On January 20, 2022, Amkor Technology Group, INC (Korea), the world’s leading semiconductor material producer, officially successfully signed a land lease contract with a total investment of 1.6 billion USD in Yen Phong 2C Industrial Park (Bac Ninh Province) invested and developed by Viglacera Corporation – JSC.

On an area of 230,000 m2, Amkor Technology, INC will manufacture, assemble and test semiconductor materials, providing strategic partners with leading electronics companies such as Qualcomm, Samsung, NVIDIA, Foxconn, Broadcom, LG, SK Hynix. The project is expected to start construction in the first quarter of 2022 and put in operation at the end of 2023.

Mr. Tran Ngoc Anh – Director of Viglacera Real Estate Company awarded the Land leasing Contract to the Representative of Amkor Technology Group, INC.

Amkor Technology Group, INC took photos with representatives of Viglacera Corporation – JSC

The factory in Yen Phong 2C Industrial Park is the smartest, most modern factory in the group’s global assembly and testing system, focusing on bringing advanced assembly and system testing solutions in a package (Advanced System in Packages -SiP). The project is also the premise to bring the industrial park in particular and Bac Ninh province in general to appear on the world map for semiconductor manufacturing, attracting more large investors. Right from the beginning of 2022, auxiliary businesses of Amkor Technology Group, INC have started working with Viglacera to survey and research land lease in the nearest time.

Yen Phong 2C Industrial Park owns a prime location, outstanding infrastructure and clean land, it is ready to welcome enterprises to survey for factory construction.

Knowing that developing worker’s housing is Viglacera’s strength, Amkor Group has expressed interest and discussed with the investor the construction of a dedicated housing area for 6,000 employees in the future.

The working delegation directly visited the housing project for workers in Yen Phong Industrial Park.

During the period of the Covid-19 epidemic from the beginning of 2020, Viglacera has remained a reliable destination for more than 40 domestic and foreign investors, successfully attracting large manufacturing and technology corporations, multinational corporations such as Wiselead Company, Foxconn (Taiwan), BYD (China), Hyosung, Amkor (Korea), etc. with investment capital up to billions of USD and total leased area of more than 220 hectares. This is a testament to the determination and prestige of Viglacera Corporation – JSC to investors.

(*) Visiting Yen Phong 2C Industrial Park through 360 virtual reality tour: www.yenphong360.viglaceraip.com

Viglacera has been developing 11 industrial zones in Vietnam and one economic zone in Cuba, attracting nearly 15 billion USD of FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the local area. Thanks to the advantage of location in many provinces, Viglacera’s Industrial zones bring diverse choices for investors, meeting the needs of each business. Industrial zones all have clean land and complete, synchronous, and modern infrastructure, getting ready to welcome businesses to rent and build factories.

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

Over 55 percent of Japanese companies want to expand their business in Vietnam in this and next year, according to a survey by Japan External Trade Organization (JETRO).

42.5 percent want to retain the same production scale in the country, the survey released Wednesday stated.

Customers seen at a Uniqlo store in Hanoi, March 2020. Photo by VnExpress/Giang Huy

The survey polled 4,600 Japanese companies globally, including 700 in Vietnam, in August and September last year when the country imposed strict social distancing rules to curb the spread of the Delta variant.

This shows that during the most difficult time last year, less than 2 percent of Japanese companies wanted to narrow their business in Vietnam and less than 0.5 percent sought to shift production to other countries.

Takeo Nakajima, chief representative of JETRO Hanoi, told a press briefing Wednesday there was a decline in the ratio of Japanese companies considering expanding Vietnam business compared to pre-pandemic times, but this is a global trend.

This ratio in Vietnam remains higher than the ASEAN average, he added.

Nakajima said although “labor quality” was a matter of concern for Japanese companies in other markets, it is not the case in Vietnam.

“Japanese companies highly value the quality of Vietnamese workers.”

Japanese firms have also been reporting increased appreciation for Vietnam’s improving regulations and administrative procedures, but this figure plunged during the survey period.

“We understand that was because the government had to make short-term changes to curb the spread of the pandemic. In the long run, businesses expect improvement in this matter,” Nakajima said.

He also added that at least 39 Japanese companies are considering expanding their business in Vietnam as part of the Japanese government’s intention to diversify its supply chain.

Most of these companies have already been present in Vietnam, but want to shift some of their manufacturing from other countries here, he added.

Japan was the third biggest foreign direct investor in Vietnam last year behind Singapore and South Korea. Its registered capital was nearly $3.9 billion, accounting for 12.5 percent of total.

Source: VnExpress

On January 14, 2021 in Hanoi, Viglacera Corporation – JSC was honored to be in the top 500 largest enterprises in Vietnam in 2021 – the result is based on independent research and evaluation of the Vietnam Report Joint Stock Company (Vietnam Report).

Mr. Pham Hong Hai – Deputy Director of Trade Department, representative of Viglacera Corporation received the honorable award of VNR500.

This is the 4th time Viglacera Corporation – JSC has been honored in the top – Top 500 largest enterprises in Vietnam in the industry of manufacturing and trading building materials in the VNR500 ranking. It is to affirm Viglacera’s outstanding position in the Vietnamese business community with its achievements in revenue scale, and at the same time recognize its efforts to realize the “dual goals” of both fighting the Covid-19 epidemic and developing business released in 2021.

Despite the impact of the Covid 19 pandemic, under the proactive and flexible management of the Board of Directors of Viglacera Corporation and the consensus of all employees, the production and business activities of the whole Corporation in 2021 have exceeded the main targets. Profit before tax of the whole Corporation is estimated at 1,575 billion VND, reaching 146% of the year plan, of which the profit of the parent company is estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to 2020.

Viglacera Corporation – JSC in the Top 500 largest enterprises in Vietnam in the field of manufacturing and trading building materials

The fact that Viglacera continues to maintain its name in the VNR500 ranking continues to show the leading and pioneering role of Viglacera Corporation – JSC in the field of manufacturing, trading building materials, and investing in real estate business in Vietnam, affirming Viglacera’s achievements, efforts, and dedication to the country’s socio-economic development.

On the Ranking of 500 largest enterprises in Vietnam 2021, Viglacera is ranked 137th and 2nd among the largest enterprises and one in the building materials industry respectively. VNR500 ranking is built based on independent research and evaluation results of Vietnam Report Joint Stock Company (Vietnam Report), combined with an analysis of the criteria of actual revenue of enterprises, total assets, total employees, profit after tax, and other indicators such as profitability index (ROA), ROE, media reputation of the business, etc. Enterprises do not have to pay any fees to be listed in VNR500 Ranking.

VIGLACERA Corporation – JSC and Vi-Mariel SA Vietnam Company donated one hundred tons of rice to Cuba at the headquarters of the Cuban Ministry of Internal Trade (MINCIN), Havana on Monday (January 10, 2022).

During the event held at the headquarters of the Cuban Ministry of Internal Trade (MINCIN), Vice President of ViMariel SA Company, located in the Mariel Special Development Zone (ZED Mariel), emphasized that the people of the two countries always stand side by side at all times, both in war and in peace.

Mr. Nguyen Quang Hung, Vice President of Vietnam’s ViMariel SA Company, presented 100 tons of rice to the Cuban people to show the special solidarity of the two countries.

Mr. Nguyen Quang Hung, Vice President of ViMariel SA, said that Viglacera Corporation – JSC is currently developing two projects in Cuba, one of which is SANVIG Company, with two factories producing sanitary ware and ceramic tiles in the cities of San José and Santa Cruz del Norte, in the province of Mayabeque. In 2021, despite the COVID-19 pandemic, SANVIG will continue to grow profitably and create many products for the Cuban people.

“We are facing the same difficulties and challenges as any other company in the world and especially in Cuba,” emphasized ViMariel SA vice president, referring to the US strengthening the Caribbean nation’s blockade nearly six decades ago and the situation in which COVID-19 has hampered the economic recovery. “Even so, the ViMariel SA industrial park infrastructure project, the first franchise approved by General Raúl Castro, continues to develop and adhere to the three-month implementation plan.”

Mr. Grisel Ávila Díaz, Deputy Minister of Internal Trade (MINCIN) thanked Viglacera Corporation for the donation that will directly benefit the Cuban people. Deputy Minister representing MINCIN, on behalf of the Cuban people, the Government and the Party, thanked the donation that will support Cuba’s plan to prevent and control the COVID-19 pandemic.

Also present at the ceremony were Ms. Deborah Rivas Saavedra, Deputy Director General of the Ministry of Foreign Trade and Foreign Investment, and other officials of these organizations and the Vietnamese Embassy in Havana.