Cities and provinces in the Northern Key Economic Region have been identified as the political, economic, cultural, scientific, and technical center of Vietnam as well as the main area of integration and exchange for the country with the region and the world, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu told the Meet Korea 2023 event on May 18 in northern Bac Ninh province.

As a bright spot in terms of investment attraction and industrial development in Vietnam, Bac Ninh is an ideal meeting point for Vietnamese localities, enterprises, agencies and South Korean enterprises to exchange experience and open up new cooperative opportunities.

According to the Permanent Deputy Minister, Vietnam welcomes South Korean enterprisé to expand their investment scale in the country, especially in the fields of high technology, science and technology, innovation, the green economy, the digital economy, digital transformation, clean energy, smart cities, and eco-cities.

Speaking at the event, H.E. Oh Young-ju, the RoK’s Ambassador Extraordinary and Plenipotentiary to Vietnam, emphasized two special meanings for the Meet Korea 2023 event.

First of all, many relevant companies and agencies from both countries are present despite the effects of the global economic downturn. This is a positive point in economic cooperation between Vietnam and the Republic of Korea, even in the context of it being difficult for the two countries to reach the target for bilateral trade turnover of $100 billion this year due to the global economic slowdown.

Second of all, Meet Korea 2023 is the first event organized after the two countries upgraded their relationship to a comprehensive strategic partnership in December last year.

Also within the framework of the program “Meet Korea in the Northern region in 2023”, on the morning of May 18, Vice Chairman of Bac Ninh Provincial People’s Committee – Ngo Tan Phuong met and worked with a delegation of Korean enterprises led by Mr. Kim Hyong Mo, Chief Representative of the Korean Chamber of Commerce and Industry in Vietnam (KCCI), who led the delegation to visit and work at Yen Phong industrial park, Yen Phong district, Bac Ninh province.

Through the meeting, the Korean economic world knew Bac Ninh not only because it is the destination of many Korean enterprises, including Samsung, but also was impressed by the provincial leaders who always accompany, care, support and create all favorable conditions for enterprises to operate and develop. Thereby, KCCI will continue to propagate, promote and introduce the image of Bac Ninh and its industrial parks to Korean investors for research and investment.

Yen Phong Industrial Park, developed by Viglacera Corporation – a prestigious developer with more than 22 years of experience in the field of industrial zones, is considered a comprehensively developed industrial park for owning synchronous and modern technical infrastructure system and social infrastructure systems.

Yen Phong Industrial Park consists of two phases: phase 1 (344ha) is 100% filled and expansion phase (314ha). Currently, the industrial park has a synchronous and modern technical infrastructure system, including a power station, a nitrogen gas station, a water supply station, and a wastewater treatment station.

Not only developing synchronous technical infrastructure, but Viglacera also cares about sustainable development and social security when deciding to invest and build Yen Phong urban area to meet the need to live near the industrial park of workers.

Housing project for experts and workers located right in Yen Phong Industrial Park with a scale of 20ha, with adjacent apartments, condominiums and utilities such as restaurants, supermarkets, .. will meet the accommodation demands for nearly 6000 professionals and workers.

In particular, a complex of multi-functional works – Cultural and social housing area including Primary school, Kindergarten, Culture house, Health station and green park, exercise and sports area ,.. is invested and built on a land of 17,000m2, with the goal of best meeting the needs of workers’ accommodation, working, living and traveling, indirectly supporting costs and creating abundant human resources for enterprises operating in Viglacera’s IPs.

With the above advantages, Yen Phong Industrial Park has become the largest FDI attraction in the North with more than 12 billion USD, contributing to bringing Bac Ninh to the Top 10 in the country for many consecutive years in terms of attracting FDI. Up to now, there have been 100 investors operating in the industrial park, including big brands such as Samsung, Orion, Intops, Ottogi, LS Electric, KCC, Mobase, Deli, Lock & Lock…

Source: https://diendandoanhnghiep.vn

With a series of key projects in the field of building materials, industrial real estate, social housing, or commercial housing, Viglacera expects to complete the plan in 2023 with revenue of VND 15,750 billion and pre-tax profit of 1,210 billion VND.

On May 11, 2023, Viglacera Corporation – JSC held the Annual General Meeting of Shareholders (GMS) in 2023. As planned, Viglacera is oriented to focus on the investment in key projects.

In the field of construction materials, Viglacera plans to invest in the second phase of Ultra Clear Float Glass Factory, Viglacera Eurotile Factory (My Duc factory 2) with a capacity of 9 million m2/year in Ba Ria – Vung Tau, expanding investment in existing factories of member units such as Viglacera Hanoi Joint Stock Company, Viglacera Thanglong Joint Stock Company, My Duc Factory in Ba Ria – Vung Tau, etc.

In addition, Viglacera also focused on completing the new large-sized Vasta stone product line to satisfy the domestic and export markets.

Application of Vasta Stone sintered stone products in architecture and interior. Photo: Viglacera

This year, Viglacera also plans to put all its efforts into industrial real estate. Currently, Viglacera has invested and operated 11 industrial parks (IPs) in Vietnam and one industrial zone in Cuba, attracting 16 billion USD of FDI from more than 300 domestic and foreign enterprises, including many large enterprises such as BYD, Deli, Texhong, Qisda, Foxconn, Samsung, Amkor, Hyosung, Anam Electronics, Kortek, Orion, Ottogi, Canon, etc.

In 2023, the company plans to focus on developing, investing, doing business, and operating technical and social infrastructure in existing industrial parks while developing and expanding land banks in potential areas. Viglacera aims to increase the total number of IPs to more than 20 IPs with a total area of about 2,000 – 3,000 hectares by 2025.

For social housing and worker housing, Viglacera plans to step by step implement a program to invest in 50,000 social housing apartments in the period of 2022-2030, in which, Viglacera continues to develop social housing and worker housing areas, in sync with the development of the existing Dong Van 4, Phu Ha and Dong Mai industrial parks; social housing in Kim Chung; 9.8ha social housing in Yen Phong – Bac Ninh; the construction of new worker housing in Tien Hai (5.2ha), social housing in Phu Ha (8.4ha), preparing to invest in worker housing in Hai Yen – Quang Ninh, etc.

Currently, Viglacera owns more than 4,000 hectares of industrial real estate. Photo: Viglacera

For commercial housing, Viglacera continues to invest in Dang Xa (Hanoi); Tien Son, and Yen Phong – Bac Ninh Urban Area. The company will continue to implement the Van Hai High-class Eco-tourism Area Project phase 1 with an area of ​​35 ha, in which, an international 5* hotel is expected to be completed and put into operation in the second quarter of 2023; at the same time, prepare for the investment of phase 2 with an area of 40 ha.

In addition, Viglacera also expands its investment abroad. In 2023, the company plans to continue to implement investment projects in Cuba, in which, continue to implement phase 2 at ViMariel Industrial Park Projects and SanVig Joint Venture Project; continue to survey investment projects to build construction material factories in Cuba (1 Cotto brick factory, 1 Granite factory), research and prepare to invest in industrial parks, urban areas and production of building materials projects in the Dominican Republic.

2023 is considered to be a year with many difficulties, the Board of Directors of Viglacera Corporation held a meeting to agree to submit to the General Meeting of Shareholders to approve the business plan in 2023 with the target equivalent to 2022 and maintain the dividend payment rate of 20%.

On April 15, at Ben Thanh Theater, Ho Chi Minh City, Viglacera Corporation – JSC was honored to receive the award “Top 10 leading brand in Vietnam 2023” – Vietnam Leading Brands 2023. The award is the recognition for the continuous efforts of Viglacera Corporation in recent years, contributing to affirm Viglacera’s position and prestige in the field of construction materials production as well as real estate and industrial zones investment during the nearly 50-year journey of building and developing.

The 10th “Vietnam Leading Brands 2023” program is an annual activity to report, summarize and announce excellent enterprises in applying creative management processes and quality innovation to improve the internal capacity of enterprises and the ability to integrate and compete in the international economy. At the same time, it also honors the brands that have made active and effective contributions to improving the quality of products and services and are committed to better serving customers. Recognition comes from outstanding business results with the level of product improvement and the quality of customer service being continuously improved to make a difference. The program is assessed by the Asian Economic Research Institute, the Institute of Competitiveness Assessment and Survey and the Vietnam Association of Science and Business Development.

Viglacera is the first enterprise to synchronously produce and supply all kinds of modern building materials in Vietnam, accompanying Vietnamese consumers in creating modern buildings. Over 49 years of construction and development, Viglacera has always affirmed its pioneering role in the production of building materials and investment in real estate business in Vietnam, striving to transform itself according to the fluctuations of history and the market to become of the brands that Vietnamese people are most proud of.

With a medium and long-term strategy, Viglacera aims to become an economic group, developing in two key areas: building materials and real estate. In particular, the main goal is to maximize the capacity of existing and invested factories and production lines of building materials.

In the field of building materials, Viglacera always pioneers in the latest and most modern technology to bring diverse experiences to the consumers. Products of high-quality construction glass, energy-saving glass, ceramic tiles, sanitary ware, panels and aerated concrete bricks are applied “green” technology and the most advanced production technology line in the world, expected to soon become the pride of high-quality Vietnamese products of the consumers in the domestic market as well as in fastidious markets such as Japan, the US, and the EU… In particular, the Corporation continues to research, diversify products and develop investment in key product groups such as construction glass, sanitary ware – shower faucets, ceramic tiles…

Viglacera plans to continue investing in the Phase 2 super white float glass factory, which is a product used as a billet for the production of solar cells and high-grade processed glass; At the same time, urgently complete the line with advanced technology to produce large-panel tiles, high-grade sintered stone products (for interior and exterior)… at Viglacera Eurotile Brick Factory (My Duc Factory 2) in Ba Ria – Vung Tau, expanding investment in existing factories of member units such as Viglacera Hanoi Joint Stock Company, Viglacera Thang Long Joint Stock Company, My Duc Factory in Ba Ria – Vung Tau…

In the field of real estate, the Corporation focuses on developing investment, trading and operation of industrial park technical infrastructure and services in existing IPs as well as developing and expanding land banks in potential areas (Central, Southern) and abroad (Cuba).

Viglacera sets a goal by 2025 to increase the total number of industrial zones of the Corporation to more than 20 industrial zones, including more than 10 new industrial zones with a total area of about 2,000 – 3,000 hectares. In addition, the Corporation also develops and invests in social housing, worker housing in industrial zones, commercial housing and resort real estate, operates and exploits existing industrial zones and urban areas.

With the efforts and persistence of Viglacera’s Board of Directors and staff during the past time, winning the title of “Top 10 Leading Brands in Vietnam in 2023” is an honor and a worthy achievement. It is also the driving force for the leaders and staff of Viglacera Corporation to build a stronger and stronger business, affirming its position as a leading enterprise in the production of building materials and investment in the real estate business in Vietnam.

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

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

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

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