On the morning of October 26, 2022, at Yen Phong Industrial Park (Expansion Phase) (Viglacera), LS Electric Group solemnly inaugurated the LS Electric Vietnam Factory. Attending the inauguration ceremony were Mr. Nguyen Huong Giang, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee; Korean Ambassador Extraordinary and Plenipotentiary to Vietnam Oh Young Joo and delegates.

LS Electric factory in Yen Phong Industrial Park (Expansion Phase) (Viglacera), Bac Ninh province

LS Electric is a Korean pioneer group in the production of electrical equipment, automation solutions and the creation of green energy industry. LS Electric Vietnam’s project at Yen Phong Industrial Park (Expansion Phase) is the 8th factory of LS Electric in the world, and the first smart energy technology application factory in the North.

The factory was started from November 2021 on an area of 30,000 m2, with a total investment capital of 25 million USD, specializing in manufacturing medium-voltage cabinets, low-voltage cabinets, transformers and other electrical equipment, supplying to major Korean electronics companies such as Lotte, Samsung and LG… Expected revenue is USD 500 million/year, creating jobs for about 500 employees.

Korean Ambassador Extraordinary and Plenipotentiary to Vietnam Oh Young Joo, Chairman of Bac Ninh Provincial People’s Committee Nguyen Huong Giang, Head of Bac Ninh Industrial Park Management Board Nguyen Van Phuc and delegates pressed the start button of LS Electric Vietnam Factory.

Yen Phong Industrial Park, developed by Viglacera Corporation – a reputable investor with more than 22 years of experience in the field of industrial parks, is considered a comprehensively developed industrial park when owning a modern and synchronous technical and social infrastructure.

Yen Phong Industrial Park (Expansion Phase) is located in Yen Phong Industrial Park Complex, developed by Viglacera

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

Technical infrastructure of Yen Phong Industrial Park is modern and synchronous

Housing project for experts and workers located in Yen Phong Industrial Park complex

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

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 provide accommodation 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, 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 terms of attracting FDI for many years. 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…

Viglacera has been developing 11 industrial parks in Vietnam and one economic zone in Cuba, attracting nearly 16 billion USD in FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the area. Thanks to the advantages of location in many provinces, Viglacera’s IPs bring diverse choices for investors, meeting the needs of each enterprise. Industrial parks all have available land and complete, synchronous and modern infrastructure, ready to welcome enterprises to be subleased and build factories.

For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: viglaceraip.com
(*) Visiting Yen Phong Industrial Park through virtual reality tour 360: www.yenphong360.viglaceraip.com

On October 25, 2022, in Hanoi, Viglacera Corporation – JSC was honored in the Ceremony of announcing Top 500 most profitable enterprises in Vietnam (VIETNAM PROFIT 500).

Mr. Nguyen Anh Tuan – Deputy General Director of Viglacera Corporation, on behalf of Viglacera Corporation – JSC, was honored to receive this award

Accordingly, Viglacera ranked 94th in the Top 500 Most Profitable Enterprises in Vietnam in 2022 and 48th in the Top 500 Most Profitable Private Enterprises in Vietnam in 2022.

Viglacera was also in the list of V1000 enterprises paying the largest CIT in 2021 according to Official Letter No. 3786/TCT-KK dated October 13, 2022 of the General Department of Taxation – Ministry of Finance.

The announcement ceremony honored enterprises that not only demonstrate their superiority in financial and communication strength, but also show their growth potential, sustainable development level, governance quality and position in the market, making a significant contribution to the development and prosperity of the country’s economy.

During the 48 years of establishment and development, Viglacera Corporation – JSC is the largest manufacturer of building materials and developer of real estate in Vietnam with more than 40 member units. Viglacera is proud to be a leading service provider of high-quality and sustainable building materials and a leading Industrial Park developer in Vietnam.

The award not only affirms Viglacera’s outstanding position in the Vietnamese enterprise community with its achievements in profit scale, but also recognizes worthy achievements for its efforts to realize “dual goals” of fighting back against the Covid-19 epidemic and developing production in 2021 at the same time.

After 6 years of publication in order to find and honor effective, profitable and sustainable enterprises, the PROFIT500 Ranking has been and is showing an important role in worthily recognizing the contribution of leading enterprises – the mainstay of the country’s development.

In the context that the global economy is facing many risks and unpredictable fluctuations, enterprises face the problem of prices and costs when inflation pressure is increasing, the finding of the most profitable enterprises is more meaningful and expected than ever by the enterprise community, investors and the public.

Since then, the PROFIT500 Ranking has contributed to introducing and elevating Vietnamese enterprise brands to the business community as well as domestic and international investors.

The Ministry of Industry and Trade forecasts that, with the growth rate of the past time, the total import-export turnover of the whole year 2022 will reach over US$ 700 billion.

In the first 8 months of 2022, export turnover of goods reached US$ 252.6 billion, up 18.2% over the same period in 2021, especially many key commodity groups recorded high growth rates. Specifically, according to the Ministry of Industry and Trade, US$ 3.86 billion was a remarkable export surplus figure in August this year, bringing our country’s trade balance in eight months to an export surplus level of US$ 5.49 billion.

In which, a number of industry groups had high growth compared to the previous month. For example, phones and components continued to lead, reaching a value of US$ 6.09 billion with a sharp increase of 39.4%; computers, electronic products and components had an export value in the month increased by 25.4%, textile increased by nearly 10%.

According to the Ministry of Industry and Trade, to achieve this result, in addition to the efforts of the business community, it is also necessary to include the timely direction of the Government to promote exports in the last months of the year, by diversifying markets and products.

“Continuing to pay attention to expanding, looking for new partners so that we can have new free trade agreements or promote trade. Market areas such as South Asia, the Middle East and Latin America have a lot of potential,” said Mr. Tran Thanh Hai, Deputy Director of the Import-Export Department, Ministry of Industry and Trade.

Source: vtv.vn

On the morning of September 7 in Hanoi, Viglacera Corporation – JSC successfully held the Extraordinary General Meeting of Shareholders in 2022.

With a high consensus rate, the Extraordinary General Meeting of Shareholders approved many important contents. Specifically, the General Meeting approved the payment of an advance dividend in cash at the rate of 10% of charter capital in 2022. Before that, the Annual General Meeting of Shareholders in April approved the plan to pay dividends in 2022, which is expected to be 16%.

The General Meeting also approved the election of Ms. Tran Thi Minh Loan – Director of the Finance and Accounting Department, representing the State capital portion of the Ministry of Construction, to hold the position of Member of the Board of Directors for the 2019-2024 term, replacing Mr. Nguyen Anh Tuan – General Director of the Corporation.

The Board of Directors of the Corporation has approved Mr. Nguyen Anh Tuan to continue holding the position of General Director of the Corporation. In addition, at the General Meeting, it was also approved to adjust the remuneration of the Supervisory Board of the Corporation in 2022.

Regarding investment in new projects, Viglacera shareholders approved the policy of surveying investment projects in building construction material factories, and investing in industrial parks and urban areas in the Dominican Republic.

In 2022, Viglacera targets consolidated pre-tax profit and parent company at VND 1,700 billion and VND 1,200 billion, respectively, increasing by 10% and 4% compared to 2021.

According to the latest results announced by Viglacera, in the first 8 months of 2022, the Corporation’s pre-tax profit continued to exceed the whole year plan, with consolidated profit reaching 118%, and the parent company reaching 128%. Viglacera will conduct comprehensive research, survey, and assessment to build the Social Housing Development Investment Project for the period 2022-2030 in accordance with the guidelines of the Party, State, and Government.

Board of Directors of Viglacera Corporation – Joint Stock Company launched after the meeting

By the end of June 2022, the Corporation’s total consolidated assets reached VND 22,485 billion, an increase of nearly VND 500 billion compared to the beginning of the year, of which cash and cash equivalents were VND 2,808 billion. Equity reached 9,116 billion dongs, including the owner’s contributed capital of 4,483.5 billion dongs; short-term and long-term finance lease debt is only VND 3,346 billion, showing the healthy capital structure of the Corporation.

With 48 years of construction and development, Viglacera Corporation is currently the leading brand in the country in the field of building materials and real estate.