VIGLACERA's Highlights & Promises Ahead of keo bong da toi nay New Year

"Viglacera has been very responsible and proactive in responding to keo bong da toi nay social welfare policies of keo bong da toi nay Party and keo bong da toi nay State, initiating keo bong da toi nay construction of numerous social housing projects and worker housing. Simultaneously overcoming market challenges, relentlessly exploring innovative production of green materials, resource conservation, leaving a remarkable breakthrough that deserves recognition," said Minister of Construction Nguyen Thanh Nghi in at keo bong da toi nay 2023 business review conference, discussing keo bong da toi nay direction for implementing keo bong da toi nay 2024 plans of Viglacera Corporation. This serves as an encouragement to all keo bong da toi nay leaders, workers, and staff of keo bong da toi nay Corporation in a year full of difficulties and challenges like 2023.

keo bong da toi nay conference was attended by Minister of Construction Nguyen Thanh Nghi, Deputy Minister of Construction Nguyen Van Sinh, and representatives of keo bong da toi nay heads of keo bong da toi nay functional departments under keo bong da toi nay Ministry.

Minister of Construction Nguyen Thanh Nghi encouraged and recognized keo bong da toi nay efforts of keo bong da toi nay Viglacera Corporation leadership and employees. 

A year of great effort for keo bong da toi nay group of building materials enterprises

keo bong da toi nay results of keo bong da toi nay 2023 production and business activities of keo bong da toi nay Corporation and keo bong da toi nay reports of keo bong da toi nay participants at keo bong da toi nay conference showed that keo bong da toi nay past 12 months were a time of compounding difficulties for keo bong da toi nay real estate sector. Thousands of construction projects across keo bong da toi nay country were stalled, leading to a decrease in keo bong da toi nay consumption of building materials that had never been seen before. In particular, in keo bong da toi nay southern market, which is keo bong da toi nay most vibrant market, keo bong da toi nay demand for building materials in 2023 decreased by more than 40%, keo bong da toi nay highest in keo bong da toi nay country.

keo bong da toi nay speeches also directly raised keo bong da toi nay challenge of keo bong da toi nay "output" equation for an enterprise that owns a series of building materials production plants - with a variety of product categories from glass, sanitary ware, tiles, aerated concrete, and sintered stone ... with a large total production capacity like Viglacera. In this context, Viglacera Corporation and its functional departments have taken keo bong da toi nay initiative to come up with solutions on both keo bong da toi nay domestic and export markets, keeping keo bong da toi nay consumption rate at keo bong da toi nay highest level possible: Tiles reached a consumption rate of 98%, glass reached 80%; ... Modern sales methods that provide a better user experience have been implemented. A system of showrooms showcasing a variety of products has been and continues to be established. Timely implementation of measures to optimize production organization.

Viglacera strives to bring many practical experiences to consumers through modern sales showrooms

2023 was also a year of great success for Viglacera's aerated autoclaved concrete (AAC/ALC) products in exports. Viglacera signed a strategic contract, becoming keo bong da toi nay main building materials supplier for many key projects in countries with strong construction growth such as Australia, Singapore, and Taiwan. This product was also awarded keo bong da toi nay Standard Product Certificate for Green Buildings by keo bong da toi nay Singapore Green Building Council (SGBC), becoming a material that meets keo bong da toi nay standards for use in international standard green buildings. In 2024, Viglacera's aerated autoclaved concrete products will continue to penetrate keo bong da toi nay Japanese and Korean markets.

In terms of exports, it has achieved positive growth. keo bong da toi nay total export turnover of keo bong da toi nay Corporation is estimated to reach 46.3 million USD, becoming keo bong da toi nay largest building materials exporter in Vietnam and growing by 53% over keo bong da toi nay same period; In which it increased in tile products, glass and porcelain.

Real estate: Finding opportunities in challenges.

Clearly, opportunities still arise in challenges. With keo bong da toi nay advantage of a wealth of experience and a reputable brand, keo bong da toi nay real estate business of keo bong da toi nay Corporation has identified two main areas of operation as follows:

First, focus on keo bong da toi nay development of industrial real estate projects linked to keo bong da toi nay trend of green transformation, increasing utility services, and improving competitiveness; is keo bong da toi nay main resource to ensure keo bong da toi nay completion of keo bong da toi nay 2024 business plan, and at keo bong da toi nay same time create favorable conditions for keo bong da toi nay divestment activities of keo bong da toi nay Corporation as financial investors are very interested in this area of operation.

Second, focus on completing keo bong da toi nay investment and putting into operation 3.800 social housing and worker housing units, in response to keo bong da toi nay program of creating 1 million new social housing units launched by keo bong da toi nay Government and keo bong da toi nay Ministry of Construction, while creating an advantage in attracting businesses to invest in industrial parks. In 2024, keo bong da toi nay Corporation will complete keo bong da toi nay investment of 2.180 social housing and worker housing units.

Viglacera's industrial real estate will be developed according to green criteria and diverse amenities to create a competitive advantage.

"keo bong da toi nay outstanding highlight," as acknowledged by Ministry of Construction "Commander

At keo bong da toi nay conference on keo bong da toi nay results of production and business activities in 2023 and keo bong da toi nay implementation of keo bong da toi nay production and business plan for 2024, Mr. Nguyen Anh Tuan, Deputy General Director of Viglacera Corporation, reported to keo bong da toi nay Minister of Construction and keo bong da toi nay entire conference: "In 2023, with keo bong da toi nay close guidance of keo bong da toi nay leadership of keo bong da toi nay Ministry of Construction, keo bong da toi nay decisive and flexible management of keo bong da toi nay Board of Directors, keo bong da toi nay leadership, and keo bong da toi nay unity, solidarity, and efforts of keo bong da toi nay staff, Viglacera Corporation has exceeded keo bong da toi nay main targets, profits before tax have been assigned by keo bong da toi nay General Assembly of Shareholders. keo bong da toi nay parent company always plays a good role in leading and guiding in directing and managing. In 2023, keo bong da toi nay estimated pre-tax profit of keo bong da toi nay entire consolidated corporation was VND1,593 billion, achieving 132% of keo bong da toi nay plan approved by keo bong da toi nay General Assembly of Shareholders; keo bong da toi nay estimated pre-tax profit of keo bong da toi nay parent company was VND1,919 billion, achieving 147% of keo bong da toi nay plan approved by keo bong da toi nay General Assembly of Shareholders."

Mr. Nguyen Anh Tuan, Deputy General Director of Viglacera Corporation, presented a report on keo bong da toi nay summary of work in 2023 and keo bong da toi nay implementation of keo bong da toi nay production and business plan for 2024

In 2023, keo bong da toi nay Viglacera brand was valued at 63.6 million USD by Brand Finance. On keo bong da toi nay eve of keo bong da toi nay new year and in celebration of keo bong da toi nay 50th anniversary of keo bong da toi nay Viglacera brand, keo bong da toi nay Corporation is committed to keo bong da toi nay goal of sustaining Viglacera as a pioneer brand in keo bong da toi nay production of building materials and real estate in Vietnam. Accordingly, keo bong da toi nay product strategy is focused on developing an environmentally friendly product ecosystem, focusing on keo bong da toi nay middle and high-end segments to serve keo bong da toi nay current real estate projects that keo bong da toi nay Corporation is investing in, and at keo bong da toi nay same time meeting keo bong da toi nay inevitable trend of keo bong da toi nay market.

It is known that also in 2023, Viglacera has focused resources to effectively implement many activities such as: Launching keo bong da toi nay largest sintered stone sheet in Vietnam; Launching keo bong da toi nay first square meters of Ultra Clear Glass in Vietnam; Strongly developing industrial park real estate; Boosting investment in worker housing and social housing; Boosting keo bong da toi nay development of tourism and resort real estate, opening up a new business direction for keo bong da toi nay Corporation; Boosting exports to European and American markets with keo bong da toi nay goal of achieving 68 million USD in total revenue for keo bong da toi nay Corporation in 2024.

Minister of Construction Nguyen Thanh Nghi acknowledged, highly appreciated, and praised keo bong da toi nay important results that Viglacera Corporation achieved in 2023. He said: "In 2023, all officials, civil servants, employees, and workers of keo bong da toi nay Construction industry have worked hard to overcome all difficulties and challenges to overachieve keo bong da toi nay targets set by keo bong da toi nay Government and keo bong da toi nay Prime Minister. keo bong da toi nay overall results of keo bong da toi nay Construction industry have benefited from keo bong da toi nay active participation of enterprises under keo bong da toi nay Ministry and keo bong da toi nay industry, in which Viglacera Corporation is a bright spot."

Promises before keo bong da toi nay new year

At keo bong da toi nay conference, keo bong da toi nay leadership of keo bong da toi nay Corporation and representatives of keo bong da toi nay member companies made contributions and proposed solutions to improve keo bong da toi nay efficiency of keo bong da toi nay Corporation's production and business in 2024.

At keo bong da toi nay same time, implement keo bong da toi nay Corporation's investment and development plan, ensuring keo bong da toi nay goals for 2024 and keo bong da toi nay long-term, sustainable development orientation of keo bong da toi nay Corporation with key construction materials and real estate projects.

Mr. Nguyen Van Tuan, Chairman of keo bong da toi nay Board of Directors of Viglacera Corporation

Mr. Nguyen Anh Tuan, General Director of Viglacera Corporation 

Mr. Tran Ngoc Anh, Deputy General Director of Viglacera Corporation 

Mr. Quach Huu Thuan, Deputy General Director of Viglacera Corporation 

Mr. Nguyen Quy Tuan, Chairman of keo bong da toi nay Viglacera Corporation Labor Union; Standing member of keo bong da toi nay Viglacera Corporation Reward and Encouragement Council

Mr. Mai Xuan Duc, General Director of Viglacera Tiles company

Mr. Nguyen Manh Hieu, General Director of Viglacera Trading company

Mr. Nguyen Ngoc Anh, Vice Chairman of keo bong da toi nay Board of Directors of Vimariel company - Cuba