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.

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.