Each kWh of electricity will increase by nearly VND 144 to the average of more than VND 1,864 from March 20th, 2019

Specifically, the average electricity selling price will increase from VND 1,720.65 to over VND 1,864 per kWh (not included VAT). This Decision has just been signed and will come into force from March 20. This increase has been agreed by the Government. Previously, the Government also met with the Ministry of Industry and Trade and related ministries and agencies to discuss about raising electricity selling prices. So after more than 2 years having stayed at the same rate, the average retail price of electricity is adjusted to increase.

Vietnam raises its electricity prices by 8.36 percent on March 20, 2019. Photo by VnExpress

Earlier in March, the Ministry of Industry and Trade informed about the expectation to adjust electricity price at the end of the month.

“If the input costs are fully calculated, this adjustment must be at nearly 10%, but taking the macro factors into consideration, an increase of 8.36%, is used” said a Deputy Minister of Industry and Trade.

According to the Prime Minister’s Decision 24, electricity prices currently have had many different frames and rates for each customer group.

Regarding the impact on growth and the consumer price index (CPI), Ministry of Industry and Trade and General Statistics Office calculated that with an increase of 8.36% in electricity price, it will reduce by 0.22% of GDP and consumer price index (CPI) will increase by 0.29%.

Source: VnExpress

In the morning of 2 February 2020, Viglacera Corporation – JSC held a briefing to evaluate results of the production and business plan commenced in February 2020, and to launch business and production plan in March 2020.

The evolution of Covid-19 influenza epidemic has made a negative impact on production and business activities of the whole market recently, which also leads to a direct consequence of affected business results in February of Viglacera Corporation, for instance, Manufacturing factories suffer from insufficient input materials; export activities meet difficulties.

Despite the adverse circumstance, in the February and first 2 months of 2020, Real Estate sector of the Corporation surpassed the February plan and the accumulated profit in the first 2 months increased by 10% compared to the previous period. Industrial infrastructure leasing business is still a highly effective field of Real Estate Department in the first 2 months.

Delivering a leadership speech at the briefing, General Director Nguyen Anh Tuan directed the Corporation to stick to goals of March and the first Quarter plan of 2020, focus on solutions in management activities. Directors and officers shall be present at subsidiary units to engage themselves in problem-sovling and be proactive before all market developments in the near future.

In March, apart from deploying business and production plans in units in accordance with available plan, the Corporation also concentrated on implementing important works such as organizing Employees’ Meeting at units and holding the annual General Meeting of Shareholders 2020 in joint stock companies, preparing for the General Meeting of Shareholders of the Corporation in April 2020.

The whole Corporation focuses on following targets of production and business plan in March, the first Quarter of 2020; Assigning specific and clear tasks for each officers to ensure timely progress and quality of works under functions and duties of their respective departments and divisions; Reporting timely difficulties and obstacles to pinpoint solutions to ensure achievements of goals and progress as expected; Continuing to take preventative anti-epidemic measures in all units and Parent Company Office.

Viglacera launched the tree planting Movement for New Year of 2020 and ground breaking for office building in Yen My Industrial Park – Hung Yen

On January 31, 2020, the 7th day of Canh Ty Year, in the atmosphere of early spring and full of vitality, Viglacera Corporation holds an movement: “Tree planting for new year of 2020 and ground breaking for office building in Yen My Industrial Park – Hung Yen ” in Yen My Industrial Park, Yen My district, Hung Yen province.

During his lifetime, President Ho Chi Minh taught: “For a sake of ten years, a tree must be planted, for a sake of hundred years, a man must be educated”. Inspired by his philosophy, the leaders and all employees of Viglacera Corporation are always aware that planting trees and protecting the environment are important jobs which go closely with the comprehensive development process of the Corporation, contributing to the sustainable development of the industrialization and modernization of the country.

Yen My Industrial Park Project – the project was approved by the Prime Minister on May 30, 2018 with an area of 280 hectares and total investment of VND 2,348 billion, it is divided into 5 phases, granted with the investement certificate by the Management Board of Hung Yen Industrial Parks on July 30, 2018 and scheduled to complete the investment in technical infrastructure in the second quarter of 2023. The project is of great significance for local socio-economic development and expected to contribute to the industrialization and modernization of the country with the spirit of solidarity and strong will. This will be a modern, synchronized and environmentally friendly Industrial Park, in which the system of trees and grass will be a highlight to create a green and environmentally friendly landscape.

Mr. Nguyen Anh Tuan – Director of Viglacera’s Industrial Zone Development Joint Stock Company makes a speech to introduce the project in Yen My – Hung Yen

Currently, Viglacera is actively implementing Phase 1 to level about 90ha of land and constructing technical infrastructure along with the set schedule and quality assurance, on the other hand, it is also accomplishing procedures to build a clean water plant and waste water treatment plant by 2020.

In the jubilant atmosphere to welcome the New Year (Spring Canh Ty), the 90th anniversary of the Communist Party of Vietnam’s foundation. Delegates at all levels from Bac Ninh provincial Congress headed towards the 13th National Congress. On 30 January 2020 (the 6th lunar day of Spring Canh Ty). Viglacera Corporation solemnly held ceremonies for the groundbreaking of the infrastructure construction and business of Yen Phong 2C Industrial Park, Yen Phong District, Bac Ninh Province and the inauguration of social housing in Yen Phong Industrial Park.

Overview of the groundbreaking ceremony of Yen Phong IIC Industrial Park, Yen Phong District, Bac Ninh Province

Attendees of the ceremonies included: Mr Pham Hong Ha – Member of Central Committee of the Party, Minister of Construction; Mr Nguyen Nhan Chien – Member of Central Committee of the Party, Secretary of the Provincial Party Committee, Head of the National Assembly Delegation of Bac Ninh Province; Mr Dao Hong Lan – Alternate Member of the Party Central Committee, Permanent Deputy Secretary of Bac Ninh province; Comrade Nguyen Ngoc Diep – Director of Economic Department – Governmental office; Mr Tran Quoc Trung – Deputy Director of Industrial Park, Economic Zone Department – Ministry of Planning and Investment. Representatives of leaders from the Provincial Party Committee, People’s Council, People’s Committee of Bac Ninh province; Representatives of leaders from departments and units of Bac Ninh province; Representative of leaders from Departments and Division under Ministry of Construction and Ministry of Planning and Investment; Representatives of leaders from the Party, the Government and local people. On the side of Viglacera Corporation – JSC, reprensented by leaders: Mr Nguyen Van Tuan – Chairman of the Board of Management, Mr Nguyen Anh Tuan – General Director of the Corporation, Deputy General Directors, heads of Department and Division under the Corporation and directors of subsidiary units.

Mr. Tran Anh Tuan – Director of Management Board of key projects of Viglacera Corporation introduces about the project of Yen Phong 2C IP

Yen Phong 2C Industrial Park, which has a scale of 221 hectares was approved by the Prime Minister for investment policy under Decision No. 1139/QD-TTg dated 11 September 2018. With convenient geographical location, important traffic hubs such as Highway 18, New Highway 1A, 1B, Hanoi – Thai Nguyen highway make it effortlessly accessible to Noi Bai International Airport and Hai Phong port and Cai Lan port – Quang Ninh. Yen Phong 2C IP will be a location attracting multi-sector investment, mainly processing, manufacturing, high-tech and non-polluting industries. With its experience and capacity, in the shortest time, Viglacera has completed investment procedures and planned to compensate for the site clearance of approximately 100 hectares in the second quarter of 2020. Focus on expediting the investment in construction of technical infrastructure and leasing in accordance with commitments made to the local.

Deputy Secretary of the Provincial Party Committee, Chairman of Bac Ninh People’s Committee – Mrs Nguyen Huong Giang speaks at the ceremony

At the ceremony, Mrs Nguyen Huong Giang – Deputy Secretary of the Provincial Party Committee, Chairman of Bac Ninh People’s Committee gave a brief speech on achievements of Bac Ninh province in the the past time, especially in term of foreign investment attraction, IP developments, which are sources of local economic development. Yen Phong IP is one of 16 industrial parks which earns a lot of investors’ attentions. The provincial leaders also instructed relevant agencies to coordinate and facilitate investment in IPs. In particular, the availability of the housing area of Yen Phong IP will contribute to solving problems relating to the accommodation for workers employed in the Industrial Park, afirming Viglacera’s social responsibility, which play an important role in Socio-economic development process of Bac Ninh province. Deputy Secretary of the Provincial Party Committee highly valued the determination of Viglacera Corporation as a pioneer in the field of social housing and technical infrastructure construction. In addition, Bac Ninh departments and agencies continue to create favorable conditions for Viglacera to complete project projects in accordance with the progress, clear the site quickly enough,comply with regulations strictly , and improve investment attraction, create an outstanding highlight in socio-economic development of Bac Ninh province, etc.

Mr Pham Hong Ha – Member of the Party Central Committee, Minister of Construction speaks at the ceremony

Speaking at the ceremony, Mr. Pham Hong Ha – Member of the Party Central Committee, Minister of Construction evaluated: The commencement of construction and business on Yen Phong 2C Infrastructure Project has a practical meaning in celebrating the 90th anniversary of the Communist Party of Vietnam’s foundation and major national holidays, and this is the clearest evidence of Vietnam’s leading real estate and construction material business enterprise, who always shows social responsibility, make a positive contribution to the development of social security in locals, improve the quality of life for employees, strengthen the connection between employees and companies, promote business and production, attract investment in IPs, marking the strong growth of Viglacera in recent years. Minister Pham Hong Ha demanded Viglacera to focus all its efforts to deploy the project in time and with the best quality.

Ceremony of commencing Yen Phong IIC Industrial Park

When Yen Phong 2C IP comes into operation, it will contribute to promoting domestic and foreign investment attraction, reasonable exploitation and use of land fund, speeding up growth rate, shifting economic structure of the province, creating job opportunities, increasing budget revenues, developing regional economy and improving living standards of local people, and particularizing objectives set under the Resolution of the the 19th Party Congress Bac Ninh province, striving to make Bac Ninh province a civilized and modern city directly under the Central Government in 2022.

The construction of Yen Phong 2C Industrial Park is also the most practical action of Viglacera Corporation to celebrate the 1010 th anniversary of Thang Long – Hanoi, 75th year of National Day and 45th year of Vietnam’s liberation. After this groundbreaking ceremony, Viglacera pledged to focus all resources to execute site clearance, invest in technical infrastructure to ensure the quality, progress, synchronization, comfort, modern, good environmental resolution and put the Industrial Park into operation, get a clean ground ready to welcome large domestic and foreign investors to in the Industrial Park.

The inauguration ceremony of Worker Housing in Yen Phong Industrial Park, Yen Phong District, Bac Ninh Province

In the morning of the same day, Viglacera Corporation inaugurated Social-Housing in Yen Phong Industrial Park, buildings for workers with nearly 5,000 apartments for workers.

Social housing area for workers in Yen Phong IP is located in a complex of social housing and cultural institutions in Yen Phong Industrial Park, this is a complex of multi-function construction including: 01 primary school, 01 kindergarten, cultural houses (accomodate about 1,000 people), clinics and greenery spaces, gymnasiums, etc. are invested on 17,000m2 of land. The social housing for workers will be operated and solve accommodation problems for workers, indirectly support the cost and provide companies in need of many manufacturing laborers with abundant human resources in the industrial park. In addition, shortening travel time as well as indirectly reducing traffic flow, alleviate traffic congestion at peak hours, which is a pressing social issue today.

Viglacera is a company under Ministry of Construction, operating in two main business: Producing construction materials and real estate investment. For many years, Viglacera has always been a pioneer in producing and trading construction materials such as glasses, sanitary porcelain, ceramic tiles; At the same time, it is also known as a leading brand of all economic sectors in the field of IP infrastructure investment and social housing. Currently, Viglacera has successfully deployed 11 domestic and foreign industrial parks. The above mentioned industrial parks have attracted nearly 350 investors with a total investment estimated at 15 billion USD, especially Yen Phong IP attracted about 11 billion USD (with big investors such as Samsung, Orion, Intop, Mobase, etc. solve job problems for nearly 100,000 workers). This is an IP with the highest investment attraction in the country and generates large export income, contributing to the national export turnover.

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