On December 15, 2023, the People’s Committee of Quang Tri province held the Launching Ceremony of the Quang Tri Airport project, marking the official implementation of the project to complete the next piece of the puzzle in the province’s transportation network.


Delegates pressed the button to start the Quang Tri Airport project

The Quang Tri Airport (CHK) construction investment project was approved by the Prime Minister with a construction investment policy according to the public-private partnership (PPP) method in Decision No. 2148/QD-TTg dated December 20, 2021 with the goal of meeting the increasing demand for air transport, contributing to promoting political, economic and social development; at the same time, ensuring high mobility in defense, as well as in rescue work; ensure national defense – security of the Central region in general and of Quang Tri province in particular; in accordance with transportation development planning and orientation.


Perspective of Quang Tri airport

This is a key location in the Central region, connecting North-South traffic to National Highway 1 – Ho Chi Minh Road and North-South traffic to the East – West Economic Corridor axis through Highway 9 and Lao Bao international border gate, which is an important gateway to attract passengers to the Mekong sub-region into Central Vietnam.

The project has a scale of over 265 hectares with a total investment in 2 phases of 5,833.9 billion VND; invested and built to meet the CHK standard of level 4C (according to the standard code of the International Civil Aviation Organization – ICAO), capable of developing and operating Code E aircraft, allowing the operation of irregular international flights according to the planning in Decision No. 648/QD-TTg dated June 7, 2023 of the Prime Minister (when needed) and level II military airport, meeting the needs of operating up to 5 million passengers/year and 25,500 tons of goods/year.

Source: https://cafef.vn/

Recently, Viglacera Corporation – JSC, was honored to receive this title and ranked among “100 Best Workplaces in Vietnam in 2023” and “Top 500 Best Employers in Vietnam in 2023”, based on the survey conducted by Anphabe Company. This is an annual ranking of working environment, sponsored by the Vietnam Chamber of Commerce and Industry (VCCI). The model and evaluation method were verified by Intage Vietnam.

Recognized for nearly 50 years of growth and innovation, with the established strategy, firm progress and bold steps, Viglacera Corporation – JSC, has been growing, and affirmed its pioneering role in the field of building materials production and real estate investment, and quickly established its position, credibility and impressive value.

Viglacera Corporation – JSC has gradually affirmed the leading role and position of first-class enterprises in Vietnam’s building materials industry. Products with Viglacera brand are always defined by high-level market because of their leading consumption orientation and excellent product quality.

With the goal to optimize natural resources, limit the impact of production on the environment to the maximum extent, and establish a “green life” for social communities, Viglacera believes that developing green building materials and green projects is an important part of the long-term sustainable development strategy.

Not only has it achieved many successes in the field of building materials, but Viglacera continues to leave an “impressive” mark in the real estate field of industrial parks, opening up the right path and developing vigorously, making great contributions to the success of Viglacera. Simultaneously, Viglacera also developed urban and housing complexes. Moreover, Viglacera has become a pioneer enterprise in social housing development, contributing to the implementation of the national housing development strategy.

Aiming for being the best workplace in Vietnam and one of the top 500 employers in Vietnam, Viglacera has been committed to establishing a working environment in which employees can give full play to their potential with dedicated leaders and consolidate the core values cultivated over the years. The award is a recognition of the past contributions and efforts of the leaders and employees of Viglacera.

Viglacera is known as the “second hometown” for employees, where there is solidarity and mutual support for who have growth mindset and eager to learn from colleagues, where every member consciously establishes a harmonious atmosphere between people by respecting differences.

Viglacera’s labor principle is to value ability and efficiency, talent and virtue, which effectively creates a driving force for enterprise development. It can be said that people have always been the most concerned factor of Viglacera leaders.

In addition, Viglacera also takes full care of the physical and mental wellbeing of employees, through wage policy, rewards, cultural, entertainment, sports activities, delicious and nutritious meals. Besides, many member companies of Viglacera also build houses to provide accommodation for workers.

As a result of the cultural foundation, Viglacera has a greater competitive advantage, attracting talents to stick with enterprises, creating a unique identity of Viglacera brand, thus creating sustainable development resources for enterprises, being a tool to implement the production strategy of enterprises and creating sustainable stability for enterprises.

Therefore, Viglacera has overcome several difficulties, challenges of severe markets from the subsidy era to the market economy era, integrated into the international economy, and standing a new height, becoming more solid, more dynamic and more innovative.

On the occasion of celebrating its 50th anniversary, up to now, Viglacera Corporation – JSC has been continuously strived to develop and create a “miracle” bearing the mark of Viglacera in the advantageous fields of building materials to real estate, affirming that a powerful Vietnamese brand is developing on the international arena, entitled in the “Top 10 leading brands”, “Top 500 largest enterprises” and “Top 10 best industrial real estate developers in Vietnam”, being a National brand and granted Asia-Pacific International Quality Award…

Viglacera Corporation (HoSE: VGC) recently announced its financial results for Q3 2023 and the first 9 months of the year.

According to the report, the company’s consolidated revenue in Q3 2023 increased 8% YoY to VND 3,471 billion, while consolidated pre-tax profit increased 83% YoY to VND 564 billion.

For the first 9 months of 2023, consolidated revenue reached VND 10,173 billion, while consolidated pre-tax profit reached VND 1,588 billion, with a pre-tax profit margin of 15.6%.

As a result, the company’s consolidated pre-tax profit for the first 9 months of the year exceeded the target by 131%, while consolidated pre-tax profit for the parent company exceeded the target by 129%.

In terms of financial performance, as of September 30, 2023, Viglacera’s total assets were equivalent to USD 1 billion. The company’s return on total assets and return on equity were 5.2% and 12.7%, respectively. The company’s financial ratios were all in a safe range, with all liquidity ratios above 1.

Viglacera also paid an interim dividend of 10% of its registered capital on October 24, 2023.

The Q3 2023 report also showed that the real estate industry is a key contributor to the company’s overall profit.


Amkor factory with the largest scale globally at Viglacera’s Yen Phong 2C Industrial Park

In the real estate sector, rising FDI inflows and increasing demand for industrial land from foreign-invested enterprises have led to higher rental rates and land lease demand. In addition, the recent upgrade of the Vietnam-US relationship to a comprehensive strategic partnership is expected to create significant opportunities for real estate developers with large land banks and strategic locations, such as Viglacera.

To seize these opportunities, Viglacera is continuing to focus on land acquisition and infrastructure construction, sales promotion at residential and industrial projects, and the development of new industrial and residential projects. These efforts are aimed at staying ahead of the curve, increasing competitiveness, and attracting investors, which will ultimately create long-term value for Viglacera.

In the materials industry, Viglacera is also investing in green, environmentally friendly products. In September 2023, the company inaugurated a new line for producing sintered stone with a total investment of VND 1.2 trillion. The line has produced the largest sintered stone panel in Vietnam, measuring 1.62 meters by 3.31 meters. This is a significant milestone for Viglacera, as it demonstrates the company’s commitment to leading the Vietnamese materials industry in the adoption of advanced technologies.


Viglacera booth at Cersaie exhibition (Italy), September 2023

For the coming period, Viglacera will focus on improving operational efficiency, reducing production costs, and balancing production and sales in the materials industry. The company will also continue to expand its market presence and introduce new high-value products, such as sintered stone and ultra-white glass.

Export sales have also been a bright spot for Viglacera, with export revenue for the first 9 months of the year reaching USD 33.6 million, an increase of 151% YoY. The company’s ceramic tiles, building glass, and sanitary ware products all recorded growth in export sales during this period.

Viglacera’s products are currently exported to over 40 countries and territories around the world. The company is committed to using advanced production technologies and recycling capabilities to reduce carbon emissions and help achieve net-zero emissions by 2050.

In spite of the challenging economic environment and the slow recovery of the materials industry, Viglacera’s performance is a testament to the company’s commitment to continuous improvement.

To achieve these results, Viglacera has implemented effective business strategies, closely monitored market trends, managed risks, and proactively planned production to improve operational efficiency. This is a testament to the company’s growth potential in both its real estate and materials industries.

Viglacera’s 50 year marks

Viglacera was established in Vietnam in 1974. The enterprise currently has 40 member units, specializing in construction materials manufacturing, real estate investment and exploiting industrial parks. The company representative said that from the early days, the company pursued the goal of contributing to building and promoting the country’s development process. After nearly 50 years of accompanying the ups and downs of the economy, the company has made its mark in the construction materials and real estate industries with many products that meet international standards.


50 years of constant innovation

Applying advanced technology lines and focusing on producing “Green” materials help Viglacera increase domestic value, gradually transforming into an international supplier after five decades.

Company leaders said that Viglacera operates with the motto “breaking all limits”, thereby constantly transforming itself to contribute to economic development over the past 50 years.

Starting from a company specializing in the production of tiles and porcelain, the enterprise now has many products that create prestige in the domestic and international markets such as construction glass, tiles, sanitary equipment, panels, aerated concrete bricks, sintered stone… “This is a pride for enterprise leaders as well as staff, investors, and partners,” the brand representative emphasized.

On a journey of nearly half a century, Viglacera is also one of the enterprises that deployed the first concentrated industrial park in Vietnam, creating jobs for thousands of workers. Currently, the company’s 12 industrial zones are still operating well. Of which there are 11 zones in Vietnam and one zone located in Cuba, overcoming the obstacles and challenges of the Covid-19 period.

“Through many ups and downs, Viglacera plays a role in the socio-economic development of localities. Business and investment activities not only bring benefits to the enterprise but also help partners, customers and local people develop sustainably”.

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