Vietnam was one of the few Asian countries that did not fall into a sharp economic downturn during the Covid-19 pandemic in 2020 and 2021. The World Bank (WB) forecasts that in 2022, Vietnam’s GDP will increase by about 5.5%.

FDI business

79 countries and territories invested in Vietnam in the first 5 months of 2022. In which, Singapore led with a total investment of nearly 3 billion USD, accounting for 25.3% of the total investment capital in Vietnam, decreasing by 43.8% over the same period in 2021. Korea ranked second with over 2.06 billion USD, accounting for 17.6% of the total investment capital, increasing by 12.6% over the same period. With the large-scale Lego project which has a total investment of over 1.3 billion USD, Denmark continued to rank third with a total registered investment capital of around 1.32 billion USD, accounting for 11.3% of the total investment capital. The next ones were China, Japan and Hong Kong.

As regards the number of projects, Korea was still the partner with the largest number of investors that were interested as well as making new investment decisions, expanding investment projects, contributing capital and buying shares in the first five months of 2022 (accounting for 19.4% of the total number of new projects, 33.9% of adjustments and 36.7% of contributing capital and buying shares, respectively).

DW (German Media): Vietnam is a new destination for European companies

According to an article published on DW website (Germany) on June 8, Vietnam’s vibrant economic activity in recent years has been a factor attracting the attention of European companies.

Vietnam’s economic performance during and after the pandemic has attracted the attention of some large European companies. German automation engine supplier Brose is deciding on a new production site between Thailand and Vietnam.

Previously, in December 2021, the Danish toy maker Lego announced that it would build a $1-billion factory near Ho Chi Minh City – one of Europe’s largest investment projects in Vietnam so far.

Speaking to DW, Mr. Raphael Mok, head of Asia at Fitch Solutions, said that Vietnam has become a more attractive destination for investors. The country is also massively investing in infrastructure.

A report by Germany Trade & Invest, a research and consulting platform, indicates that these agreements also help European businesses have easier access to public procurement activities in Vietnam.

Catching the wave of real estate investment from Japan to Vietnam

A strong wave of investment from Japan is “landing” in Vietnam’s real estate market as industry leaders are encouraged and promoted to invest in building smart cities in potential cities in 10 ASEAN countries.

Since the end of 2020, the Japanese government has had policies to encourage and promote large real estate companies to invest in and build smart cities in 10 ASEAN countries. These policies have quickly helped Vietnam become the focus of many Japanese investors.

(Source: FIA/TTXVN)

On April 26, 2022, Viglacera Corporation – JSC (stock code VGC) held the Annual General Meeting of Shareholders.

 With respect to business and production results in 2021, the parent company’s revenue reached 5,559 billion VND, accounting for 111% of the plan assigned by the General Meeting of Shareholders; the Corporation – Joint Stock Company (consolidated) reached 11,194 billion VND, making up for 93% of the plan assigned by the General Meeting of Shareholders. In terms of pre-tax profit, the Parent Company reached VND 1,149 billion; the Corporation – Joint Stock Company (consolidated) reached VND 1,541 billion, up 53% and 54% of the plan assigned by the General Meeting of Shareholders, respectively. With these results, the dividend payout ratio in 2021 is expected to be 15%, up 3% compared to the plan.

Regarding the investment and development plan in 2022, Viglacera sets a plan for consolidated pre-tax profit to reach VND 1,700 billion and revenue of VND 15,000 billion, up 10% and 34% compared to 2021, respectively. The Parent Company sets a pre-tax profit target to reach VND 1,200 billion and revenue to reach 6,500 billion dong, up 4% and 17% compared to 2021, respectively. The dividend payout ratio is expected to be 16%.

For the real estate sector, VGC continues to synchronously invest in technical infrastructure in the industrial parks being deployed. To achieve the target in 2022-2023, the Corporation is preparing to invest and deploy new investment in about 2,000 hectares of industrial parks: Phu Ninh Industrial Park (Phu Tho), Dong Trieu Industrial Park (Quang Ninh), Tay Pho Yen Industrial Park (Thai Nguyen), the complex of Industrial Parks – Urban Areas – Services in Yen Bai…

In addition, Viglacera Corporation will continue to develop social housing and worker housing with projects in Dong Van IV Industrial Park, Phu Ha, Yen Phong – Bac Ninh… and commercial housing, resort tourism. In the plan 2022-2023, the Corporation prepares to invest and deploy new investment of about 200 hectares in the housing sector.

For more information about industrial parks developed by Viglacera, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com

On March 23, 2022, the Standing Committee of the National Assembly approved a Resolution No. 17/2022/UBTVQH15 on the annual and monthly overtime hours of employees while ensuring COVID-19 prevention and control and socio-economic recovery and development.

According to the Resolution, an employer may assign employees to work overtime for 200-300 hours per year if it is agreed by the employees, except for the following cases:

– Employees aged between full 15 and under 18;

– Employees with mild disabilities with work capacity reduction of least 51% or employees with severe disabilities or extremely severe disabilities;

– Employees doing arduous, hazardous, dangerous or extremely arduous, hazardous or dangerous works;

– Female employees in their 7th month of pregnancy onward (or in the 6th month of pregnancy onward in case they work in the highlands, remote areas, bordering areas or islands);

– Female employees nursing children under 12 months old.

This document comes into force from January 01, 2022 and does not apply to the cases specified in Clause 3 Article 107 of the Labor Code.

Source: chinhphu.vn

On March 24, 2022, in Quang Yen town, Quang Ninh province, Viglacera Corporation – JSC held the Groundbreaking Ceremony of the housing project for workers and experts in Dong Mai Industrial Park.

The event marks the next important step in 2022 for the Corporation, continuing to affirm the leading enterprise of the construction industry; the prestigious brand not only in the field of production of building materials but also in industrial park infrastructure investment, real estate investment, social housing development, especially housing for industrial workers.

Attending the groundbreaking ceremony were Members of the Central Committee of the Party, Minister of Construction Nguyen Thanh Nghi and Secretary of the Quang Ninh Provincial Party Committee Nguyen Xuan Ky, representatives of the leaders of the Provincial Party Committee, People’s Council and People’s Committee of Quang Ninh Province; Leaders of departments of Quang Ninh province; Leaders of the Party Committee, People’s Committee of Quang Yen Town; the comrades representing leaders of Departments and Departments of the Ministry of Construction, central and local press and television agencies; representatives of local government and people; Leaders of Viglacera Corporation and enterprises participating in investing in Dong Mai Industrial Park.

Viglacera Corporation has more than 20 years of experience in industrial park (IP) development in Vietnam, with 12 IPs with more than 4,000 hectares of leased land attracting more than 300 domestic and foreign investors. Among them are large and high-tech manufacturing corporations, multinational corporations such as Samsung, Hyosung, Amkor (Korea), Canon, Yazaki, Toyoda Gosei (Japan), Foxconn (Taiwan), BYD (China), etc. with investment capital up to tens of billions of USD.

Viglacera focuses on developing synchronous infrastructure in IPs: technical infrastructure, service infrastructure and social infrastructure, full of other utility services, Viglacera’s IPs have affirmed its outstanding advantages in the business of industrial real estate and become the leading industrial park developer in Vietnam.

Minister of Construction Nguyen Thanh Nghi directed at the ceremony

Particularly in Quang Ninh, Viglacera Corporation – JSC is currently the investor of two infrastructure investment and business projects in Dong Mai Industrial Park (Quang Yen Town) and Hai Yen Industrial Park (Mong Cai City). These are two of the industrial zones identified by Quang Ninh province as a key attraction for strategic secondary investors.

In which, Dong Mai Industrial Park has an area of 168 hectares, has completed the construction of technical infrastructure and has attracted 23 production enterprises with a workforce of about 15,000 people; it is expanding with an expected scale of 149 hectares and carrying out procedures to prepare for project investment.

Deputy Secretary, Standing Vice Chairman of the Party Committee of Quang Ninh Provincial People’s Committee Cao Tuong Huy spoke at the ceremony

With a location right next to Dong Mai Industrial Park, Dong Mai Industrial Park’s housing project for workers and experts developed by Viglacera Corporation – JSC has a total area of 9.1ha, including 5 blocks of 6 floors with 1,000 apartments for workers and 72 low-rise houses for professionals working in Dong Mai Industrial Park. The apartment area is from 26 – 67 m2, including 1 – 3 bedrooms; the low-rise land area is from 82 – 90 m2 and the construction area is from 245 – 287 m2. The project is invested with synchronous technical infrastructure and full utilities such as green parks, kindergartens, public services plus, fire protection system, supermarket, clinic, pharmacy, etc.

Director of Construction Investment Projects Management Board of Viglacera Corporation Tran Anh Tuan reported on the project at the Ceremony

The project has a selling price of only 7.1 million VND/m2 and the apartment rental price is only from 31,500VND/m2/month, this will help employees “settle in and live happily” with a long-term commitment to enterprises in the industrial park and ensure the goals of economic development and local social security.

Groundbreaking Ceremony of Dong Mai Industrial Park Housing Project for workers and experts

By taking the initiative and taking the lead in investing in worker’s housing in industrial zones, Viglacera is making a great contribution to implementing guidelines and policies of the Government and the Ministry of Construction as well as Quang Ninh province on social housing development for workers, especially when the situation accommodation shortage is increasing with the speed of industrial development in Vietnam, thereby it is demonstrated Viglacera’s responsibility to the community as well as increases its attractiveness for industrial zones that Viglacera invests in.

Layout of residential area for workers and experts in Dong Mai Industrial Park

The housing project is fully invested with utilities such as green park, kindergarten and supermarket