On the morning of January 10, 2022, Viglacera Corporation – Joint Stock Company (JSC) held a conference to evaluate the business performance in 2021, and implement the tasks of the business plan and investment in 2022. Accordingly, in 2021, under the supervision of the Board of Directors, the consensus of all employees, Viglacera has exceeded the main targets set forth, continuing to affirm its position as a leading enterprise in the construction industry.
Reporting at the Conference, Mr. Nguyen Anh Tuan – Deputy General Director said: In 2021, despite facing many difficulties and big challenges due to the impact of the Covid-19 epidemic, under the drastic, proactive and flexible management of the Board of Directors in association with the consensus, solidarity, and efforts of all employees throughout the Corporation, the business performance has achieved main targets assigned by the General Meeting of Shareholders. Pre-tax profit of the whole Corporation is estimated at 1,527 billion VND, reaching 142% of the year plan, of which the profit of the parent company is estimated at over 1,100 billion VND, up 20% compared to the plan in 2021 and up 56% compared to the previous year of 2020.
Mr. Nguyen Anh Tuan – Deputy General Director reported the business performance in 2021 and tasks in 2022
In particular, the real estate sector greatly contributed to Viglacera’s business results in 2021, with an estimated profit before tax of VND 1,033 billion (reaching 122% of the year plan and an increase of VND 326 billion compared to the actual implementation in the year of 2020).
Specifically, in 2021, the real estate sector of the Parent Company continued to perform well in its leading role in maintaining production and business efficiency, making an important contribution to the Parent Company’s achievement. During the year, Viglacera Corporation was continuously focusing on investing, developing and expanding the industrial park land, expanding investment in new areas, continuing to affirm its position as one of the leading enterprises in the field of real estate and worker’s accommodation.
Mr. Nguyen Anh Tuan – General Director of the Corporation presented at the Conference.
Regarding investment and business in industrial park infrastructure, Viglacera quickly grasped the opportunity as and when foreign investment started shifting into Vietnam, focusing on leasing area of industrial park infrastructure with a coverage of about 166ha in the whole year. In addition, despite being heavily affected by the epidemic, Viglacera still targeted its resources on preparing for investment, especially compensation for site clearance, and synchronously-built infrastructure to have clean land for business; strengthen the marketing of secondary investors in existing Industrial Parks (IPs) to attract and anticipate the wave of secondary investors, increasing the efficiency of the existing land area.
Mr. Luong Thanh Tung – Deputy General Director of the Corporation and Mr. Nguyen The Chinh – Director of Real Estate Department reported at the Conference
At the same time, Viglacera deployed and invested in building service ecosystems such as: worker accommodation, cultural institutions, etc. in industrial zones with key projects.
In 2022, Viglacera will develop new industrial zones; industrial park infrastructure and services; wastewater treatment, waste treatment, clean water supply; electricity supply services, warehouse rental, etc. which meet standards and increase the competitiveness over domestic and foreign industrial park investors. In addition, the development of social housing projects, worker accommodation, commercial houses, resorts, etc. will also be financed to improve service quality, professional operation, and the utility of investment projects.
In the relation to the building materials segment, 2021 was a successful year for the Glass sector, making a great contribution to the overall results of the whole Corporation. 2021 was also the year marking the event that Viglacera Corporation increased its ownership in Phu My Super White Float Glass Company Limited (PFG) from 35% to 65% of charter capital and transferred from an associate to a subsidiary one from 1st October 2021.
Mr. Hoang Kim Bong – Deputy General Director of the Corporation and Mr. Quach Huu Thuan – Deputy General Director of the Corporation reported at the Conference
Officially put into production in December 2020, Phu My super white float glass factory phase I has a capacity of 600 tons/day. Right in the first year when PFG went into production, it exceeded the project’s target plan. This is a great initial effect of a well-planned investment strategy of Viglacera Corporation.
In 2022, Viglacera will continue to raise the brand name of construction glass products and all kinds of roofing tiles, cotto bricks, and sanitary ware products with top quality in the Vietnam market on the basis of in-depth investment in technology – technique; research and investment in developing new glass products; conducting surveys, investing in expansion and in new raw material mines, etc.
Mr. Tran Manh Huu – Head of the Supervisory Board of the Corporation and Ms. Tran Thi Minh Loan – Director of the Financial and Economic Department of the Corporation reported at the Conference.
Regarding tasks and plans in 2022, Viglacera Corporation – JSC focuses on market development and cooperates well with consulting units to effectively implement the Corporation’s brand development strategy project.
For the domestic market, VGC keeps developing the e-commerce sales system in parallel with consolidating the direct selling System; project channel and a team of consultants, architects; expanding the southern market in proportion to the investment scale of VGC and its units in this market, especially the market for new products of Viglacera My Duc II Factory; effectively deploying communication programs, focusing on brand promotion, developing new product models with high value, high production, and business efficiency.
Mr. Nguyen Van Tuan – Chairman of the Board of Directors of the Corporation directed at the Conference.
For the export market, Viglacera develops and implements an export strategy to expand the market, focusing on products in the field of glass, sanitary ware – showers, tiles and other high-tech products; looking for new export partners, expanding export markets in countries participating in the common trade agreement, especially the US and European markets; promote the role of the Limited Company of Viglacera Tiles Trading Company in the US.
Thereby, striving to complete the planned targets set out in 2022 with the parent company’s profit before tax increasing by 2% compared to the implementation in 2021; the Consolidated profit of the whole Corporation increased by 14% compared to the performance in 2021.
Based on the achievements of 2021 and key operating solutions, focusing on production management, new product development, cost reduction, effective financial operation, etc., VGC will be apparently supported to successfully implement the 2022 production and business plan, to grow stably and sustainably.
