On 16th January 2019, in Ho Chi Minh city, Viglacera corporation – JSC had honor to be listed in top 500 biggest enterprises in Vietnam in 2018. This result is based on the analysis and independent evaluation of Vietnam Report.

Viglacera corporation – JSC ranks the first among top 500 biggest enterprises in Vietnam ‘s building materials market in 2018. This achievement not only confirms the advanced position of Viglacera among Vietnamese business community with large business scale and high revenue but also is a result deserved with all effort of the whole corporation in innovating, applying “green” technology, improving business activities in a professional and sustainable way.

Viglecera Corporation – JSC ranks top 500 biggest enterprises in Vietnam ‘s building materials market

2018 is evaluated as a successful year to Viglacera corporation – JSP in all operating fields, especially in the field of manufacturing and trading building materials: The solution of converting to manufacture 100% Viglacera terracotta got the exclusive certificate of useful solution; The national scientific project went into production in Viglacera AAC factory; The Viglacera My Xuan Sanity Ware started operating and increased the capacity of the whole Sanity Ware division of the corporation to 2 million products per year; Viglacera invested in Super white float glass factory with productivity of 600 tons per day to meet the demand of manufacturing solar battery.

Besides, Viglacera also pays high attention on investment projects in Real Estate field: Viglacera activated the strategy of investment in foreign countries by the Vimariel – Cuba special economic zone project; Viglacera is delegated from Prime Minister 2 new industrial zone projects: Yen Phong II-C (Bac Ninh) and Yen My (Hung Yen) to invest on construction and infrastructure; Viglacera marked a new turning point in real estate development strategy with the project of luxury ecotourism area in Van Hai – Quan Lan, Quang Ninh. Moreover, Viglacera also concentrates on investment in constructing worker housing, social housing to increase the value of infrastructure and services for industrial zones etc. Due to all of those activities, the reputation and brand position of Viglacera is more and more recognized.

The fact that Viglacera continues to maintain the brand and ranks highly in VNR500 chart shows the main and pioneer role of Viglacera corporation – JSP in building materials manufacturing & trading and real estate investment in Vietnam and confirms the achievement, effort and devotion of Viglacera for the national economic-social development.

In the chart of top 500 biggest enterprises in Vietnam in 2019, Viglacera ranks 128th and ranks 1st among top biggest enterprises in building materials industry. The VNR chart is established based on the analysis and independent evaluation of Vietnam Report.

The criteria are actual revenue, total capital, total employees, profit after tax and others such as ROA, ROE, reputation, etc. Enterprises don’t have to submit any fee to be listed in the VNR500 chart.

Meeting with Prime Minister Nguyen Xuan Phuc in the afternoon of October 30th, on the occasion of his visit to Vietnam, Mr. Lee Jae Yong, Vice President of Samsung Group affirmed that the Group would invest in Vietnam for a long-term and expand operations in this country.

According to the Government’s Web Portal, in the evening of October 30, Prime Minister Nguyen Xuan Phuc received Mr. Lee Jae Yong, Vice President of Samsung Group who was paying a business visit to Vietnam, he proposed Samsung Group to continue to expand its scale of operations in Vietnam, not only be “the largest global production base in Vietnam”, but also towards “the largest global strategic base in Vietnam”.

Prime Minister Nguyen Xuan Phuc received Vice President of Samsung Group Lee Jae Yong.

He added, in addition to assembly lines, production of electronic products, Samsung should expand its investment in important manufacturing industries that the Group has competitive advantages, such as research – development of semiconductor, infrastructure, energy, etc.

The Prime Minister also asked Samsung to deploy the Samsung Research and Development (R&D) Center Project as committed, with an aim to promoting R&D activity in Vietnam; continue providing practical support on training and technology transfer in order to facilitate the development of Vietnamese supporting industry enterprises.

Highly valued the investment activities of Samsung in Vietnam with more than 17 billion USD of invested capital, creating jobs for more than 160,000 people and bringing export turnover of 54 billion USD in 2017, Prime Minister said that besides Samsung’s determination and efforts, Vietnam’s ministries, branches and localities have created favorable conditions for Samsung to invest successfully in Vietnam over the past few years.

The Prime Minister affirmed the Government of Vietnam would continue to support Samsung to be more successful in Vietnam. In response, Samsung Group Vice President Lee Jae Yong expressed his gratitude for the attention of the Government and the Prime Minister for the Group’s activities in Vietnam, especially in promptly removing problems and difficulties for the Group.

“Samsung has invested in many countries, but not many countries have listened to and actively resolved business recommendations like Vietnam,” said Mr. Lee Jae Yong. Appraising the robust economic growth of Vietnam over the past time, Mr. Lee Jae Yong confirmed Samsung would extend its investment and broaden its operations in Vietnam.

He added, developing supporting industries and increasing the localization rate in Vietnam would not only be the expectation of Vietnam’s Government but also of Samsung. Samsung, at the moment, has been both focusing on production and promoting R&D in Vietnam; as well as trying to cooperate more with Vietnamese enterprises in supplying accessories and human resources, etc.
The vice president of Samsung also said that after returning to South Korea, he would hold a meeting with the participation of the Group’s officials to consider the investment potentials in other sectors and fields in Vietnam as suggested by the Prime Minister.

Source: baodautu.vn

The National Assembly approved the Resolution on ratifying CPTPP Agreement and related documents on November 12th, 2018. Accordingly, the Agreement will come into force for Vietnam from January 14th, 2019.

On March 8th, 2018, Vietnam and other 10 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Singapore officially signed the Comprehensive and Progressive Agreement for Trans – Pacific Partnership (CPTPP) in San Diego, Chile.

CPTPP aims to liberalise trade and investment in 11 member countries

By December 30th, 2018, the CPTPP Agreement was officially in force for the first six countries completing the procedure for ratifying the Agreement including Mexico, Japan, Singapore, New Zealand, Canada and Australia.

For Vietnam, the National Assembly passed the Resolution on ratification of the CPTPP Agreement and related documents on November 12th, 2018. Accordingly, the Agreement will come into force for Vietnam from 14th January, 2019.

With comprehensive commitments, high standards and balances, the CPTPP Agreement will help strengthen the mutually beneficial link between member economies and boost trade, investment and economic growth in Asia – Pacific region.

The CPTPP Agreement consists of 7 Articles and 1 Annex that regulates the relationship within the Trans-Pacific Partnership Agreement (TPP) which was signed by 12 countries including Australia, Brunei, Canada, Chile, the United States, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam on February 6th, 2016 in New Zealand as well as deals with other issues related to validity, withdrawal or accession to the CPTPP Agreement.

Basically, the CPTPP Agreement keeps the contents of the TPP Agreement (including 30 chapters and 9 appendices) but allow member countries to postpone 20 groups of obligations to ensure the balance of rights and obligations of members in the context of the US withdrawal from the TPP Agreement.

These 20 groups of suspension obligations include 11 obligations related to the Intellectual Property Chapter, 2 obligations relating to the Government Procurement Chapter and the remaining 7 obligations related to 7 chapters of Customs Management and Trade, Investment, Trade in cross-border services Facilitation, Financial Services, Telecommunications, Environment, Transparency and Anti-Corruption. However, all commitments on market openness in the TPP Agreement remain in the CPTPP Agreement.

According to experts, opportunities and challenges from CPTPP depend greatly on Vietnam’s ability to grasp opportunities and overcome challenges.

Previously, speaking at the National Assembly about this Agreement, Deputy Prime Minister Pham Binh Minh said that participating in CPTPP in general was beneficial for Vietnam.

According to official research results of Ministry of Planning and Investment conducted in September 2017, CPTPP could help Vietnam’s GDP and exports increase by 1.32% and 4.04% respectively by 2035. The total import turnover may also increase by 3.8%, lower than the rate of export growth, so overall impact on the trade balance is favorable.

In addition, having FTA relations with other CPTPP countries will help Vietnam restructure export and import markets in a more balanced way, thereby helping Vietnam to improve the autonomy of the economy.

In addition, it will help Vietnam have the opportunity to participate in the supply chain formed after the CPTPP takes effect and is an important condition to improve the level of economic development, from which Vietnam can participate in production stages with higher added value.

The Government also recognized that such participation is an opportunity for Vietnam to continue to upgrade the institution of economic law including a socialist-oriented market economy institution, to support the process of growth model innovation and economic growth restructuring.

At the same time, it will help Vietnam to have more opportunities to improve its business environment in a more open, transparent and easily predictable way to approach advanced international standards, thereby promoting both domestic and foreign investment.

Socially, participating in CPTPP will create more jobs, increase income and contribute to poverty reduction.

It is known that the countries participating in CPTPP have a total GDP of 10.2 trillion USD, accounting for more than 13% of the global GDP. The total population is 495 million, accounting for 6.8% of the world population.

Source: VnEconomy

On September 1st, 2018, Hai Phong – Ha Long Expressway officially opened. Then, on December 30th, 2018, three other projects were inaugurated at the same time: Van Don International Airport, Ha Long – Van Don Highway and Ha Long International Passenger Port. Thanks to increasingly convenient traffic, Quang Ninh province and Dong Mai Industrial Park (Quang Ninh) are expected to become potential investment destinations in the Northern market.

Hai Phong – Ha Long – Van Don expressway plays a vital role in fully making Hanoi – Hai Phong – Quang Ninh economic triangle connection possible, helping to increase the flow of goods transported from Quang Ninh to other provinces in the North and vice versa.

Directly connecting with Hai Phong – Ha Long – Van Don expressway, Dong Mai Industrial Park (Quang Yen, Quang Ninh) is only 12km from the highway. After completion, the new road has shortened the distance from Hanoi to the Industrial Park from 160km down to 107km, the time for traveling reducing from 3 hours to 1.5 hours.

QL. 18 intersection is 12 km from Industrial Park connecting Dong Mai Industrial Park with Hanoi – Hai Phong highway.

At the same time, the distance from the Industrial Park to Hai Phong port is also reduced by two thirds (from 75km to 27km) and takes 15 minutes, making the exchange of goods from Quang Ninh province in general and Dong Mai Industrial Park in particular to the other countries via sea become more convenient. In addition, Van Don International Airport with first commercial flights will expand air cargo transport for enterprises in the area.

Location of Dong Mai Industrial Park (Quang Yen, Quang Ninh)

According to the report on provincial competitiveness index 2018 (PCI) recently launched by Vietnam Chamber of Commerce and Industry (VCCI), Quang Ninh province continues to hold the top position. With this recognized advantage, Dong Mai Industrial Park has the potential to attract more foreign investment in the future.

Currently, Dong Mai Industrial Park has Yazaki Corporation – Japan’s largest corporation in manufacturing electric wires in cars for the world’s leading auto companies which came into operation in 2013. In 2016, Vietnam Vega Balls Company under Yuan Chi Group (Taiwan) – Top 5 leading basketball producers in the world became interested in renting land. In the first quarter of 2019, after the transportation system has been fully connected, Dong Mai Industrial Park welcomed two more enterprises specializing in manufacturing and assembling electronic components for TCL Group with an investment of estimated capital as much as $USD 30 million.

Invested up to $USA 30 million by Viglacera Corporation, Dong Mai Industrial Park has the scale of 160 ha with synchronous infrastructure system. The park had a 110/22KV power source supplied from the national grid, water supply station with capacity of 6,500 m3 per day and night, rainwater and waste water drainage system separately built, public sewage treatment plant with the capacity of 4,800 m3 per day and night. In addition, investors are supported with: customs services, banks, hospitals, post offices, and especially Dong Mai urban area with an area of 9.1ha which is ready to provide accommodation for workers, if needed, right in the industrial park.

The industrial park has clean land, competitive rent cost, and get ready to welcome businesses to build factories right away.

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