On August 15, in Hanoi, Brand Finance – the world’s leading organization in brand valuation officially announced the list of Top 100 Most Valuable Brands in Vietnam 2023.

According to the announcement, GELEX has a brand value of 96 million USD, the Brand Rating Index is rated BBB, the Brand Strength Index is scored 47 points by Brand Finance and ranks in the Position of 50/100 Most Valuable Brands in Vietnam 2023.


GELEX Group’s representative received the certificate at the Announcement Ceremony

In addition, the TOP 100 Most Valuable Brands in Vietnam in 2023 also has the presence of Viglacera – a member unit of GELEX Group, with a brand value of 64 million USD and ranks 63/100 Most Valuable Brands in Vietnam 2023.

According to Brand Finance, the TOP 100 Most Valuable Brands in Vietnam 2023 are evaluated and ranked based on the actual business situation of enterprises with the main pillars: Brand strength index, brand impact in the field, business results and future growth forecasts.

In addition to determining brand value, Brand Finance also identifies the relative strength of brands through a balanced scorecard that includes metrics evaluating marketing investment activities, shareholder equity and business performance, and ISO 20671 compliance.


Viglacera’s representative received the certificate at the Announcement Ceremony

Currently, GELEX is an investment group operating under the holdings model, owning prestigious and long-standing brands such as VIGLACERA, CADIVI, THIBIDI, HEM, EMIC, CFT, MEE, SONG DA WATER…, pursuing the goal of sustainable and effective development goals.

Viglacera is known as the leading manufacturer of construction materials and real estate in Vietnam.

Being in Brand Finance’s list of TOP 100 Most Valuable Brands in Vietnam is the measure affirming the internal strength and position of GELEX and Viglacera in the business community in Vietnam.

Brand Finance is a global consulting company headquartered in London founded in 1996, UK and currently has offices in more than 20 countries around the world. Brand Finance is a reputable company and has been trusted by many companies and organizations around the world in the field of brand valuation and brand management. The company has been honored as one of the world’s leading brand consulting firms by prestigious magazines and organizations such as the Financial Times, Forbes and The Economist.

Hue has welcomed the first direct flight connecting the former imperial capital Hue with Taipei of Taiwan, transporting the first Taiwanese passengers to the new terminal of Phu Bai airport.

The first flight of the route on Saturday was a chartered one using Vietjet’s modern aircraft.

The airline has been the first operator of two direct routes linking the new terminal of Phu Bai airport with Kunming (China) and Seoul (South Korea).

With new international routes to Hue, Vietjet looks to help create more tours to attract international visitors, thus contributing to the development of the local economy and tourism on par with the potential and position of an ancient capital rich of in heritage values like Hue.

The flights are expected to not only bring international tourists to Viet Nam and promote the image of a friendly and hospitable country to friends around the world but also carry Vietnamese tourists to global famous destinations.

Source: https://baothuathienhue.vn

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.

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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