In 2022, with the drastic and flexible management of the Corporation’s Board of Directors and the consensus of all employees, Viglacera has completed and exceeded the main targets, continuing to affirm its position as the leading enterprise in the construction industry. Let’s take a look at Viglacera’s achievements in 2022.
Exceeding the annual plan target
The results of production and business activities in 2022 of the whole Corporation have achieved and spectacularly exceeded the main targets assigned in the General Meeting of Shareholders. The consolidated pre-tax profit of the whole Corporation was estimated at VND 2,288 billion, reaching 135% of the year plan, up 48% compared to 2021, of which the pre-tax profit of the parent company was estimated at VND 1,722 billion, up 44 % compared to the plan in 2022 and up 50% compared to 2021.
Always affirming the leading brand in the Construction industry
With the orientation of building and implementing a sustainable growth strategy, Viglacera has been constantly trying to improve product quality, applying high technology and smart technology to research and develop green and environmentally-friendly products. Recorded in 2022, Viglacera was honored to receive many prestigious awards in the field of Construction such as National Brand; Top 10 strong brands 2022 in Construction and Building Materials; ranked 94th in the Top 500 Most Profitable Enterprises in Vietnam in 2022 and 48th in the Top 500 Most Profitable Private Enterprises in Vietnam in 2022. In addition, Viglacera is still a Vietnamese enterprise which is in the top 22 largest Ceramic tile manufacturers in the world.
Launching the Vasta brand – Pioneer in the production of sintered stone in Vietnam
Vasta Stone has the advantage of owning the most modern chain in the world SACMI Continua+ imported from Italy. This is also considered the most modern large-scale sintering stone production line in the world.
Thanks to a series of outstanding advantages in terms of hardness, high strength, stain resistance, scratch resistance, waterproof, anti-slip, superior fire resistance, and especially resistance to chemicals, chemical substances, common chemicals in the kitchen, swimming pool walls, stairs, sintered stone has become a high-class material that is preferred by many designers and architects around the world. With amazingly large dimensions of up to 160 x 320cm and flexible thickness from 6mm to 20mm, Vasta Stone with the technologies used brings unique specifications on a truly world-level product.
Strong development of Industrial Real Estate
In 2022, Viglacera recorded impressively growing real estate business results, pre-tax profit was estimated at VND 1,622 billion (reaching 133% of the year plan and growing 57% compared to 2021). This is also the field that plays a leading role and mainly contributes to the profit growth of the Corporation.
In the period of 2022 – 2023, according to the plan, the Corporation will survey and develop a number of new industrial parks in favorable locations. According to the orientation, by 2025, the Corporation will increase the total number of Viglacera-branded industrial parks to 20 with over 10 new industrial parks with a total increasing area of about 2,000 – 3,000 hectares to develop the fund of industrial land.
Pioneering in response to Government programs, implementing social housing and housing for workers projects
Viglacera has started construction of 2,000 apartments – Worker housing project in Yen Phong Industrial Park, Bac Ninh and 1,000 apartments in Dong Mai Industrial Park, Quang Ninh; The project in Dong Van IV Industrial Park has also been completed and is ready to go into operation; With the initiative in investing in the construction of worker housing in industrial parks, Viglacera contributes to the implementation of guidelines and policies of the Government and the Ministry of Construction on the development of social housing, housing for workers, especially when the situation of workers lack of stable accommodation is increasing with the speed of industrial development in Vietnam, thereby demonstrating Viglacera’s responsibility to the community as well as increasing the attractiveness of the industrial parks that Viglacera develops.
Export to European and American markets
Viglacera is the first Vietnamese enterprise to have a booth at the Cersaie Exhibition, Italy. This is the largest and most important international exhibition on technological innovation and technical innovation in the building materials industry, increasingly asserting its position as an ideal destination for investors, manufacturers, consultants, architects and designers operating in the field of construction, sales and production of ceramics and related industries.
Being the first enterprise to have a booth at the world’s largest exhibition to introduce the latest products to customers, Viglacera continues to affirm its leading position in the building materials industry in Vietnam. This is also the bridge to develop the business network, export Viglacera’s products to major countries in Europe and the US.
Production and business activities in the South have been promoted and effectively developed
In order to meet the market expansion and supply products directly in the Southern market, Viglacera has factories in the fields of Sanitary Ware (Viglacera My Xuan Porcelain, Viglacera Binh Duong Porcelain), Ceramic tiles (Viglacera Eurotile Brick Factory, My Duc Brick Factory) and Construction Glass (Viglacera Binh Duong Float Glass Company and Phu My Ultra Clear Float Glass Company). The factories have achieved efficiency which exceeds the plan in 2022.
Innovating and restructuring to be flexible and adapt to market developments
With difficult and unpredictable developments in the world and Vietnam’s economic situation, Viglacera has proactively restructured its activities to adapt appropriately; these measures have been bringing positive results to the company.
Accordingly, Viglacera focuses on restructuring to improve quality and human resource management; Diversifying sales channels/markets and customer files; Expanding and improving the quality of the sale points, increasing interaction directly and through modern platforms; Enhancing digitalization in sales activities and enhancing the actual experience for customers…
With these solutions, Viglaera’s business activities are more flexible, adaptable to market changes and more efficient.