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VIGLACERA ORGANIZED EVENT MEETING KOREAN CONSULTING PARTNERS

As one of the three most stable investing countries, Korea is becoming a more and more important investment partner of Vietnam, not only because of the large amount of capital but also because the investment capital from this country rightly directs to the strategic objective of attracting foreign direct investment (FDI) of Vietnam.

Recognizing that the Korean market is a key investment attraction, on August 9, 2023, Viglacera Real Estate Company held an intimate meeting with Korean partners. Attending the event were the Korean Business Association and consulting partners supporting investment promotion over the past years.

Viglacera has successfully attracted many leading Korean enterprises such as Samsung, Amkor, Hyosung, Kortek, Anam Electronics, etc.

Up to now, the industrial parks developed by Viglacera have attracted more than 100 Korean enterprises with a total investment capital of 12 billion USD. Viglacera is constantly improving the quality of technical and social infrastructure, meeting the strict demands of investors, and becoming the choice of leading corporations such as Samsung, Amkor, Hyosung, Orion, Kortek, Anam Electronics, etc. To achieve this success, it is impossible not to mention the cooperation of consulting units. Through the meeting, Viglacera expressed gratitude and desire to continue to receive support from the partners in the future.

Viglacera wishes to continue to receive support from Korean consulting units in the future

Mr. Hong Sun, Chairman of Kocham, affirmed that he will continue to accompany Viglacera in investment promotion in industrial parks developed by Viglacera.

In 2023, Viglacera will focus on attracting investment in Tien Hai Industrial Park (Thai Binh province), Phong Dien Industrial Park (Thua Thien Hue province), Thuan Thanh 1 Industrial Park (Bac Ninh province). These IPs all have complete, synchronous, and modern infrastructure, ready to welcome enterprises to rent and build factories.

Viglacera Corporation – JSC has invested and operated 11 industrial parks in Vietnam and 01 economic zone in Cuba, attracting 16 billion USD in FDI capital from more than 300 domestic and foreign enterprises, including many Korean enterprises such as Samsung, Amkor, Hyosung, Anam Electronics, Kortek, Orion, Ottogi, etc.

According to the orientation, by 2025, the Corporation will increase the total number of industrial parks under the Viglacera brand name to 20 with over 10 new industrial parks; the total area will be increased by about 2,000 – 3,000 ha to develop the industrial land fund.

For more detailed information, please contact:

Viglacera Real Estate Company

Hotline: (+84) 888 25 22 88 | Website: https://viglaceraip.com
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Viglacera’s 6-month report: Parent company’s profit completes 92% of the plan in 2023 with 1,210 billion VND

On July 3, 2023, Viglacera Corporation – Joint Stock Company (VGC) held a meeting to evaluate the production and business performances in the first six months of 2023. Accordingly, the Corporation’s performances continued to record positive results.

General view of the meeting.

In only six months, the consolidated net revenue of the Corporation is expected to reach nearly VND 7,000 billion, of which the parent company reached almost VND 3,000 billion, completing 52% of the plan in 2023; pre-tax profit was estimated at VND 913 billion, completing 75% of the whole year’s profit in 2023. The parent company is close to achieving the target of an estimated profit of VND 1,210 billion, completing 92% of the year plan.

The main contribution to the revenue and profit results in the first six months of 2023 comes from the real estate sector (especially industrial park estate) when this sector flourished with revenue estimated to reach more than VND 2,600 billion; profit was estimated at VND 950 billion, completing 90% of the profit plan. Additionally, Viglacera recorded a dividend income of VND 310 billion from its associated companies.

Yen Phong 2C Industrial Park has successfully attracted many FDI investors such as Amkor, Hyosung, etc.

Currently owning and operating 12 industrial parks, Viglacera affirms its strong position when attracting 300 domestic and foreign enterprises, with more than 16 billion USD in FDI capital, mostly from prominent enterprises worldwide. By 2025, Viglacera plans to increase the total number of industrial parks to 20 with over 10 new industrial parks and a total area of ​​about 2,000-3,000 hectares.

These are the results of the right and drastic development direction of Viglacera, bringing about significant profits.

Since the beginning of the year, Viglacera has pursued a strong investment strategy in the industrial real estate sector. It has continuously surveyed, initiated investment projects, and implemented investment in new industrial parks in localities with favorable locations, infrastructure, investment attraction, and business capabilities.

In the field of building materials, Viglacera focuses on investing in technology, upgrading machinery and equipment, and modern production lines in some factories, especially technologies for producing green and environmentally friendly products such as energy-saving glass, aerated concrete brick, etc. These products are gradually yielding positive results and leading the Net Zero trend.

Viglacera sponsors the program “Net Zero – Opportunity for Leaders”

The investment in the new line Sacmi Continua+ to catch up with the trend of premium large-sized porcelain tiles to replace imported goods is the key direction in the field of ceramic tiles. Viglacera also continues to expand investment in a super white float glass production factory, leading domestic enterprises to supply glass blanks in solar battery production; These are positive signs that demonstrate the company’s sustainable development orientation with a focus on technology, research, and development of pioneering green, and environmentally friendly products.

After the first half of 2023, Viglacera’s Real Estate and Building Materials segments recorded good results despite the gross domestic product (GDP) only reaching 3.72%, a sluggish real estate market, and decreased consumer demand. This is the result of the Corporation’s Board of Directors closely following the management goals, drastically directing all aspects of production and business activities, exploiting to the fullest possible opportunities in the market, and controlling and managing risk treatment.

With the positive business results in the first six months of the year, Viglacera is confident of achieving the goals set out at the General Meeting of Shareholders, creating a solid foundation, and driving force for sustainable development in the coming years.

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Phong Dien Viglacera Industrial Park and factors that make it become the economic driving force of Thua Thien Hue province

Started construction in 2015, Phong Dien Viglacera Industrial Park (scale: 284 ha) developed by Viglacera Corporation – JSC is considered the driving force for the economic development of the province in the future.

Prime location

Located in the central region, Thua Thien Hue is located on the important North-South traffic axis, the East-West corridor connecting Thailand – Laos – Vietnam along Provincial Road 9, located between Hanoi and Ho Chi Minh City, two major centers of the two most developed economic regions of the country. Phong Dien Viglacera Industrial Park inherits the advantage of traffic when it is located close to National Highway 1A and North-South railway, 30km from Hue city, 50km from Phu Bai airport, 30km from Thuan An port, 90km from Chan May deep-water port, 135km from Tien Sa port, convenient for enterprises to import and export goods via air and sea.


Map of Phong Dien Industrial Park Viglacera

Synchronous and modern technical – service infrastructure

Currently, Phong Dien Viglacera Industrial Park has a synchronous and modern system of technical – services infrastructure; internal roads, 110/22KV power supply from the national power grid, water plant and wastewater treatment plant, fire protection system, trees and street lighting. Not only investing in technical infrastructure of the industrial park, Viglacera also demonstrates social responsibility when an urban area and housing area are expected to be developed for workers right next to the industrial park in the future.


Photo of Phong Dien Industrial Park Viglacera

Over the years, Viglacera has continuously organized investment promotion activities, participated in domestic and foreign conference programs to call for investment enterprises. As a result, Phong Dien Viglacera Industrial Park in particular and Thua Thien Hue Province in general are increasingly known to domestic and foreign investors. In 2019, Viglacera successfully attracted a $200-million project of Kanglongda Co., Ltd. It is known that this is the first factory in Vietnam of Kanglongda Group to increase the ability to supply protective gloves, medical gloves, etc. globally.

Viglacera Corporation – JSC is a pioneer in the field of industrial park infrastructure investment, as well as attracting foreign investment. Currently, Viglacera Corporation – JSC has developed 11 industrial zones in Vietnam and 01 economic zone in Cuba, attracting 15 billion USD in FDI capital from more than 300 domestic and foreign enterprises, including many large enterprises such as Samsung, Amkor, Hyosung, Anam Electronics, Canon, Inour Rubber, Yazaki,…

For more information, please contact: VIGLACERA REAL ESTATE COMPANY
Email: vir@viglaceraland.vn | Website: https://viglaceraip.com | Hotline: +84 888 25 22 88

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New preferential import and export tax rates apply from July 15, 2023

The Government promulgates Decree No. 26/2023/ND-CP Export Tariff, Preferential Import Tariff, List of Goods and Absolute Tax Rates, Mixed Taxes and Out-of-quota Import Taxes.

Decree No. 26/2023/ND-CP is promulgated together with the following 4 appendices:

1- Appendix I – Export tariff according to the List of taxable goods.

2- Appendix II – Preferential import tariff according to the List of taxable goods.

3- Appendix III – List of goods, absolute tax and mixed tax rates for used passenger cars with 15 seats or less.

4- Appendix IV – List of goods and Out-of-quota Import Taxes for out-of-quota goods.

This Decree also regulate conditions for entitlement to the preferential import duty rate of 0% with regard to imported auto parts of automobiles according to the tax incentive program for automobile manufacturing and assembly and materials, supplies and accessories used for manufacturing, processing (assembling) supporting industrial products prioritized for development of the automobile manufacturing and assembly industry.

Accordingly, from October 1, 2022 to the effective date of this Decree, the requirement pertaining to the minimum degree of completeness of auto parts according to Point b Clause 3.1 Article 7a specified in Clause 3 Article 2 and point b.5 clause 3 Section II Chapter 98 Decree No. 57/2020/ND-CPstatus3 .

In case an enterprise has participated in the Tax Incentive Program but has not yet been refunded the import duty paid from October 1, 2022 to the effective date of this Decree, it will be entitled to a tax refund equivalent to the number of auto parts that have been imported if the requirements specified in the tax incentive program are satisfied, the requirement pertaining to minimum degree of auto parts is not applicable.

Preferential import duty rates for imported auto parts of heading 98.49 specified in Article 8 of this Decree shall be applied until December 31, 2027. Enterprises that have registered to participate in the Tax Incentive Program before the effective date of this Decree must re-register with the customs authorities.

Preferential import duty rates for raw materials, supplies and components for the manufacturing, processing (assembly) of supporting industry products prioritized for development for the automobile manufacturing and assembly industry prescribed in Article 9 of this Decree shall be applied until December 31, 2024. Enterprises that have enrolled in the Tax Incentive Program for the automobile supporting industry specified before the effective date of this Decree must not re-register.

This Decree comes into force as of July 15, 2023.

Source: https://datafiles.chinhphu.vn/cpp/files/vbpq/2023/6/26-nd.signed.pdf

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