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The National Assembly approved the Lao Cai-Hanoi-Hai Phong railway project worth 8.4 billion USD

On the morning of February 19, continuing the program of the 9th Extraordinary Meeting Session, the National Assembly passed the Resolution of the National Assembly on the investment policy of the Lao Cai – Hanoi – Hai Phong railway construction investment project, worth VND 203,231 billion (nearly USD 8.4 billion) connecting China with the northern provinces of Vietnam.

According to the Resolution, the National Assembly decided on the investment policy of the Lao Cai – Hanoi – Hai Phong railway construction investment project with the goal of building a new, modern and synchronous railway line to meet the domestic and international transportation needs between Vietnam and China, creating an important driving force for rapid and sustainable socio-economic development, promoting advantages on the Lao Cai – Hanoi – Hai Phong economic corridor.

After the National Assembly approved the investment policy in February 2025, the project will be approved by competent authorities. In the third quarter of 2025, site clearance, design, contractor selection, and construction will be carried out. The project will start at the end of 2025 and will be basically completed by 2030.

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Hanoi allocates land to Viglacera to build social housing in Dong Anh district

The Hanoi People’s Committee has allocated 24,000.6 square meters of land in Kim Chung New Urban Area (Kim Chung Commune, Dong Anh District) for use in traffic works and social housing construction.


Illustration.

The Hanoi People’s Committee has just issued Decision No. 699/QD-UBND on the allocation of 24,000.6 m2 of land at the plot coded CT3 in the Kim Chung New Urban Area, Kim Chung Commune, Dong Anh District to the Joint Venture of Hanoi Housing Investment and Development Corporation and Viglacera Corporation – JSC to implement the Social Housing Construction Project according to the investment policy in Documents No. 9794/UBND-XD dated November 10, 2011, No. 220/UBND-XDGT dated January 12, 2015 and Decisions No. 7407/QD-UBND dated October 25, 2017, No. 1215/QD-UBND dated April 8, 2022 and No. 4515/QD-UBND dated August 28, 2024 of the City People’s Committee; Project approval decision No. 3264/QDHDTV, BOD dated August 17, 2018 and No. 222/QD-HDTV, BOD dated January 16, 2025 of the Chairman of the Board of Members of Hanoi Housing Investment and Development Corporation and Chairman of the Board of Directors, General Director of Viglacera Corporation – JSC, in which: 2,701.6 m2 used for the purpose of traffic construction land; 21,299 m2 used for the purpose of urban residential land.

The location, boundary, and area of ​​the land for project implementation are determined in the Master Plan for Land Use QH-01, scale 1/500, prepared by Viglacera Consulting Joint Stock Company in 2017, confirmed by the Department of Planning and Architecture in accordance with Decision No. 1831/QD-UBND dated March 21, 2017 of the Hanoi People’s Committee; Drawing of the landscape architectural space organization diagram QH-02, scale 1/500, prepared by Viglacera Consulting Joint Stock Company in 2017, confirmed by the Department of Planning and Architecture on April 14, 2017; The coordinate coordinate map of the boundary marker was handed over by the Department of Natural Resources and Environment on April 12, 2019.

Of the total 24,000.6 m2 of land, there are: 21,299 m2 of land bounded by landmarks A, B, C, D, E, F, 6.1, 7.1, A for the construction of social housing. Form of land allocation: The State allocates land with land use fees collected. Land use term: For investors, the land can be used from the date of signing the land allocation decision until November 10, 2061; for apartment owners: Long-term stable use.

2,701.6 m2 of land bounded by landmarks A, B, C, D, 8a.1, 9.1, 8.1, A and E, F, 9a.1 for internal traffic roads. The joint venture of Hanoi Housing Investment and Development Corporation and Viglacera Corporation – JSC is responsible for synchronously constructing technical infrastructure, maintaining and repairing the project after construction investment and handing it over to the local government for management and common use in the city according to regulations. Form of land allocation: The State allocates land without collecting land use fees. Method of land allocation: Land allocation without auctioning land use rights, without bidding to select investors to implement projects using land.

Source: vietnam.vn

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Warm wishes for the Lunar New Year & Tree Planting Festival 2025 at Viglacera

On the morning of February 3 (the 6th day of Tet), Comrade Nguyen Anh Tuan, Secretary of the Bac Ninh Provincial Party Committee, visited and extended New Year greetings to workers at the Viglacera housing project. Also in attendance were the representatives of the Provincial Standing Committee, including Dao Quang Khai, Permanent Vice Chairman of the Provincial People’s Committee and leaders from departments and Yen Phong district.

In their welcoming speeches to the Bac Ninh delegation and New Year wishes to the workers’ families working and living in the social housing area, both Nguyen Van Tuan, Chairman of the BOD of Viglacera, and Nguyen Anh Tuan, General Director of Viglacera expressed their joy and gratitude for the close attention from the leaders of Bac Ninh province, particularly from Secretary Nguyen Anh Tuan on a special day celebrating the 95th anniversary of the founding of the Communist Party of Vietnam.

Comrade Nguyen Anh Tuan, Secretary of the Bac Ninh Provincial Party Committee, sent New Year greetings to all employees of Viglacera Corporation and acknowledged Viglacera’s contributions to the industrialization and modernization of Bac Ninh province.

After listening to the aspirations of Viglacera employees regarding their determination to develop green industrial parks in Bac Ninh, Secretary Nguyen Anh Tuan expressed his emotions while recalling the strong ties between Viglacera and Bac Ninh province since the province’s re-establishment. He affirmed: “Bac Ninh’s achievements today have a great contribution from Viglacera, especially in the field of industrial park development associated with social infrastructure, urban areas, and social housing. Today’s visit fills us with optimism, if we have more housing areas like this, we will soon complete the goal of 1 million social housing apartments set by the Government as well as the social housing targets assigned by the Prime Minister to Bac Ninh province”. To conclude his speech, Secretary of the Provincial Party Committee Nguyen Anh Tuan sent his wishes of health and happiness to all leaders and employees of the Corporation. He also encouraged Viglacera to promote such achievements in all Viglacera-branded industrial parks nationwide. This acknowledgment of Viglacera’s contributions is simple yet conveys great affection, warming the hearts of Viglacera employees after many years of dedication and devotion to this land.

Visiting the whole project of the Social Housing for workers working in Yen Phong Industrial Park, Secretary Nguyen Anh Tuan expressed his hope for the development of a synchronous and modern ecosystem that integrates industrial park infrastructure with civilized urban development for workers in Bac Ninh province in particular as well as workers across the country who come to live and work in Bac Ninh province in general.

Viglacera Corporation – JSC is a significant contributor to the development of industrial park infrastructure, investment attraction, and social housing of the province. This Viglacera workers’ housing project has completed its first phase (covering 9.8 hectares), contributing to the formation of a modern, synchronous industrial, urban, commercial, and service ecosystem.
Viglacera is recognized for its substantial contributions to the development of industrial infrastructure, investment attraction, and social housing in the province, and is also a model investor closely aligned with Bac Ninh’s green and smart industrial park development policies


Secretary Nguyen Anh Tuan not only presented gifts to encourage workers on the occasion of the New Year but also spent a lot of time asking about workers’ living conditions and income related to housing costs.


Secretary Nguyen Anh Tuan and leaders of Bac Ninh province and leaders of Viglacera Corporation also visited to wish a happy new year and present gifts to the teachers at the Kindergarten in Yen Phong Social Housing Project

More photos of the event:

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Viglacera is poised to enter 2025 with strong determination to complete the plan

On the morning of January 15, 2025, Viglacera Corporation – JSC held a Conference to evaluate the performance of the 2024 production and business plan and deploy the 2025 plan tasks. Deputy Minister of Construction Bui Xuan Dung and many leaders of agencies under the Ministry attended, shared the joy and witnessed the moment when the Viglacera team officially took on the new year tasks of 2025.

In the official report to the Conference, Mr. Nguyen Duc Luyen – Director of the Corporation’s Planning and Investment Department also affirmed: Thanks to proactively making efforts to overcome all challenges and complicated developments of the global political and economic context, fierce competition in both domestic and export markets, and increasing trade barriers, Viglacera has responded flexibly, closely following market movements. Estimated results: The consolidated pre-tax profit of the whole Corporation reached VND 1,625 billion, exceeding 46% of the target set by the General Meeting of Shareholders. The consolidated pre-tax profit of the parent company reached VND 1,475 billion, exceeding the annual plan by 34%. The consolidated revenue of the whole Corporation is estimated at VND 11,925 billion.

The estimated pre-tax profit of the real estate sector reached VND 1,943 billion, of which the profit from industrial park business reached VND 1,361 billion, accounting for 70% of the total profit of the real estate sector. The construction materials sector also prospered when the ceramic tile and autoclaved aerated concrete groups this year both exceeded 153% and 466% of the profit plan, respectively.

In 2024, Viglacera has maintained stable growth, being the enterprise with the highest profit among the 6 enterprises with capital from the Ministry of Construction.

In real estate investment and business: A new model of green and smart industrial parks was activated by Viglacera at Thuan Thanh Eco-Smart IP, a 5-star resort hotel (Angsana Quan Lan Ha Long), put into operation in the island area is considered the new marine economic center of Quang Ninh province. Not only that, also in 2024 – the context of the real estate market still has many difficulties – Viglacera still added to its land fund an additional 839.04 hectares of industrial park land through the Government’s approval of the investment policy for 3 more industrial parks, respectively Doc Da Trang Industrial Park (Khanh Hoa province), Song Cong 2 Industrial Park – Phase 2 (Song Cong City – Thai Nguyen province) and Tran Yen Industrial Park – Phase 1 (Tran Yen district – Yen Bai province).

Chairman Nguyen Van Tuan said that Viglacera is showing its ability to adapt very quickly to market fluctuations. In 2025, Viglacera will invite strategic consultants to research and define the necessary steps for Viglacera in the future. Restructuring activities for sustainable business development and further development will be carried out. Digitalization and promotion of governance using modern technology will continue to have new steps. Regarding real estate, the focus will be on areas that are Viglacera’s strengths such as investment in developing industrial park infrastructure, commercial real estate and social housing. Investing in Cuba is considered an important task with goals such as preserving capital and promoting investment in biotechnology factories in 2025.

General Director of Viglacera – Mr. Nguyen Anh Tuan stated that following the Board of Directors’ approval of the business and production plan, the company’s leadership will promptly will assign to each business group and subsidiary. He also highlighted that the market is expected to show gradual improvement in 2025, supported by the implementation of new laws, regulations, and policies that are having a positive impact. This presents promising opportunities for both the real estate and building materials sectors.

Following the directives of the Chairman of the BOD and the General Director, companies within both the Real Estate and Building Materials divisions have acted on by signing sales agreements through cooperation contracts. These agreements clearly define the responsibilities of both production and business units.

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