In the morning, 10 January 2020, Viglacera Corporation – JSC held a conference to evaluate the results of production and business activities and investment in 2019, and to deploy production and business plans and investment in 2020. In 2019, under intensive and flexible management of the Board of Management of the Corporation, consensus of all officers and employees, Viglacera has accomplished main targets as planned, continuing to claim the position of the leading enterprise in the field of construction.
Attendees of the Conference include: representatives of Ministry of Construction and leaders of functional departments of the Ministry of Construction; About Viglacera Corporation – JSC, there are comrades in Board of Corporation Development, Chairman of Board of Management Nguyen Van Tuan, General Director Nguyen Anh Tuan, and other members from the Board of Management, Deputy General Director, Head of Departments, divisions and key officers from subsidiary units; About guests, there are representatives of shareholders and investment funds.
Mr. Nguyen Anh Tuan – Deputy General Director of the Corporation made an evaluation report on production and business results in 2019 and deploying production and business plans in 2020
In 2019, under intensive and flexible management of the Board of Management of the Corporation, consensus and solidarity of all officers and employees; attention, facilitation of the Ministry of Construction and major shareholders on the process of restructuring the Corporation comprehensively. The results of production and business activities of the Corporation were achieved and exceeded the targets assigned by the General Meeting of Shareholders, especially the Parent Company has shown the leading role with VND 718.9 billion, 11% higher than the plan in 2019. Consolidated profit of Viglacera Corporation – JSC reached VND 961.5 billion, which was equivalent to 101% of the plan approved at the General Meeting of Shareholders.
Mr Dau Minh Thanh – Director of Enterprise Management Department – Ministry of Construction speaks at the Conference
At the Conference, Mr. Dau Minh Thanh – Director of Enterprise Management Department – Ministry of Construction highly valued the results achieved in production and business activities in 2019 by Viglacera Corporation. Following the Government’s policy in equitizing state-owned companies, the Ministry of Construction will continue to carry out steps to divest its capital remained at Viglacera-JSC in 2020.
Mr. Nguyen Van Tuan – Chairman of Board of Management of Viglacera Corporation delivers a leadership speech at the Conference
Speaking at the Conference, Mr Nguyen Van Tuan – Chairman of the Board of Management of the Corporation reviewed the results of production and business activities in 2019 and identified objectives and plans for 2020. Regarding the field of construction materials, versatile and environment-friendly products will be developed, streamlined operational procedures will be built with specific KPI evaluation, R&D activities on new product development will be focused, information technology will be applied in production to minimize costs. Besides, the Corporation will continue to invest in building and maintaining Viglacera brand. Regarding sales activities, the domestic market continues to be stablized to promote export markets. As regards real estate section, investment in infrastructures of industrial parks and social-housing construction will be pursed, improved operational activities will be a part of building Viglacera brand into a leading developer of industrial parks in the region, new land fund will be centralized on areas neighboring large-scale ports, the orientation is to aim at developing markets the Central and Southern region.
Mr Nguyen Anh Tuan – General Director of Viglacera Corporation speaks at the Conference
In 2020, the market is inevitably a tougher year than 2019, General Director Nguyen Anh Tuan stated that there would still be opportunities, on the bright side, to be exploited from the integration and export activities. The General Director commemded units that outdid the plan in 2019 and requested all units to figure out solutions for a more sustantial development in 2020. With respect to management on production and business of construction materials, the General Director directed the Glass Group to focus on the market and product consumption plans when Phu My Ultra-Clear Glass Factory came into operation, Viglacera Float Glass Company needed to push lowE-glass production to their peak capacity. Sanitary Wares and Ceramic Tiles Group should develop product lines of large tiles, sanitary-ware factories needed to stabilize production to meet the plan, by 2020, the market would witness a breakthrough in this product group, therefore, effective business options for the output are required. Regarding real estate section, investment in infrastructures of industrial parks and social-housing will be continued, focusing on supplying in utilities for projects. On the occasion of the New Year, General Director Nguyen Anh Tuan wished all officers and employees of Viglacera a happy new year, with the best health, joyful and safe year.
In 2020, the Corporation will undergo a fundamental change in capital ownership, besides favorable factors such as the economy continues to recover, business environment is counting enterprise community’s blessings, and macroeconomic situation is temporarily stable, the inflation is under control … These are the positive factors and conditions that raise the development of Viglacera Corporation – JSC to a new level. Positive results acquired in 2019 will be the foundation for the Corporation to execute successfully the production and Business Plan for 2020 and the 5-year Plans (2021-2025).