Directed by Vietnam Chamber of Commerce and Industry (VCCI), the Business Forum Newspaper in collaboration with the Enterprise Research and Development Institue, Vietnam Association of Accountants and Auditors (VAA) has announced the Top 100 enterprises in Vietnam achieved the best financial management index in the Vietnamese stock market 2018.

The program is deployed annually on the basis of survey and assessment of 21 financial criterias related to all aspects of production and business activities of enterprises listed on Vietnam stock market in 32 economic sectors, through the annual prospectus with a comprehensive assessment method, ensuring accurate and objective results.

Having participated in the stock market since July 2014, Viglacera Corporation – JSC has always been one of the enterprises which strictly implemented regulations, management process and periodic financial statements of HNX. The implementation of commitments with investors through the General Meeting of Shareholders as well as the results of business activities, production and financial performance indicators always comply with the principles of publicity, transparency and ensure maximum benefits of investors.

On the basis of detailed analysis and evaluation of financial indicators as well as efficiency in production and business activities over the past time, Viglacera Corporation – JSC has been ranked by the Business Performance Assessment programme in the Top 100 enterprises in Vietnam achieved the best financial management index in the Vietnamese stock market 2018 . This is important for Viglacera to understand its “health” situation, thereby overcome limit and deploy development solutions in the next stage. At the same time, through the results of assessing the capacity of enterprises, partners, credit institutions, investors, especially shareholders will also have a reliable database to make reasonable and effective investment decisions.

According to the plan, VGC will switch to operate on HOSE in early 2019 according to Viglacera’s commitment to investors. Besides, the plan to divest 53% of the State’s capital will also be conducted before the next shareholders’ meeting. Viglacera Corporation has been actively taking the initiative in corporate governance from production management to finance and accounting in order to develop the business in a sustainable manner and be ready for the transformation of the operational model after divesting all State capital in 2019.

This is an annual survey program to assess more than 5,000 businesses listed on 3 Vietnamese stock exchanges: UPCOM, HNX and HOSE. On the basis of a comprehensive assessment of criteria of financial capacity, business performance and the implementation of periodic reporting processes prescribed by the securities exchanges, the organizing committee selects the TOP enterprises with Best financial management capacity to honor and award certificates. The fact that Viglacera stands in the TOP 100 in 5,000 businesses is not only a confirmation of the prestige and position of the Corporation on Vietnam’s financial market in the current period, but also a basis for investors to continue trust in VGC in the future.

This is the 4th consecutive time the company has been named with the title “National Brand – Vietnam Value 2018”. This achievement continues to affirm the Corporation’s position – the leading enterprise in building materials and real estate industry in Vietnam and to continue to promote images and build a pretigous brand reputation in the world.

On December 20, 2018, “The awards ceremony of National Brand 2018” organized by the National Brand Council and Ministry of Industry and Trade took place in Hanoi. The program was broadcast live on VTV2 from Hanoi Opera House.

Before the ceremony was held, Mr. Nguyen Minh Tuan, a representative of Viglacera Corporation – JSC attended the meeting with the Prime Minister of the Socialist Republic of Vietnam Nguyen Xuan Phuc.

The Vietnam National Brand Programme approved by the Prime Minister in Decision No. 253/2003/QĐ-TTg dated November 25, 2003. This is the only programme of the Vietnamese Governement to promote national image and national brand through product brand (goods and services). The Ministry of Industry and Trade is the standing agency in charge of coordinating with the relevant ministries and agencies in implementing the programme. The logo entitled “Vietnam Value” is awarded to products that have its own brand and meet the specified criterias. National Brand – winning businesses are promoting the results to continue pursuing the program’s values of Quality – Innovation – Pioneer.

Deputy Prime Minister Trinh Dinh Dung and Minister of Industry and Trade Tran Tuan Anh handed the logo “National Brand 2018” to Deputy General Director Nguyen Minh Tuan – the representative of Viglacera Corporation – CTCP

Viglacera has many successful events in 2018 such as: Groundbreaking ceremony of Vimariel Economic Zone in Mariel Special Development Zone (ZEDM) – Cuba; Viglacera launches VIGLACERA Shop Online; Viglacera’s industrial parks have welcomed many leading enterprises of China, Taiwan, Hong Kong, Korea, Japan and Europe to explore and rent land with increasing number of visitors each day; Groundbreaking ceremony of social housing project in Kim Chung new urban area, Dong Anh, Hanoi; Viglacera My Xuan started Tunnel kiln; Participated in Fecons Cuba, Korea Build, Japan Build Tokyo and preparing for USA exhibition; Groundbreaking ceremony of Van Hai Ecological Tourism Project, Quan Lan – Quang Ninh… Besides, in 2018, Viglacera also focuses on researching, developing and applying advanced science and technology in production of many new and green products, such as: Viglacera energy-saving glass, autoclaved aerated concrete bricks and ALC panel…

Businesses, corporations are honored at the National Brand 2018 ceremony

In the context of deep integration into the global economy, free trade agreements (FTAs) that Vietnam has signed and are negotiating with international partners not only bring opportunities but also bring many challenges to Vietnamese businesses. Viglacera Corporation – JSC has implemented many solutions of cooperation, trade promotion and build good relations with partners and customers to expand the market and promote Viglacera brand image to all nations.

Viglacera Corporation – JSC has oriented quality in the domestic market to make a strong attack on foreign markets. The Corporation not only focuses on the green science and technology revolution in the building materials industry by investing, producing and improving the quality of environmentally friendly products, but also select the key and potential markets like Cuba, South Korea and Japan and invest in a selective way.

All results and great contributions to the building materials industry and to society have partly created the brand value of Viglacera. Currently, Viglacera products are being supplied and consumed in more than 40 countries and territories around the world. National Brand 2018 will be a motivation for Viglacera to continue to build and strongly develop the Vietnamese brand in the international arena.

Regional monthly minimum wage applied to labourers working under contracts in Vietnam will range from 2.92 million VND (125 USD) to 4.18 million VND (180 USD), depending on each region, as from January 2019.

The Government has issued Decree 157/2018/ND-CP regulating the regional monthly minimum wage for those working in businesses.

As of January 1 next year, regional minimum wage levels will be increased as follows: Region 1 – 4.18 million VND (180 USD), Region 2 – 3.71 million VND (160 USD), Region 3 – 3.25 million USD (140 USD) and Region 4 – 2.92 million USD (125 USD).

These numbers mark an increase of 160,000-200,000 VND (6.8-8.5 USD) compared with 2018.

Region 1 covers the rural and urban districts of Hanoi, HCM City, Hai Phong, Bien Hoa, Thu Dau Mot, Vung Tau city in Ba Ria-Vung Tau province and some rural districts of Dong Nai and Binh Duong provinces.

Region 2 includes the remaining rural districts of Hanoi, Hai Phong, Hai Duong and Hung Yen, and some rural districts of Hung Yen province.

Region 3 comprises the remaining provincial cities, Chi Linh town and some rural districts of Hai Duong and Vinh Phuc provinces. Meanwhile, Region 4 covers the remaining localities.

Source: VOV

On 28th November 2018, Viglacera Corporation – JSC organized the groundbreaking ceremony of ViMariel Economic Zone in Mariel Special Development Zone (ZEDM), Cuba. This is the first economic zone that Viglacera invested overseas. This event marked the determination to implement the Viglacera’s multinational business development strategy to expand the market outside the territory of Vietnam.

ViMariel Economic Zone prime geographic location and robust infrastructure promises to be an appealing destination for firms in manufacturing industries, including electronics, construction materials and food processing. This is, in part, due to enormous support from the Government of Cuba, which offers preferential policies to foreign investors.

Perspective of ViMariel Economic Zone in Mariel Special Development Zone (ZEDM), Cuba

The ceremony was attended by the Hon. Ramiro Valdés Menéndez – Cuban Vice President of the Councils of States and Ministers; Mr. Rodrigo Malmierca Díaz – Cuban Minister of Foreign Trade and Investment; Mr. Pham Hong Ha – Vietnamese Minister of Construction; and Mr. Nguyen Trung Thanh – Vietnamese Ambassador to Cuba, along with representatives of various other ministries, embassies, and businesses. Viglacera itself was represented by Mr. Luyen Cong Minh – Chairman of the Board of Management; and Mr. Nguyen Anh Tuan – General Director.

Addressing the event, Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz spoke highly of the project, highlighting that the construction coincides with the 36th meeting of the Vietnam – Cuba Intergovernmental Committee. He likewise expressed his confidence in the success of the strategic project, which was described as “special” in the two countries’ relations.

Minister of Construction Pham Hong Ha’s speech at the ceremony

Minister of Construction Pham Hong Ha affirmed that the long-standing ties between Vietnam and Cuba have laid a strong foundation for Viglacera to implement this project. He expected the project would meet the developmental needs of both nations.

In just 3 months since the establishment of ViMariel S.A. – a subsidiary of Viglacera in Cuba, the Government of Cuba, for the first time, officially granted ViMariel the license to build and manage an industrial park in Lot A of the Mariel Special Economic Development Zone.

ViMariel covers a total area of over 300 hectares. The first stage has been implemented on 156 hectares, of which 119 hectares (76%) is for factory construction. The project is equipped with international-standard infrastructure and seeks to provide the best services for foreign investors.

ViMariel Economic Zone possesses a number of special advantages, including the central location of Cuba in the Caribbean; the local deep-water sea ports; and the availability of La Habana only 45 km west of the market. Furthermore, the industrial park boasts the availability of high-skilled labors; a stable socio-political and legal environment; prompt project approval courtesy of a “one-stop” policy; and the up-to 20-year tax exemption policy.

Groundbreaking ceremony of ViMariel Economic Zone

Immediately following the groundbreaking ceremony, many foreign investors expressed their interest in the industrial park. A Portuguese company has already registered to become an investor there.

Mr. Tran Anh Tuan – Director of ViMariel and EnPromoulds – a Portuguese company signed one of the very first agreements of ViMariel Economic Zone

The inauguration of ViMariel in Cuba’s Special Economic Development Zone increases the number of industrial parks owned by the Corporation to 12, totaling over 3,500 hectares. The ViMariel project has affirmed Viglacera’s strategic move towards the global market as well as promoted Vietnam-Cuban economic ties to in accordance with the two nations’ long political relationship.

For enquiries, please contact: Viglacera Real Estate Company (Viglacera Land) -Telephone: (+53) 58878131 | Website: https://vimariel.com