Cuba,” emphasized ViMariel SA vice president, referring to the US strengthening the Caribbean nation’s blockade nearly six decades ago and the situation in which COVID-19 has hampered the economic recovery. “Even so, the ViMariel SA industrial park infrastructure project, the first franchise approved by General Raúl Castro, continues to develop and adhere to the three-month implementation plan.”

Mr. Grisel Ávila Díaz, Deputy Minister of Internal Trade (MINCIN) thanked Viglacera Corporation for the donation that will directly benefit the Cuban people. Deputy Minister representing MINCIN, on behalf of the Cuban people, the Government and the Party, thanked the donation that will support Cuba’s plan to prevent and control the COVID-19 pandemic.

Also present at the ceremony were Ms. Deborah Rivas Saavedra, Deputy Director General of the Ministry of Foreign Trade and Foreign Investment, and other officials of these organizations and the Vietnamese Embassy in Havana.

On the morning of January 10, 2022, Viglacera Corporation – Joint Stock Company (JSC) held a conference to evaluate the business performance in 2021, and implement the tasks of the business plan and investment in 2022. Accordingly, in 2021, under the supervision of the Board of Directors, the consensus of all employees, Viglacera has exceeded the main targets set forth, continuing to affirm its position as a leading enterprise in the construction industry.

Reporting at the Conference, Mr. Nguyen Anh Tuan – Deputy General Director said: In 2021, despite facing many difficulties and big challenges due to the impact of the Covid-19 epidemic, under the drastic, proactive and flexible management of the Board of Directors in association with the consensus, solidarity, and efforts of all employees throughout the Corporation, the business performance has achieved main targets assigned by the General Meeting of Shareholders. Pre-tax profit of the whole Corporation is estimated at 1,527 billion VND, reaching 142% of the year plan, of which the profit of the parent company is estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to the previous year of 2020.

Mr. Nguyen Anh Tuan – Deputy General Director reported the business performance in 2021 and tasks in 2022

In particular, the real estate sector greatly contributed to Viglacera’s business results in 2021, with an estimated profit before tax of VND 1,033 billion (reaching 122% of the year plan and an increase of VND 326 billion compared to the actual implementation in the year of 2020).

Specifically, in 2021, the real estate sector of the Parent Company continued to perform well in its leading role in maintaining production and business efficiency, making an important contribution to the Parent Company’s achievement. During the year, Viglacera Corporation was continuously focusing on investing, developing and expanding the industrial park land, expanding investment in new areas, continuing to affirm its position as one of the leading enterprises in the field of real estate and worker’s accommodation.

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

Regarding investment and business in industrial park infrastructure, Viglacera quickly grasped the opportunity as and when foreign investment started shifting into Vietnam, focusing on leasing area of industrial park infrastructure with a coverage of about 166ha in the whole year. In addition, despite being heavily affected by the epidemic, Viglacera still targeted its resources on preparing for investment, especially compensation for site clearance, and synchronously-built infrastructure to have clean land for business; strengthen the marketing of secondary investors in existing Industrial Parks (IPs) to attract and anticipate the wave of secondary investors, increasing the efficiency of the existing land area.

Mr. Luong Thanh Tung – Deputy General Director of the Corporation and Mr. Nguyen The Chinh – Director of Real Estate Department reported at the Conference

At the same time, Viglacera deployed and invested in building service ecosystems such as: worker accommodation, cultural institutions, etc. in industrial zones with key projects.
In 2022, Viglacera will develop new industrial zones; industrial park infrastructure and services; wastewater treatment, waste treatment, clean water supply; electricity supply services, warehouse rental, etc. which meet standards and increase the competitiveness over domestic and foreign industrial park investors. In addition, the development of social housing projects, worker accommodation, commercial houses, resorts, etc. will also be financed to improve service quality, professional operation, and the utility of investment projects.

In the relation to the building materials segment, 2021 was a successful year for the Glass sector, making a great contribution to the overall results of the whole Corporation. 2021 was also the year marking the event that Viglacera Corporation increased its ownership in Phu My Super White Float Glass Company Limited (PFG) from 35% to 65% of charter capital and transferred from an associate to a subsidiary one from 1st October 2021.

Mr. Hoang Kim Bong – Deputy General Director of the Corporation and Mr. Quach Huu Thuan – Deputy General Director of the Corporation reported at the Conference

Officially put into production in December 2020, Phu My super white float glass factory phase I has a capacity of 600 tons/day. Right in the first year when PFG went into production, it exceeded the project’s target plan. This is a great initial effect of a well-planned investment strategy of Viglacera Corporation.

In 2022, Viglacera will continue to raise the brand name of construction glass products and all kinds of roofing tiles, cotto bricks, and sanitary ware products with top quality in the Vietnam market on the basis of in-depth investment in technology – technique; research and investment in developing new glass products; conducting surveys, investing in expansion and in new raw material mines, etc.

Mr. Tran Manh Huu – Head of the Supervisory Board of the Corporation and Ms. Tran Thi Minh Loan – Director of the Financial and Economic Department of the Corporation reported at the Conference.

Regarding tasks and plans in 2022, Viglacera Corporation – JSC focuses on market development and cooperates well with consulting units to effectively implement the Corporation’s brand development strategy project.

For the domestic market, VGC keeps developing the e-commerce sales system in parallel with consolidating the direct selling System; project channel and a team of consultants, architects; expanding the southern market in proportion to the investment scale of VGC and its units in this market, especially the market for new products of Viglacera My Duc II Factory; effectively deploying communication programs, focusing on brand promotion, developing new product models with high value, high production, and business efficiency.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors of the Corporation directed at the Conference.

For the export market, Viglacera develops and implements an export strategy to expand the market, focusing on products in the field of glass, sanitary ware – showers, tiles and other high-tech products; looking for new export partners, expanding export markets in countries participating in the common trade agreement, especially the US and European markets; promote the role of the Limited Company of Viglacera Tiles Trading Company in the US.

Thereby, striving to complete the planned targets set out in 2022 with the parent company’s profit before tax increasing by 2% compared to the implementation in 2021; the Consolidated profit of the whole Corporation increased by 14% compared to the performance in 2021.

Based on the achievements of 2021 and key operating solutions, focusing on production management, new product development, cost reduction, effective financial operation, etc., VGC will be apparently supported to successfully implement the 2022 production and business plan, to grow stably and sustainably.

Efforts to realize the “dual goals” of both fighting the Covid-19 epidemic and developing production have helped Viglacera continue to maintain its position as a pioneer in the manufacturing industry of construction materials and investment in real estate business in Vietnam. Below are Viglacera’s outstanding events in 2021:

1. The capitalization of Viglacera Corporation (VGC) on the stock market reached over 1 billion USD

Viglacera performed IPO in 2014 and started trading shares on Upcom from the fourth quarter of 2015 with a market capitalization of about 130 million USD, reaching over 450 million USD in 2017 and over 1 billion USD in mid-December 2021. According to data from the Ho Chi Minh Stock Exchange (HoSE), by the end of November 2021, there were 45 enterprises with a market capitalization of over 1 billion USD, including the presence of Viglacera Corporation – known as VGC code.

This is a recognition of Viglacera’s impressive growth results and sustainable development priorities, and at the same time affirms the Corporation’s comprehensive initiative and risk management ability in all activities, as well as the flexible and responsive adaptation to all market fluctuations.

2. In the first year, the parent company’s profit reached over VND 1,000 billion

Despite the impact of the Covid 19 pandemic, under the drastic, proactive and flexible management of the VGC’s Board of Directors along with the consensus of all employees, the business performance of the whole Corporation in 2021 has exceeded the main targets. Profit before tax of the whole Corporation was estimated at 1,575 billion VND, reaching 146% of the year plan, of which the profit of the parent company was estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to that in 2020.

3. Raised the capital ownership ratio in Phu My Super White Float Glass Company to 65%, recording the first year’s business performance exceeding the project’s target plan

2021 was also the year marking the event that VGC increased its ownership in Phu My Super White Float Glass Company Limited (PFG) from 35% to 65% of charter capital and transferred from an associate to a subsidiary from 1st. October 2021.

Officially put into production in December 2020, Phu My super white float glass factory phase I has a capacity of 600 tons/day. Right in the first year that PFG went into production, it exceeded the project plan and target. This is a great outcome of Viglacera Corporation’s well-planned investment strategy.

4. Viglacera acquired Bach Ma factory and invested in Continua+ technology to produce high-class large-format porcelain plates

With the acquisition of Bach Ma Factory, Viglacera currently owns 8 manufacturing factories nationwide with a total capacity of 43 million m2/year. Viglacera is also one of the first enterprises in Vietnam to invest in the world’s most modern production line to produce large porcelain plates using Continua+ technology of Sacmi (Italy) at Viglacera My Duc 2 Factory. The line has been updated with SACMI’s latest decorative printing and product forming technologies to create high-quality large-format porcelain plates with transparent veins (3,200mm x 1,600mm). This is part of the strategy to improve production capacity, expand markets, and affirm Viglacera’s vision and product development orientation in the high-end segment.

5. Expand investment in industrial zones in new areas and attract investors in the high-tech sector to invest billions of dollars

In 2021, the Corporation focused on investment and development, expanding the land fund of industrial zones, expanding investment in new areas, and continuing to affirm its position as one of the leading enterprises in the field of real estate industry and worker accommodation.

In the context of the current Covid-19 epidemic, a very large project of 1.6 billion USD of Amkor – the world’s leading corporation in the production of semiconductor materials has been invested in Yen Phong II-C Industrial park of Bac Ninh province. Thereby, Viglacera has affirmed its attraction to go ahead with the shifting trend of the world’s supply chains into Vietnam, as well as created a premise for the development of the high-tech industry in the following years.

6. Prestigious awards and outstanding achievements: Top 50 best listed companies on the stock exchange (Forbes), Top 10 prestigious IP and real estate companies in 2021, Top 5 prestigious construction companies – Building materials industry 2021 (VNR500)

With the orientation of building and implementing a sustainable growth strategy, Viglacera has been constantly trying to improve product quality, applying high technology, smart technology to research and develop green, environmental friendliness products. Recorded in 2021, Viglacera has been honored to receive many prestigious awards in the field of Construction such as 3 consecutive years holding the leading position in the Top 10 prestigious IP and real estate companies in 2021; Top 5 prestigious construction companies – building materials in 2021 and Top 50 best listed companies on the stock market in 2021 by Forbes Vietnam. In addition, Viglacera still maintains its National Brand and National Quality.

7. Viglacera made its mark on the map of Top manufacturers of ceramic tiles and sanitary ware in the world

Viglacera is the only building materials manufacturing enterprise nominated by Vietnam to attend and was honored in the highest category: World Class Award for large production in the Asia-Pacific International Quality Award. By the end of 2021, Viglacera also entered the Top 20 manufacturers of ceramic tiles and the Top 30 largest manufacturers of sanitary ware in the world.

8. Brand value of Viglacera is assessed in the Top 50 most valuable brands in Vietnam (according to Brand finance)

The brand value of Viglacera is valued at over $59 million and in the top 50 most valuable brands in Vietnam in 2021 (according to a report by Brand Finance).

This growth demonstrates the internal strength of Viglacera’s brand value, besides financial indicators, there are also great strides in customer satisfaction from products and services provided by Viglacera. With steady progress, VIGLACERA Corporation will continue to strive to maintain its leading position in the field of building materials production and investment, real estate business in Vietnam, stably and sustainably developing to assert its position in the international arena.

9. Corporate governance: using professional consulting services according to international standards

During its development course, Viglacera always considers transparency and professionalism as the core foundation in governance. From the above commitment, Viglacera has gradually implemented and developed corporate governance such as using professional consulting services in accordance with international standards, Big4, Deloitte and PWC (PricewaterhouseCoopers) are currently consulting agencies for internal audit activities of the Corporation.

10. Join hands with the community to prevent the Covid-19 epidemic

In addition to proactively developing an epidemic prevention plan throughout the Corporation, in the 4th outbreak from the beginning of May 2021 until now, Viglacera has contributed over 20 billion VND through the Fatherland Front Committee in localities and the Government’s vaccine funds.

In particular, in response to the complicated situation of the Covid-19 epidemic in Hanoi, Viglacera Corporation quickly implemented a project to sponsor sanitary equipment and tiles installed in an on-the-site hospital for the treatment of Covid-19 patients. Viglacera has installed sanitary ware and tiles in more than 100 sanitary areas in the hospital. Products with antibacterial features will help doctors and frontline workers fight the epidemic.