On October 4, 2019, Viglacera Corporation held a briefing meeting to evaluate production and business results in the third quarter and the first nine months of the year, as well as deploy the production and business tasks for the last 3 months of 2019. Viglacera’s result in the first 9 months of the year has recorded that the parent company’s profit has reached and exceeded their plan.

Attending the meeting were Mr. Nguyen Van Tuan – Chairman of the Board of Directors, Mr. Nguyen Anh Tuan – General Director, members of the Board of Directors, Supervisory Board, and Deputy General Directors together with the unit directors and the key officials of departments from the Corporation.

Mr. Nguyen Anh Tuan – Deputy General Director of the Corporation reported the overall evaluation of business results in the third quarter, the first 9 months of 2019

According to the evaluation report, the results of the business plan implementation in September include: profit before tax of the whole Corporation reached 103% of the monthly plan, and nine-month accumulation reached 109% of the nine-month plan and 80% of the whole 2019 plan.

Ms. Tran Thi Minh Loan – Director of Finance and Accounting Department & Ms. Pham Ngoc Bich – Head of Supervisory Board evaluated the recorded figures in the report on Business Results of Quarter III and in the first 9 months of 2019

The construction materials market in general is still in a difficult period, but with the support of the real estate field, the Corporation’s other targets basically follow the plan from the beginning of the year. Achievements from the industrial parks’ real estate sector proved the Corporation’s right decision.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors chaired the meeting

Based on the results achieved in the third quarter and in the first 9 months of 2019, Viglacera sets a target plan for the last 3 months of 2019 including continuing to follow the monthly targets of each unit and each group and resolving promptly the arising problems to well achieve the committed plan. Exports have been specially focused and elaborated with a detailed implementation plan right from the fourth quarter of 2019 and prepared for the 2020 plan with the aim at reducing the pressure of domestic competition as well as affirming the Viglacera brand.

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

In order to complete the set plan, General Director Nguyen Anh Tuan said: “The overall market in this year and the next year will still be in difficulty, and the competitiveness will be greater. After this meeting, all unit Directors and officials are requested to concentrate on setting up a specific action plan in production and business activities, overcoming all difficulties in order to complete the fourth quarter committed plan and the 2019 plan”. As a preparation for the 2020 plan, the General Director ordered the units to determine the orientations for product development, to readily take any opportunities and to anticipate any difficulties to be proactive in every situation. In addition, the divestments of the Corporation at the Red Brick Block Units should be implemented in accordance with the schedule committed at the General Meeting of Shareholders.

From the achieved results, it shows that Viglacera is proactively and actively implementing the planned targets with the determination to complete the business and production plan. Facing with the common difficulties of the whole market, Viglacera has been maintaining production and business activities in the fields of real estate and construction materials, ensuring the progress of investment projects, proactively proposing synchronous and timely measures in production and business administration to scomplete the plan for the fourth quarter and the whole of 2019.

After inauguration in the afternoon September 29, Bac Giang – Lang Son highway shortens traveling time between Hanoi and Lang Son from 3.5 hours to 2.5 hours compared with Highway 1.

The project Bac Giang – Lang Son highway has a total investment of 12.189 billion VND, including 2 components: 100km enhanced Highway 1 through Bac Giang and 64km Bac Giang – Lang Son City express way.

The highway starts at km45+100 intersecting Highway 1 in Mai Sao commune, Chi Lang district, Lang Son and ends at km108+500 connecting Highway 1 with Hanoi – Bac Giang. The highway is 25m wide including 4 lanes and 2 emergency stopping lanes with a designed speed of 100km/hour.

Bac Giang – Lang Son highway before inauguration. Image: Bá Đô.

Speaking at the inauguration, The Deputy Prime Minister Trinh Dinh Dung highlighted that this is the lifeline route being one of 7 radial highways to Hanoi. This route will ensure regional provinces’ national defense, reduce congression on the Highway 1 and promote the provinces’ services and production.

The Deputy Prime Minister recognized the attempt of the investors and the locals in basically completing the inauguration within less than 2 years as well as asked Ministry of Transport and investors continuously implement Huu Nghi – Chi Lang and Dong Dang – Tra Linh (Cao Bang) route for a synchronized connection with Bac Giang – Lang Son route.

Mr. Trinh Dinh Dung said the Government has planned road system by 2020; and by 2030 the whole country will have 6.411 km of highway in all 3 regions.

The project Bac Giang – Lang Son was commenced construction in 2015; however, because of the lack of resource and management capacity of the investors at that time, the project was delayed nearly 2 years. Until June 2017, the highway 1 component only reached 13% of output and expressway component was not deployed. The head investor at that time, Mr. Nguyen Van Duong (under UDIC Company) was criminally prosecuted in the case of hi-tech gambling, therefore, the project was completely suspended.

In June 2017, new investors were invited to join the Bac Giang highway project by the Ministry of Transport. After 2 years conducting, the project has reached the scheduled progress set by the Government and the Ministry of Transport.

On September 26th, 2019, the People’s Committee of Thua Thien – Hue Province handed over an investment registration certificate to Kanglongda International Holdings Limited to launch the first factory in Vietnam.

The ceremony of granting Hue Kanglongda factory investment registration certificate

Mr. Phan Ngoc Tho – Chairman of Thua Thien – Hue Provincial People’s Committee awarded Investment Registration Certificate to Mr. Zhang Jian Fang – Chairman of directors of Kanglongda International Holdings Limited

Kanglongda Company has planned to enter into Vietnam market with the aim at increasing its global supply ability since 2018. After a detailed research and survey, the company decided to invest 200 million USD to build and operate a 35-hectare factory in Phong Dien Industrial Park (Viglacera). The factory will produce: disposable gloves (including protective gloves for electronics and medical gloves) and polyethylene fibers. It is expected to go into operation in the first quarter of 2021.

A representative of Kanglongda Company said that the first factory in Vietnam is of importance to the parent company’s market development and expansion strategy. Therefore, the Board of Directors had considered carefully before selecting Phong Dien Industrial Park (Viglacera) to settle down. They assessed that the park has great advantage of transportation advantage when it is only about 30km away from Hue city towards the north, near National Highway 1A and North-South railway, about 45km from Phu Bai International Airport and about 80km from Chan May Port, as a result it is extremely convenient to transport goods via sea, rail, road and air. At the same time, the abundant local labor force will meet the recruitment needs of the company. In addition, the appropriate preferential policies, the support from local authorities and the province’s developing infrastructure are also important factors in Kanglongda’s decision.

Talking about the investment environment of the province, the management board of Thua Thien Hue Industrial Parks said: “With the promotion of construction investment and preferential policies to create an area of cleared land to attract businesses, we believe that investors can be completely assured when investing in the province; apart from the preferential policies of the Government, Thua Thien Hue province is committed to provide the best conditions for investors when they come to Hue. Accordingly, the investment projects in the industrial parks will have enjoyed very low rates of land lease and reasonable service prices. Projects in the province will be also applied the low land renting price as prescribed. Besides, the province partly supports the site clearance compensation for key projects and the cost of training human resources for enterprises investing in the area. In addition, the province will enhance investment promotion, provide free information and simplify administrative procedures to give the maximum convenience for companies.

That the first enterprise has invested in Phong Dien Industrial Park (Viglacera) is an evidence for the increasing attractiveness of the province and the industrial park, as well for affirming the great prestige of Viglacera.

Image: Kanglongda International Holdings Limited in China

Developed by Viglacera Corporation – JSC, Phong Dien Industrial Park (Viglacera) covers a 284-ha area and posesses a synchronous and modern technical and service infrastructure system including a 110/22KV power source supplied from the national grid and a water plant with capacity of 11,000 m3/day. With the advantage of preferential corporate income tax (applied tax rate of 17% for 10 years) and the location adjacent to a quarry of large-reserve and high-quality quartz sand, Phong Dien Industrial Park (Viglacera) shows its potential to attract more investors in the future. Currently, the Industrial Park has cleared land and got ready to welcome businesses.

Proud to be the Vietnam leading industrial Park developer, Viglacera owns a list of active industrial parks including Tien Son Industrial Park (Bac Ninh), Yen Phong Industrial Park (Bac Ninh), Yen Phong 2C Industrial Park (Bac Ninh), Phu Ha Industrial Park (Phu Tho), Hai Yen Industrial Park (Quang Ninh), Dong Mai Industrial Park (Quang Ninh), Tien Hai Industrial Park (Thai Binh), Dong Van IV Industrial Park (Ha Nam), Phong Dien Industrial Park (Thua Thien Hue), Vimariel Economic Area (Cuba). These industrial parks have attracted more than 300 investors around the world, including many prestigious brands such as Samsung, Orion, Canon, Toyoda Gosei, Yazaki, Ariston, Texhong, etc. In 2020, Viglacera is expected to open other industrial parks in Yen My (Hung Yen) and Thuan Thanh (Bac Ninh).

For more information, please contact the hotline: (+84) 888 25 22 88 | Website: https//viglaceraip.com

On September 24 in Hanoi, Brand Finance officially announced the list of Top 50 Most Valuable Brands in Vietnam 2019. Accordingly, Viglacera ranked top in growth rate and appear in the above list.

The event announcing the Ranking List of Top 50 most valuable brands in Vietnam is annual organized by Vietnam Mibrand Consulting Company in combination with Brand Finace – a Brand Valuation Company, with the aim at honoring the enterprises which in the list, as well as creating opportunities for Vietnamese businesses to better acknowledge and understand the importance of brand development for businesses.

Viglacera Corporation – JSC ranked top in growth rate in 2019 and appeared in the top 50 most valuable brands in Vietnam 2019

According to the ranking list that Brand Finance just published, Viglacera ranked top in growth rate and appeared in the top 50 most valuable brands in Vietnam. In the three years, from 2017 to now, there has been a growth of 6 consecutive levels from the corporation. According to experts, this growth reflects the internal strength of Viglacera’s brand value which is shown not only in financial indicators but also their great progress on customer satisfaction in Viglacera’s products services.

In addition to being in the Top list of the most valuable brands in Vietnam, on August 21, 2019, Viglacera was officially announced to achieve the highest title of “World Class” of the large-scale service production group by the 2019 GPEA Awards Council for their outstanding achievements and innovation in 2018-2019. This is a prestigious, reputable and international award given by the Asia-Pacific Quality Organization to excellent enterprises in the region. GPEA’s criteria for evaluating Viglacera’s production capacity and scale met the strict standards of the Directorate for Standards and Quality and the model of Malcolm Baldrige and EFQM Awards (USA).

Taking the lead in the integration trend, when world trade agreements opened up opportunities and challenges for businesses, Viglacera always proactively applied the most advanced science and technology in production to bring valuable and high-quality products that are close to major brands in the region and around the world to the market. Along with that is the market development and customer service improvement. Customer satisfaction is a measure of Viglacera’s sustainable development.