According to the Ministry of Planning and Investment, as of February 20, 2023, the total foreign direct investment (FDI) registered in Vietnam including newly registered capital, adjusted registered capital and the value of capital contribution and share purchase by foreign investors reached US$3.1 billion, down 38% over the same period last year.

Structure of foreign investment capital in the first 2 months of 2023 compared to the same period in 2022

Of which, 261 new projects were granted Investment Registration Certificates (increasing by 42.6% over the same period), the total registered capital reached more than 1.76 billion USD (up nearly 2.8 times over the same period); There were 133 projects registered to adjust investment capital (down 6.3% over the same period), the total additional registered capital reached nearly 535.4 million USD (down 85.1% over the same period); There were 440 times of buying capital contribution by foreign investors (up 10% over the same period), the total value of contributed capital reached nearly 797.9 million USD (up 3.7% over the same period).

Regarding investment in commodity sectors, foreign investors invested in 17 sectors out of 21 national economic sectors; in which, the processing and manufacturing industry led the way with a total investment of nearly 2.17 billion USD, accounting for 70.1% of the total registered investment capital, followed by the real estate business with the total investment capital of nearly 396.9 million USD, accounting for more than 12.8% of total registered investment capital; wholesale and retail industries with a total investment of nearly 202.1 million USD, transportation and warehousing with a total registered capital of nearly 141.9 million USD.

10 provinces attracting the most FDI in Vietnam in February 2022

Regarding investment in localities, foreign investors invested in 39 provinces and cities across the country in February 2023. Bac Giang took the lead with a total registered investment capital of more than 824.3 million USD, accounting for more than 26.6% of the total registered investment capital and increasing by more than 8.4 times over the same period in 2022. Ho Chi Minh City ranked second with more than 103 new projects and a total registered investment capital of more than 369, 1 million USD, accounting for more than 11.9% of the total investment capital of the country. Following were the localities of Binh Duong, Quang Ninh, Dong Nai, Hai Phong, Bac Ninh, Ba Ria – Vung Tau, Hung Yen and Tay Ninh. Tay Ninh ranked at the bottom of the Top 10 list with a total foreign investment capital of 81.13 million USD. In particular, while in January 2023, Quang Ninh ranked only 13/53 in terms of FDI attraction, in February 2023, this locality jumped 9 places, surpassing Bac Ninh and Dong Nai to enter the top 4 localities attracting the highest FDI in the country in the first 2 months of the year. The reason is that within a month, this locality had 2 more newly registered projects, bringing the total newly granted capital from 12.84 million USD in January 2023 to 331.84 million USD in February 2023. Since then, the total newly registered capital, adjusted and contributed capital to buy shares, buy capital contribution of foreign investors reached about 332.2 million USD as of February 20, 2023.

Source: https://investvietnam.gov.vn/

On the morning of March 10 in Hanoi, Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022 in the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023. The event was organized by Vietnam Real Estate Electronic Magazine (Reatimes) and Vietnam Real Estate Research Institute (VIRES), under the direction and sponsorship of the Vietnam Real Estate Association.

Accordingly, the 3rd Spring Real Estate Forum and the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023 are annual activities held to provide comments and analyses on the overall picture, forecasts on trends, prospects, and investment opportunities in Vietnam’s real estate market in the coming period; identify obstacles and difficulties that need to be overcome as well as finding solutions to help enterprises adapt flexibly to the current context. At the same time, the Honor Ceremony recognizes and honors the steadfast spirit and development strategies that adapt to the new circumstances of Vietnamese real estate enterprises, professional brands that have many contributions, lead the real estate market, and have quality and reputable products in the real estate market in 2022 – 2023.

Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022. This is the second consecutive year Viglacera has won this award.

2022 is a tumultuous year for the world economy and Vietnam, influenced by many factors, including the possibility of a global economic recession; China market has reopened but with slow growth; the international monetary and financial markets are relatively unstable. However, up to now, Viglacera still affirms its solid position in the field of industrial real estate, when attracting more than 16 billion USD of FDI capital from 300 domestic and foreign enterprises, including reputable companies in the world such as Samsung Electronics, Samsung Display, Amkor, Hyosung, Orion, Lock & Lock, BYD, Iljin Diamond, Foxconn, etc.

Ms. Nguyen Thi Thu Huong – Deputy Director of Viglacera Real Estate Company, representative of Viglacera Corporation – JSC was honored to receive this award.

Currently, Viglacera is a leading enterprise in Vietnam in investment and development of industrial park (IP) infrastructure with more than 20 years of experience.

There are 12 industrial park projects with a scale of more than 4,000 hectares, including 11 industrial parks in Vietnam, and 1 economic zone (EZ) in Cuba, including Yen Phong IP, Yen Phong II-C IP, Tien Son IP, Thuan Thanh I IP (Bac Ninh); Phu Ha IP (Phu Tho); Hai Yen IP, Dong Mai IP (Quang Ninh); Tien Hai IP (Thai Binh), Dong Van IV IP (Ha Nam), Phong Dien IP (Thua Thien – Hue), Yen My IP (Hung Yen) and ViMariel EZ (Cuba).

Thanks to the advantage of owning an abundant supply of industrial land located in many provinces, Viglacera’s IPs offer investors a variety of choices, meeting the needs of all enterprises. Industrial parks have clean land as well as complete, synchronous, and modern infrastructure, meeting the land needs for the industrial production of domestic and foreign enterprises.

In the coming time, Viglacera Corporation – Joint Stock Company will continue to orient to become a multinational enterprise, operating in two core fields: Manufacturing and trading synchronous environmentally-friendly top-quality construction materials; Investing in multi-field real estate business, prioritizing the infrastructure development of industrial parks, urban areas and houses with maximum utilities for customers..

From February 22-26, 2023, a high-level delegation of the United Left Movement Party (MIU), led by General Secretary Miguel Mejia, Minister of Regional Integration Policy of the Dominican Republic visited and worked at Viglacera Corporation – JSC.

Attending the working session on February 22, 2023, at the headquarters of Viglacera Corporation, on the Dominican Republic side, there were General Secretary of the United Left Movement Party – Mr. Miguel Mejia and the high-level delegation. Welcoming the high-level delegation of the Dominican Republic, there were Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation, and the Corporation’s leadership.

At the meeting, Mr. Nguyen Anh Tuan – General Director of Viglacera Corporation shared about the scale of operation as well as the strengths of building materials and real estate development, especially industrial real estate inVietnam and Viglacera’s experiences of overcoming difficulties through times.

Mr. Miguel Mejia highly appreciated the development of Viglacera in recent years. In the context that the economies of countries around the world are affected by the crisis after the Covid-19 pandemic, Viglacera is a bright spot in terms of development. Dominicana large enterprises traveling with the delegation should refer to Viglacera’s model, experience in implementation and corporate governance.

With a long-term association and based on trust, determination, and sustainable development orientation, Mr. Miguel Mejia invited Viglacera to participate in survey, assessment and investment in Dominicana as soon as possible.

Mr. Nguyen Anh Tuan – General Director of Viglacera emphasized: “In the coming time, the Corporation will send a survey team to prepare investment plans and feasibility study reports on investment projects to invest in building material manufacturing plants and industrial parks in Dominicana”.

Thus, Dominica will be Viglacera’s second foreign investment destination after Cuba.

In the coming time, with the attention of senior leaders of the Dominican Republic, Mr. Tuan expressed his expectation that there will be good cooperation between the two countries, especially enterprises of Dominicana and Vietnam in economic trade and investment development.

Within the framework of this visit, in order to learn more deeply and intuitively about Viglacera’s production and business activities, the high-level delegation of the Dominican Republic visited factories in the field of ceramic tiles, sanitary ware and ceramics as well as Viglacera’s Industrial Parks.

In particular, on the National Day of the Dominican Republic February 27, 1844 – February 27, 2023, Mr. Nguyen Van Tuan – Chairman of the Board of Directors of Viglacera Corporation, together with leaders of Viglacera Corporation attended the first flag raising ceremony at the Embassy and the 179th Anniversary of the Independence Day of the Dominican Republic.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors of Viglacera Corporation took a photo with Ambassador Extraordinary and Plenipotentiary of the Dominican Republic Jaime Francisco Rodríguez.

Dominican General Secretary Miguel Mejia also believed that with the capacity and experience gained from investment projects in Cuba, Viglacera will have many opportunities to succeed in the Dominican market as well as in the Caribbean countries. The Dominican government will create all conditions to support and connect Vietnamese-Dominican enterprises, creating a foundation for the deepening cooperation between the two States in the coming time.

According to the report on production and business activities in January 2023 presented by the Planning and Investment Board, the pre-tax consolidated profit of the Corporation reached 102% of the monthly plan, of which the Parent Company reached 116 % of the monthly plan and 35% of the first quarter plan. Consolidated revenue of the Corporation reached 104% of the monthly plan and the parent company’s revenue reached 112% of the monthly plan. Real estate, industrial park infrastructure leasing still maintained well, contributing largely to the general results of the Corporation; construction materials sector still faced difficulties in January 2023.

Overview of the briefing session

During the Lunar New Year 2022, the Corporation’s Trade Union in coordination with the units in the Corporation well implemented the regimes and policies for employees; ensure employees enjoy the Lunar New Year joyfully and safely; The units did well on duty of production, safety, and fire prevention. The number of employees returning to work after Tet holiday was fully and on schedule.

Commenting that the market in the first quarter of 2023 is still facing many difficulties, Mr. Nguyen Anh Tuan, General Director of the Corporation directed: “The parent company reviews mechanisms and policies to remove difficulties for units, focusing on complete processes and regulations; strongly implements decentralization and decentralization to create favorable and proactive conditions for units and leaders in charge of regions in solving work; units carefully prepare conditions to reach capacity and quality immediately after restarting production; organize production to order not to increase inventory; strengthen debt collection to ensure cash flow for production and business activities; well plan and prepare the conditions to hold the Annual General Meeting of Shareholders in 2023”.