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.

On the morning of January 10, 2022, Viglacera Corporation – Joint Stock Company (JSC) held a conference to evaluate the business performance in 2021, and implement the tasks of the business plan and investment in 2022. Accordingly, in 2021, under the supervision of the Board of Directors, the consensus of all employees, Viglacera has exceeded the main targets set forth, continuing to affirm its position as a leading enterprise in the construction industry.

Reporting at the Conference, Mr. Nguyen Anh Tuan – Deputy General Director said: In 2021, despite facing many difficulties and big challenges due to the impact of the Covid-19 epidemic, under the drastic, proactive and flexible management of the Board of Directors in association with the consensus, solidarity, and efforts of all employees throughout the Corporation, the business performance has achieved main targets assigned by the General Meeting of Shareholders. Pre-tax profit of the whole Corporation is estimated at 1,527 billion VND, reaching 142% 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 the previous year of 2020.

Mr. Nguyen Anh Tuan – Deputy General Director reported the business performance in 2021 and tasks in 2022

In particular, the real estate sector greatly contributed to Viglacera’s business results in 2021, with an estimated profit before tax of VND 1,033 billion (reaching 122% of the year plan and an increase of VND 326 billion compared to the actual implementation in the year of 2020).

Specifically, in 2021, the real estate sector of the Parent Company continued to perform well in its leading role in maintaining production and business efficiency, making an important contribution to the Parent Company’s achievement. During the year, Viglacera Corporation was continuously focusing on investing, developing and expanding the industrial park land, expanding investment in new areas, continuing to affirm its position as one of the leading enterprises in the field of real estate and worker’s accommodation.

Mr. Nguyen Anh Tuan – General Director of the Corporation presented at the Conference.

Regarding investment and business in industrial park infrastructure, Viglacera quickly grasped the opportunity as and when foreign investment started shifting into Vietnam, focusing on leasing area of industrial park infrastructure with a coverage of about 166ha in the whole year. In addition, despite being heavily affected by the epidemic, Viglacera still targeted its resources on preparing for investment, especially compensation for site clearance, and synchronously-built infrastructure to have clean land for business; strengthen the marketing of secondary investors in existing Industrial Parks (IPs) to attract and anticipate the wave of secondary investors, increasing the efficiency of the existing land area.

Mr. Luong Thanh Tung – Deputy General Director of the Corporation and Mr. Nguyen The Chinh – Director of Real Estate Department reported at the Conference

At the same time, Viglacera deployed and invested in building service ecosystems such as: worker accommodation, cultural institutions, etc. in industrial zones with key projects.
In 2022, Viglacera will develop new industrial zones; industrial park infrastructure and services; wastewater treatment, waste treatment, clean water supply; electricity supply services, warehouse rental, etc. which meet standards and increase the competitiveness over domestic and foreign industrial park investors. In addition, the development of social housing projects, worker accommodation, commercial houses, resorts, etc. will also be financed to improve service quality, professional operation, and the utility of investment projects.

In the relation to the building materials segment, 2021 was a successful year for the Glass sector, making a great contribution to the overall results of the whole Corporation. 2021 was also the year marking the event that Viglacera Corporation increased its ownership in Phu My Super White Float Glass Company Limited (PFG) from 35% to 65% of charter capital and transferred from an associate to a subsidiary one from 1st October 2021.

Mr. Hoang Kim Bong – Deputy General Director of the Corporation and Mr. Quach Huu Thuan – Deputy General Director of the Corporation reported at the Conference

Officially put into production in December 2020, Phu My super white float glass factory phase I has a capacity of 600 tons/day. Right in the first year when PFG went into production, it exceeded the project’s target plan. This is a great initial effect of a well-planned investment strategy of Viglacera Corporation.

In 2022, Viglacera will continue to raise the brand name of construction glass products and all kinds of roofing tiles, cotto bricks, and sanitary ware products with top quality in the Vietnam market on the basis of in-depth investment in technology – technique; research and investment in developing new glass products; conducting surveys, investing in expansion and in new raw material mines, etc.

Mr. Tran Manh Huu – Head of the Supervisory Board of the Corporation and Ms. Tran Thi Minh Loan – Director of the Financial and Economic Department of the Corporation reported at the Conference.

Regarding tasks and plans in 2022, Viglacera Corporation – JSC focuses on market development and cooperates well with consulting units to effectively implement the Corporation’s brand development strategy project.

For the domestic market, VGC keeps developing the e-commerce sales system in parallel with consolidating the direct selling System; project channel and a team of consultants, architects; expanding the southern market in proportion to the investment scale of VGC and its units in this market, especially the market for new products of Viglacera My Duc II Factory; effectively deploying communication programs, focusing on brand promotion, developing new product models with high value, high production, and business efficiency.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors of the Corporation directed at the Conference.

For the export market, Viglacera develops and implements an export strategy to expand the market, focusing on products in the field of glass, sanitary ware – showers, tiles and other high-tech products; looking for new export partners, expanding export markets in countries participating in the common trade agreement, especially the US and European markets; promote the role of the Limited Company of Viglacera Tiles Trading Company in the US.

Thereby, striving to complete the planned targets set out in 2022 with the parent company’s profit before tax increasing by 2% compared to the implementation in 2021; the Consolidated profit of the whole Corporation increased by 14% compared to the performance in 2021.

Based on the achievements of 2021 and key operating solutions, focusing on production management, new product development, cost reduction, effective financial operation, etc., VGC will be apparently supported to successfully implement the 2022 production and business plan, to grow stably and sustainably.

Efforts to realize the “dual goals” of both fighting the Covid-19 epidemic and developing production have helped Viglacera continue to maintain its position as a pioneer in the manufacturing industry of construction materials and investment in real estate business in Vietnam. Below are Viglacera’s outstanding events in 2021:

1. The capitalization of Viglacera Corporation (VGC) on the stock market reached over 1 billion USD

Viglacera performed IPO in 2014 and started trading shares on Upcom from the fourth quarter of 2015 with a market capitalization of about 130 million USD, reaching over 450 million USD in 2017 and over 1 billion USD in mid-December 2021. According to data from the Ho Chi Minh Stock Exchange (HoSE), by the end of November 2021, there were 45 enterprises with a market capitalization of over 1 billion USD, including the presence of Viglacera Corporation – known as VGC code.

This is a recognition of Viglacera’s impressive growth results and sustainable development priorities, and at the same time affirms the Corporation’s comprehensive initiative and risk management ability in all activities, as well as the flexible and responsive adaptation to all market fluctuations.

2. In the first year, the parent company’s profit reached over VND 1,000 billion

Despite the impact of the Covid 19 pandemic, under the drastic, proactive and flexible management of the VGC’s Board of Directors along with the consensus of all employees, the business performance of the whole Corporation in 2021 has exceeded the main targets. Profit before tax of the whole Corporation was estimated at 1,575 billion VND, reaching 146% of the year plan, of which the profit of the parent company was estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to that in 2020.

3. Raised the capital ownership ratio in Phu My Super White Float Glass Company to 65%, recording the first year’s business performance exceeding the project’s target plan

2021 was also the year marking the event that VGC increased its ownership in Phu My Super White Float Glass Company Limited (PFG) from 35% to 65% of charter capital and transferred from an associate to a subsidiary from 1st. October 2021.

Officially put into production in December 2020, Phu My super white float glass factory phase I has a capacity of 600 tons/day. Right in the first year that PFG went into production, it exceeded the project plan and target. This is a great outcome of Viglacera Corporation’s well-planned investment strategy.

4. Viglacera acquired Bach Ma factory and invested in Continua+ technology to produce high-class large-format porcelain plates

With the acquisition of Bach Ma Factory, Viglacera currently owns 8 manufacturing factories nationwide with a total capacity of 43 million m2/year. Viglacera is also one of the first enterprises in Vietnam to invest in the world’s most modern production line to produce large porcelain plates using Continua+ technology of Sacmi (Italy) at Viglacera My Duc 2 Factory. The line has been updated with SACMI’s latest decorative printing and product forming technologies to create high-quality large-format porcelain plates with transparent veins (3,200mm x 1,600mm). This is part of the strategy to improve production capacity, expand markets, and affirm Viglacera’s vision and product development orientation in the high-end segment.

5. Expand investment in industrial zones in new areas and attract investors in the high-tech sector to invest billions of dollars

In 2021, the Corporation focused on investment and development, expanding the land fund of industrial zones, expanding investment in new areas, and continuing to affirm its position as one of the leading enterprises in the field of real estate industry and worker accommodation.

In the context of the current Covid-19 epidemic, a very large project of 1.6 billion USD of Amkor – the world’s leading corporation in the production of semiconductor materials has been invested in Yen Phong II-C Industrial park of Bac Ninh province. Thereby, Viglacera has affirmed its attraction to go ahead with the shifting trend of the world’s supply chains into Vietnam, as well as created a premise for the development of the high-tech industry in the following years.

6. Prestigious awards and outstanding achievements: Top 50 best listed companies on the stock exchange (Forbes), Top 10 prestigious IP and real estate companies in 2021, Top 5 prestigious construction companies – Building materials industry 2021 (VNR500)

With the orientation of building and implementing a sustainable growth strategy, Viglacera has been constantly trying to improve product quality, applying high technology, smart technology to research and develop green, environmental friendliness products. Recorded in 2021, Viglacera has been honored to receive many prestigious awards in the field of Construction such as 3 consecutive years holding the leading position in the Top 10 prestigious IP and real estate companies in 2021; Top 5 prestigious construction companies – building materials in 2021 and Top 50 best listed companies on the stock market in 2021 by Forbes Vietnam. In addition, Viglacera still maintains its National Brand and National Quality.

7. Viglacera made its mark on the map of Top manufacturers of ceramic tiles and sanitary ware in the world

Viglacera is the only building materials manufacturing enterprise nominated by Vietnam to attend and was honored in the highest category: World Class Award for large production in the Asia-Pacific International Quality Award. By the end of 2021, Viglacera also entered the Top 20 manufacturers of ceramic tiles and the Top 30 largest manufacturers of sanitary ware in the world.

8. Brand value of Viglacera is assessed in the Top 50 most valuable brands in Vietnam (according to Brand finance)

The brand value of Viglacera is valued at over $59 million and in the top 50 most valuable brands in Vietnam in 2021 (according to a report by Brand Finance).

This growth demonstrates the internal strength of Viglacera’s brand value, besides financial indicators, there are also great strides in customer satisfaction from products and services provided by Viglacera. With steady progress, VIGLACERA Corporation will continue to strive to maintain its leading position in the field of building materials production and investment, real estate business in Vietnam, stably and sustainably developing to assert its position in the international arena.

9. Corporate governance: using professional consulting services according to international standards

During its development course, Viglacera always considers transparency and professionalism as the core foundation in governance. From the above commitment, Viglacera has gradually implemented and developed corporate governance such as using professional consulting services in accordance with international standards, Big4, Deloitte and PWC (PricewaterhouseCoopers) are currently consulting agencies for internal audit activities of the Corporation.

10. Join hands with the community to prevent the Covid-19 epidemic

In addition to proactively developing an epidemic prevention plan throughout the Corporation, in the 4th outbreak from the beginning of May 2021 until now, Viglacera has contributed over 20 billion VND through the Fatherland Front Committee in localities and the Government’s vaccine funds.

In particular, in response to the complicated situation of the Covid-19 epidemic in Hanoi, Viglacera Corporation quickly implemented a project to sponsor sanitary equipment and tiles installed in an on-the-site hospital for the treatment of Covid-19 patients. Viglacera has installed sanitary ware and tiles in more than 100 sanitary areas in the hospital. Products with antibacterial features will help doctors and frontline workers fight the epidemic.