On June 11, at the Headquarters of Viglacera Corporation – JSC, General Director Nguyen Anh Tuan and representatives of the Corporation’s Board of Directors welcomed Mr. Miguel Mejia – General Secretary of the United Left Wing Party (MIU), Minister of Regional Integration Policy of the Dominican Republic and the joint delegation of the Ministry of Construction – Ministry of Industry and Trade (Vietnam).

After the welcoming ceremony, the atmosphere was full of intimacy and sincerity. At the beginning of the meeting, General Director Nguyen Anh Tuan congratulated the cooperation between Vietnam and the Dominican Republic that has increasingly developed and expanded in many fields in recent times. The General Director also sent greetings and congratulations on the achievements of Dominican President – Mr. Luis Rodolfo Abinader Corona.

In his response, the General Secretary of the MIU Party thanked Viglacera leaders for the warm welcome. He also expressed the Dominican Government’s aspirations for extensive cooperation programs with Vietnamese enterprises, notably Viglacera. He and his Government greatly admire Viglacera’s strengths in producing construction materials, developing real estate projects and industrial parks. He also especially sent President Luis Abinader’s invitation to Viglacera Corporation about always being ready to welcome and create the best conditions to participate in investment and production development in your country – which has a favourable strategic location, while emphasizing the hope for deeper cooperation in developing the field of social housing, a field in which Viglacera has a lot of experience and achievements.

Viglacera General Director Nguyen Anh Tuan replied that Viglacera always wants to bring its construction materials to the world, especially the markets of Central American and Caribbean countries, of which Dominicana is a country with great potential.

Mr Miguel Mejía emphasized that if Viglacera Corporation invests in production in the Dominican Republic, it can also export goods to neighboring countries thanks to the good economic relations of the neighboring countries. Therefore, the General Secretary of the MIU Party hopes that the two sides will soon implement the content of cooperation to promote the appearance of Vietnamese enterprises in the Dominican Republic.

At the end of the meeting, the delegation visited the display of Viglacera’s latest construction materials products. Here, the General Secretary of the MIU Party Miguel Mejía was very impressed by the sophistication and class of these products. He once again reiterated his wish for the presence of construction materials and other construction investment products under the Viglacera brand in the Dominican Republic in the near future.

On May 29, 2024, in Hanoi, Viglacera Corporation – Joint Stock Company (VGC; HOSE) organized the 2024 Annual General Meeting of Shareholders (AGM) and approved the main contents of the Meeting.


Overview of the 2024 Annual General Meeting of Shareholders 2024

Profit before tax reached 132% of the plan

Accordingly, in 2023, the consolidated pre-tax profit of Viglacera Corporation – JSC was 1,602 billion VND, reaching 132% of the year plan. In particular, the parent company showed its leading role with net revenue of 5,337 billion VND, pre-tax profit of 1,911 billion VND, reaching 146% of the year plan, an increase of 201 billion VND compared to 2022. Finance of the parent company was operated, used and preserved capital effectively; growing in profit. The parent company’s return on total assets (ROA) was 10.7%; Return on equity (ROE) was 22.1%.


Mr. Tran Ngoc Anh, Member of the Board of Directors of the Corporation, presented the Report of the Board of Directors

Also in 2023, the Corporation’s export turnover was recorded to reach 46.3 million USD, increasing by 53%. The General Meeting of Shareholders approved a 22.5% cash dividend, 20% higher than the plan approved by the General Meeting of Shareholders.

In 2024, real estate continues to play a key role

At the Congress, Viglacera’s Board of Directors submitted to shareholders for approval the 2024 production and business plan with total consolidated revenue of 13,353 billion VND, slightly increasing compared to 2023 results and consolidated pre-tax profit of 1,110 billion VND. copper.

In the context of difficulties in the materials sector and the need to restructure production units in the direction of increasing labor productivity, reducing costs, Viglacera determines that real estate will continue to be a key segment in 2024 of the Corporation.

Accordingly, Viglacera will focus on exploiting Yen My, Phong Dien, Thuan Thanh, Tien Hai, Yen Phong 2C, Dong Mai, Yen Phong (Expansion Phase), Dong Van IV industrial park projects with a business target of approximately 173 hectares in 2024.

At the same time, conduct surveys and propose to prepare documents for investment policy approval and developer approval to deploy investment in new industrial parks in localities with advantageous infrastructure and locations, investment attraction and business capabilities..

The Corporation will also establish new legal entities and branches to implement projects such as Phu Ninh Industrial Park (400ha), Bac Son Industrial Park (200ha) in Phu Tho; Expanded Dong Mai Industrial Park (150ha) in Quang Ninh; Tran Yen Industrial Park (255 hectares) in Yen Bai; Tay Pho Yen Industrial Park (868ha), Song Cong 2 Industrial Park (296 ha) in Thai Nguyen; Industrial Park No. 1 (260 hectares) in Hung Yen; Doc Da Trang Industrial Park (288 hectares) in Khanh Hoa; industrial parks in Bac Ninh, Quang Ninh, Tuyen Quang, Lao Cai, Lang Son, Hung Yen…, industrial parks in the South and other locations.

In the field of social housing and worker housing, Viglacera will continue to invest in 50,000 social housing units (under the new development program of 1 million social housing units for the period 2023 – 2030) assigned by the Ministry of Construction at the “Conference to promote the development of social housing for workers and low-income people” organized by the Prime Minister in 2023.


Mr. Tran Manh Huu, Head of the Supervisory Board of the Corporation, presented the Report of the Supervisory Board

In addition, Viglacera plans to continue developing social housing areas in sync with the development of existing industrial parks, preparing to invest in new key projects in industrial parks of Dong Van IV, Phu Ha, Dong Mai, Yen Phong; Social housing in Kim Chung (CT3-CT4); continue to carry out investment preparations for social housing projects in Tien Hai Industrial Park (5.2ha), Phu Ha Industrial Park (8.4ha); continue to participate in the selection of investors for the Social Housing project in Tien Duong – Dong Anh.

The Corporation plans to continue to invest in commercial services in Dang Xa, Xuan Phuong (Hanoi), and Yen Phong (Bac Ninh) urban areas. At the same time, implement steps to prepare for investment in developing new industrial parks…; continue to implement the Van Hai luxury eco-tourism area project phase 1 (area of 35 hectares), thereby completing and putting into operation an international 5-star hotel, and at the same time implementing the initial steps of preparation investment for phase 2 with an area of 40 hectares.


Mr. Le Dong Thanh, member of the Equitization Steering Committee (Ministry of Construction), gave a directive speech at the Congress

One of the key tasks of this year is to continue implementing the preparation steps as well as procedures for the divestment of State capital at the Corporation according to the policies and directions of the Ministry of Construction; Decision No. 1479/QD-TTg dated November 29, 2022 of the Prime Minister.

In 2024, Viglacera is expected to continue paying dividends by cash at a rate of 20%


The Presidium conducted a discussion session with shareholders at the Congress

Also at the Congress, leaders of Viglacera Corporation – JSC informed a number of contents and areas of interest to shareholders such as: industrial real estate; estimated selling price, revenue, profit of social housing; construction materials segment, including super white glass, prospects for recovery of construction materials segment in the next 3 years; divestment plan…

Elect members of the Board of Directors and Supervisory Board

In the morning, General Meeting of Shareholders of Viglacera Corporation – JSC also elected the members of the Board of Directors and members of the Supervisory Board of the Corporation for the term 2024 – 2029.

Accordingly, the major shareholder, Gelex Infrastructure Joint Stock Company (a subsidiary of which Gelex holds nearly 97% of voting rights), nominated three candidates for the position of members of the Board of Directors including: Mr. Nguyen Van Tuan, Mr. Le Ba Tho, Mr. Nguyen Trong Hien and nominated two members of the Supervisory Board including: Mr. Tran Manh Huu, Ms. Nguyen Thi Tham.

The Ministry of Construction appointed two representatives of the State capital to serve as members of the Board of Directors, including: Mr. Tran Ngoc Anh, Member of the Board of Directors, Deputy General Director of the Corporation (managing 25% of capital) and Ms. Tran Thi Minh Loan, Member of the Board of Directors, Director of Finance and Accounting Department of the Corporation (managing 13.58% of capital).

The Congress approved 100% of the election of members of the Board of Directors: 5 members; Supervisory Board members: 3 members


Board of Directors of Viglacera Corporation – Joint Stock Company for the term 2024-2029 debuts at the Congress


Board of Supervisors of Viglacera Corporation – Joint Stock Company for the term 2024-2029 debuts at the Congress

The annual General Meeting of Shareholders of Viglacera Corporation – JSC unanimously approved the 2023 financial report (audited), profit distribution plan, 2023 dividend payment plan, production and investment plan targets in 2024 along with other important contents.

Other images at the Congres:








On the morning of May 6, 2024, Viglacera held a monthly meeting to assess preliminary production and business activities for April 2024 and to discuss the production and business plan and key tasks for May 2024.


Full view of the meeting

In April, Viglacera consolidated profit reached VND 29.2 billion. Accumulated profit in the first four months of the year is estimated to reach 31% of the annual plan, an increase of VND 143.5 billion compared to the same period in 2023.

Industrial Park (IP) real estate continues to be a bright spot

Total revenue from the real estate business segment in April is estimated to reach VND 267 billion, achieving 101% of the monthly plan. This demonstrates the stability and development potential of this field in Viglacera’s business strategy.

The direction from the Board of Directors and the Executive Board is to continue to focus resources and more vigorously implement land acquisition and clearance work, invest in IP infrastructure, ensure construction progress and meet market demand, and expand new land funds to enhance value.

At the same time, apply green and smart standards to the next IP projects with core objectives incorporated into the action plan.

Continue to focus on improving the efficiency of construction materials production

Recognizing the common difficulties of the real estate market, Viglacera has developed appropriate response strategies to maintain growth momentum and ensure business efficiency. Viglacera’s leadership has directed the business team to regularly monitor market developments, update customer needs to coordinate with factories to establish and adjust production and business plans accordingly; Strengthen coordination between production and business units to ensure the supply of goods, focus on promoting sales activities, and ensure operating cash flow.

In addition, Viglacera has implemented specific measures such as controlling costs and reducing production costs to optimize performance and profit. Focus on expanding the consumption market, especially in regions such as the Central and Southern regions in Vietnam. In a period of market difficulties, the Corporation’s leadership also directed the focus on internal management work to ensure flexible, effective business operations and compliance with legal regulations.

Also in April, Viglacera urged and supervised the implementation of the Annual Shareholders’ Meeting and Annual Conference of Employees of member companies and associates. On the basis of the key tasks set out, the Corporation will focus on implementing specific solutions for each field and prepare to organize the Corporation’s Annual General Meeting of Shareholders at the end of this May.

Hanoi, Vietnam – Morning of March 20, 2024 – The Vietbuild International Exhibition, the largest annual event in the construction and architecture industry in Vietnam, has officially opened. The exhibition takes place from March 20 to March 24 2024, at the National Exhibition Center for Planning and Architecture – No. 01 Do Duc Duc, Nam Tu Liem District, Hanoi. With the commitment to continuous development and innovation, Viglacera has brought to this exhibition a very special presentation of advanced green building material products…

Viglacera was honored to be visited by the Delegation of Vietbuild Organizing Committee, including leaders of the Ministry of Construction, the Ministry of Industry and Trade, the Vietnam Chamber of Commerce and Industry, and the Vietnam Building Materials Association to visit and inaugurate the booth. Mr. Nguyen Van Sinh – Deputy Minister of Construction spent a lot of time learning about new products in the Green Building Materials Display Area of Viglacera, which appeared for the first time at Vietbuild.


Delegation visiting Viglacera’s exhibition booth


Many modern building materials, manufactured according to green and smart criteria, have been of interest to delegates


Viglacera’s unique exhibition space and products with outstanding features at Vietbuild become the center of attraction for visitors, including many international visitors from Europe, Australia, Korea, etc…

Viglacera’s exhibition space at Vietbuild 2024 will recreate the Historical Journey from the First Steps to Today. The vivid “movie with artifacts” – made from Viglacera’s special products – clearly reflects the development of the building materials industry in Vietnam. In other words, it is a highly symbolic picture of the long history of the entire industry, but “packaged” within a limited exhibition space framework.

Sintered stones, Ultra Clear glass, AAC blocks, tiles and sanitary ware applied in the exhibition spaces, helping visitors experience the diversity of materials in practice. The typical products of Viglacera displayed here are all products that represent the pioneering role in the building materials industry, which are clearly classified but also seamlessly connected to tell the story of the 50-year history of construction and development of Viglacera through:

Space of origin of the 50-year journey: The historical area in Viglacera’s exhibition is an important part of the exhibition space. The stages of Appearance – Development – Flourishing of all technological revolutions at Viglacera are clearly presented. However, the traditional and modern atmosphere is designed and integrated, cleverly interwoven. This area is a unique “check-in” point, where every step of the visitor becomes a moment to keep memories and prove their presence at this meaningful exhibition.

Viglacera Since 1974″ is a space filled with the red color of construction ceramics, reminiscent of Viglacera’s decades-long journey associated with the clay brick and tile manufacturing industry. But also here, with products with high technology content, a completely new “face” of clay bricks and tiles has won the hearts of those who love traditional building materials but still require high standards of technical and artistic criteria.

Green building material product ecosystem zones: Viglacera is committed to developing green building material products to minimize environmental impact and bring benefits to society. Solutions include AAC Blocks, ALC Panels, Sintered Stone, Energy Saving Glass and Ultra Clear Glass… are being invested to promote export and promote sustainable development. Viglacera hopes to contribute to building a green living environment for the future, towards the Net Zero goal, while creating new opportunities for the Vietnamese building materials industry in the international market.


Viglacera’s products are always towards sustainable future development

Glass application demonstration spaces: In addition to the familiar Building Glass and Energy Saving Glass products, this year Viglacera also introduced a new glass product that also bears the pioneering mark – Ultra Clear Glass (also known as Super Clear Glass). Launched in late 2023, Ultra Clear Glass not only represents a new step in Viglacera’s glass technology, but is also the Corporation’s announcement of its official entry into the renewable energy sector. At Vietbuild Hanoi Exhibition, Super White Glass is applied to the maximum from partitions to other decor applications, creating a strong impression for visitors.

The 50-year history of construction and development of Viglacera is “written” on the surface of Ultra Clear Glass. With its super clear properties, the transmission of realistic and sharp images makes the historical division and the modern building materials division of Viglacera seem to be connected in a perfect, highly symbolic space.

Space showing the flexibility in the application of tiling in interior and exterior design: The Vietbuild 2024 space also gives great priority to the new product – Sintered Stone – a big step from the common tiling application to modern and magnificent interior architectural design solutions. When society increasingly emphasizes sustainability and environmental friendliness, the characteristics of sintered stone such as weather resistance, chemical resistance, easy cleaning and scratch resistance make this material an ideal choice for architectural works, from the lobby space, cabinets/kitchen tables to display cabinets, decor, bathrooms… Behind each sintered stone slab are creative and innovative recipes and profound technological innovations. Sintered stone with the impression created by the different large size, the sophisticated surface pattern has created a very unique booth, making any visitor want to step in and enjoy.

Diverse bathroom solutions: Visitors to this area will witness the spectacular innovation and quality improvement in each product, not only in the high-end segment such as the smart sanitary ware product set with an impressive new product launch, but also including product solutions for social housing, public area solutions with many significant improvements. In 2024, Viglacera continuously invests in technology to continue to reduce production costs, improve quality and long-term value for products with water saving, anti-fouling and sustainable accessorie.

Indeed, within the framework of Vietbuild 2024 exhibition in Hanoi, Viglacera not only brings a product display space, but also a place to tell the story of the Journey of half a century always aware of self-renewal. Viglacera is a complete symbol of the effort to invest, research, innovate and commit to developing green and sustainable building materials. We once again respectfully introduce the Story in pictures about the perseverance of creativity, the brave pioneering spirit and the constant commitment to following the business ethics of the leading enterprise in the building materials industry in Vietnam. Viglacera affirms its commitment to providing customers with comprehensive solutions, contributing to creating a modern, convenient and environmentally friendly life.

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