Foreign investment is strongly attracted

According to the report of Savills, Viet Nam is one of the fastest developing industrial markets regionally. The country has greatly competitive position to receive the flow of foreign investors, such as Apple’s manufacturers recently have raised their concerns over moving to Vietnam avoiding $200 billion tariff on goods produced in China.

In 2018, Vietnam remains emerging as the next Asian manufacturing centre. During the first half of the year, Vietnam received 1,366 newly registered projects with a total investment capital of 11.8 billion USD. In particular, the manufacturing and processing sector attracted 477 new projects, accounting for 39% of the total registered foreign directed investment (FDI), reaching 7.9 billion USD, increased by 12.7% over the same period of last year. The total FDI of Japan in Vietnam accounted for 32% with 6.4 billion USD, followed by South Korea with 5 billion USD and Singapore with 2.3 billion USD.

The Vietnam Industrial Real Estate market has been drawing attention of foreign investors. Image: Tien Son Industrial Park

In addition, during the same period of first half of 2018, the Vietnam’s Purchasing Managers’ Index (PMI) had climbed to its peak since the first half of 2011, reaching 55.7 points which exceeded the expansion standard of 50 points. Increased output led to the dramatic number of additional recruitment from companies in June. Accordingly, the surge of new enterprises has also resulted in manufacturing growth in the next year. The Vietnam’s Index of Industrial Production (IIP) was 12.3% in June, 2018, increasing 10.5% year over year (YoY).

Savill has pointed out factors contributing to the promotion of Vietnam’s competitiveness capacity which include: the low labor costs, reasonable land rental charges, preferential tax rate, the participation in trade agreements, the proactive labor force as well as the convenient geological approach to natural resources and target market.

Industrial Real Estate: demand exceeds supply

As estimated by the Ministry of Planning and Investment, Vietnam has 325 industrial zones (IZ) with the total area of 95,000 hectares, occupancy rate reaching 53% at the end of June, 2018. In particular, 231 IZs have been putting into operation, while 94 IZs are constructing infrastructure or compensating for land clearance. The demand for industrial real estate has been exceeding the supply of well-performed IZs with the total occupancy rate of 73%. Additionally, Vietnam has owned 17 coastal IZs with the total provided area of 845,000 hectares.

According to Savills, Vietnam industry has been considerably attracting foreign investment during the first half of 2018. The current supply of industrial property provides advantages for manufacture. Also, large scale industrial real estate deals have consolidated the believes of investor.

‘The government needs to promote the investment in core infrastructure and multimodal transport system to reduce the costs of logistics and respond to higher valued projects in the future. The government also needs to pay more attention on simplifying superfluous administrative and customs procedures as well to improve the connection among economic areas’, suggested Savills.

Source: CafeF

On October 23rd, 2018, Deputy Minister of Foreign Trade and Investment of Cuba – Antonio Carricarte Corona and Cuban Ambassador to Vietnam Lianys Torres Rivera paid a working visit to the head office of Viglacera Corporation – JSC at No.1 Thang Long Avenue, Hanoi.

Deputy Minister of Foreign Trade and Investment of Cuba – Antonio Carricarte Corona and Cuban Ambassador to Vietnam Lianys Torres Rivera with representatives of Cuban trade corporations visited the Viglacera traditional house.

On arrival at Viglacera Corporation, Deputy Minister of Foreign Trade and Investment of Cuba and Cuban Ambassador to Vietnam visited Viglacera’s traditional house. They were impressed with the space, light, artifacts and images that were designed, displayed skillfully to reflect the building materials history as well as the areas of operation and development of Viglacera.

Deputy Minister Antonio Carricarte Corona was particularly interested in Viglacera’s development orientation

Mr. Nguyen Anh Tuan – General Director of Viglacra Corporation JSC has shared many information on issues related to some key projects that Viglacera is deploying in Cuba. General Director expressed his wish that the Ambassador and Deputy Minister of Construction of Cuba continued to support and create conditions for Viglacera and its partners to accelerate the procedures to ensure the progress and quality of the projects.

Overview of a meeting

Currently, Viglacera Corporation has established ViMariel SA company operating in the field of industrial development in the Mariel Special Zone and Sanvig Joint Venture between Viglacera Corporation and Prodimat Company of the Cuban Building Materials Group (Geicon) investing in sanitary wares and ceramic tiles production. Viglacera is promoting its work with its partners, government agencies and the Cuban Government to launch projects in Cuba. In particular, Viglacera is focusing on the preparation of the industrial zone in Mariel in November 2018.

Deputy Minister Antonio Carricarte Corona and Cuban Ambassador to Vietnam Lianys Torres Rivera said thank for the warm welcome of Viglacera Corporatio and congratulated the Corporation for its progress in all aspects.

Deputy Minister of Foreign Trade and Investment of Cuba – Antonio Carricarte Corona shared his comments on Viglacera Corporation – JSC

Deputy Minister of Foreign Trade and Investment of Cuba and Cuban Ambassador to Vietnam affirmed that they would support enterprises like Viglacera Corporation in order to achieve good results in Cuba, contributing to the economic development of both Vietnam and Cuba in the coming time.

The working visit of Deputy Minister of Foreign Trade and Investment of Cuba – Antonio Carricarte Corona, Cuban Ambassador to Vietnam and representatives of Cuban trade corporations at the head office of Viglacera Corporation JSC contributed to tightening the good relationship between Viglacera and Cuban state and businesses. This is the foundation for the successful cooperation of the parties in the near future.

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.