On July 3, 2023, Viglacera Corporation – Joint Stock Company (VGC) held a meeting to evaluate the production and business performances in the first six months of 2023. Accordingly, the Corporation’s performances continued to record positive results.
General view of the meeting.
In only six months, the consolidated net revenue of the Corporation is expected to reach nearly VND 7,000 billion, of which the parent company reached almost VND 3,000 billion, completing 52% of the plan in 2023; pre-tax profit was estimated at VND 913 billion, completing 75% of the whole year’s profit in 2023. The parent company is close to achieving the target of an estimated profit of VND 1,210 billion, completing 92% of the year plan.
The main contribution to the revenue and profit results in the first six months of 2023 comes from the real estate sector (especially industrial park estate) when this sector flourished with revenue estimated to reach more than VND 2,600 billion; profit was estimated at VND 950 billion, completing 90% of the profit plan. Additionally, Viglacera recorded a dividend income of VND 310 billion from its associated companies.
Yen Phong 2C Industrial Park has successfully attracted many FDI investors such as Amkor, Hyosung, etc.
Currently owning and operating 12 industrial parks, Viglacera affirms its strong position when attracting 300 domestic and foreign enterprises, with more than 16 billion USD in FDI capital, mostly from prominent enterprises worldwide. By 2025, Viglacera plans to increase the total number of industrial parks to 20 with over 10 new industrial parks and a total area of about 2,000-3,000 hectares.
These are the results of the right and drastic development direction of Viglacera, bringing about significant profits.
Since the beginning of the year, Viglacera has pursued a strong investment strategy in the industrial real estate sector. It has continuously surveyed, initiated investment projects, and implemented investment in new industrial parks in localities with favorable locations, infrastructure, investment attraction, and business capabilities.
In the field of building materials, Viglacera focuses on investing in technology, upgrading machinery and equipment, and modern production lines in some factories, especially technologies for producing green and environmentally friendly products such as energy-saving glass, aerated concrete brick, etc. These products are gradually yielding positive results and leading the Net Zero trend.
Viglacera sponsors the program “Net Zero – Opportunity for Leaders”
The investment in the new line Sacmi Continua+ to catch up with the trend of premium large-sized porcelain tiles to replace imported goods is the key direction in the field of ceramic tiles. Viglacera also continues to expand investment in a super white float glass production factory, leading domestic enterprises to supply glass blanks in solar battery production; These are positive signs that demonstrate the company’s sustainable development orientation with a focus on technology, research, and development of pioneering green, and environmentally friendly products.
After the first half of 2023, Viglacera’s Real Estate and Building Materials segments recorded good results despite the gross domestic product (GDP) only reaching 3.72%, a sluggish real estate market, and decreased consumer demand. This is the result of the Corporation’s Board of Directors closely following the management goals, drastically directing all aspects of production and business activities, exploiting to the fullest possible opportunities in the market, and controlling and managing risk treatment.
With the positive business results in the first six months of the year, Viglacera is confident of achieving the goals set out at the General Meeting of Shareholders, creating a solid foundation, and driving force for sustainable development in the coming years.
