Viglacera Corporation-JSC first reached truc tiep bong da keo nha cai combined profit before tax of just over 1,000 billion VND in 2017.

On truc tiep bong da keo nha cai morning of Jan 9th, 2018, Viglacera Corporation-JSC held a conference to evaluate truc tiep bong da keo nha cai results of production and business activities in 2017 and to deploy business and investment plans in 2018. In 2017, Viglacera made significant changes in truc tiep bong da keo nha cai comprehensive restructure of truc tiep bong da keo nha cai Corporation, meet truc tiep bong da keo nha cai set targets and continuously positioned themselves as one of truc tiep bong da keo nha cai leading construction companies.

Attending truc tiep bong da keo nha cai conference, truc tiep bong da keo nha cai Corporation welcomes Deputy Minister Bui Pham Khanh and leaders of functional departments under truc tiep bong da keo nha cai Ministry of Construction. From Viglacera Corporation-JSC, truc tiep bong da keo nha cai Conference is attended by members in Corporation Development Council, Chairman of BOD Luyen Cong Minh, General Director Nguyen Anh Tuan, together with members of BOD, Deputy General Directors, Head of Division/ Depratments and key leaders in subsidiaries; there are also representatives of shareholders and investment funds.

 
Mr. Nguyen Anh Tuan – Deputy Genral Director of truc tiep bong da keo nha cai Corporation reports on business results in 2017 and plans for production and business in 2018.

Viglacera achieved excellent business results with truc tiep bong da keo nha cai active contributions of truc tiep bong da keo nha cai subsidiaries. At truc tiep bong da keo nha cai conference, truc tiep bong da keo nha cai Corporation praised truc tiep bong da keo nha cai high profit companies which contributing significantly to truc tiep bong da keo nha cai final result of truc tiep bong da keo nha cai Corporation: Viglacera Float Glass Company, Viglacera Ha Long JSC, Viglacera Infrastructure Development and Investment Company and Viglacera Real Estate Trading Company.

2017 is truc tiep bong da keo nha cai year for Viglacera Corporation-JSC restructuring project: in July, succeed in issuing 120 mililion stock (VGC) to investors, increase charter capital to 4.270 billion VND; In December, truc tiep bong da keo nha cai capital increase under truc tiep bong da keo nha cai ESOP program is completed, increased charter capital to 4.483 billion VND and reduced truc tiep bong da keo nha cai state ownership rate to 53.97%; also prepare for deploying withdrawal of state capital period 2018-2019 according to Decision No. 1232/QĐ-TTg dated 17/8/2017 of truc tiep bong da keo nha cai Prime Minister. truc tiep bong da keo nha cai Corporation also direct truc tiep bong da keo nha cai subsidiaries to implement truc tiep bong da keo nha cai increasing and withdraw capital process according to truc tiep bong da keo nha cai guidance of truc tiep bong da keo nha cai Ministry of Construction. 

truc tiep bong da keo nha cai invested project in reported plan to shareholders at Annual meeting 2017 has been deployed in right schedule: truc tiep bong da keo nha cai 600 tons/day super-white float glass project in Vung Tau was ground broken on July 25, 2017, package EP and other package are deploying currently according to project process. Viglacera My Xuan Sanitary wares project is rushing to complete truc tiep bong da keo nha cai work items to install machines and equipment according to project process. This sanitary wares factory project has truc tiep bong da keo nha cai advanced production technology, high quality products, meet truc tiep bong da keo nha cai market demand for high-quality sanitary ware in both domestic and foreign. truc tiep bong da keo nha cai science and technology project – AAC production line (AAC brick and panel) with truc tiep bong da keo nha cai capacity of 200,000 m3/year is under contract with HESS (German contractor). truc tiep bong da keo nha cai contractor will advise on truc tiep bong da keo nha cai use of ash, slag to reduce costs, improve environmental protection.

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For truc tiep bong da keo nha cai real estate sector, truc tiep bong da keo nha cai Corporation has just begin construction two new housing projects for workers in Yen Phong Industrial Zone and one in Dong Van IV Industrial Zone (Ha Nam); continued to clear truc tiep bong da keo nha cai ground, invested in truc tiep bong da keo nha cai construction and completion of technical infrastructure and service systems in Yen Phong IZ, Dong Van IV, Phu Ha, Hai Yen and Dong Mai. truc tiep bong da keo nha cai Corporation concentrated on completing truc tiep bong da keo nha cai preparation of investment projects on workers' houses, social houses and commercial houses ... as well as completing and handing projects at crossroad 6 – Bac Ninh, 671 Hoang Hoa Tham, Dang Xa and Yen Phong urban areas.

truc tiep bong da keo nha cai biggest record in truc tiep bong da keo nha cai overseas investment is truc tiep bong da keo nha cai approval of Prodimat (Cuba) and Viglacera by truc tiep bong da keo nha cai Government of Cuba in December 2017 to establish SANVIG joint-venture to reform two existing sanitary wares and tiles factory in Cuba. Currently, truc tiep bong da keo nha cai Corporation is asking for Vietnamese Government permission for truc tiep bong da keo nha cai production in truc tiep bong da keo nha cai first quarter of 2018. Besides, Viglacera continues to prepare for truc tiep bong da keo nha cai industrial zone infrastructure at Mariel Economic Zone and establish a joint venture investment in truc tiep bong da keo nha cai hotel sector of truc tiep bong da keo nha cai Grand Caribe Group in Cuba. 

 
Deputy Minister – Mr. Bui Pham Khanh delivered a speech at truc tiep bong da keo nha cai Conference

At truc tiep bong da keo nha cai conference, Deputy Minister of Ministry of Construction – Mr. Bui Pham Khanh highly appreciated truc tiep bong da keo nha cai results achieved in production and business activities of Viglacera Corporation-JSC in 2017. With truc tiep bong da keo nha cai achievements in investment in Cuba, consumption of energy-saving glass, deployment of super-white float glass projects, effective investment in social housing projects will be truc tiep bong da keo nha cai premise helping Viglacera prepare to enter truc tiep bong da keo nha cai new "battle front". truc tiep bong da keo nha cai Deputy Minister emphasized 2018 will be year of Viglacera Corporation-JSC, reduce state ownership to 36% in 2018 and truc tiep bong da keo nha cai period according to Decision No. 1232/QĐ-TTg dated 17/8/2017 of truc tiep bong da keo nha cai Prime Minister will open a new future for Viglacera.

 

After listening to truc tiep bong da keo nha cai results of production and investment activities in 2017, and truc tiep bong da keo nha cai deployment of business plan and investment in 2018, representatives of truc tiep bong da keo nha cai Board, Production, Trade and Real Estate of truc tiep bong da keo nha cai Corporation are all agree and commit to complete truc tiep bong da keo nha cai business plan targets in 2018 that truc tiep bong da keo nha cai Corporation delivered. 

Representing shareholders from Dragon Capital Fund and Saigon Hanoi Securities Company - SHS has acknowledged and congratulated truc tiep bong da keo nha cai Corporation's business performance in 2017. truc tiep bong da keo nha cai shareholders also requested to make one of truc tiep bong da keo nha cai Big4 as truc tiep bong da keo nha cai auditor and soon exchange VGC shares into listing in HOSE. truc tiep bong da keo nha cai shareholders suggestion are also included in Viglacera’s performance targets for 2018.

 

2018 is truc tiep bong da keo nha cai important year for Viglacera Corporation when State ownership decrease to 36%, which mean it can basically change in owners’ equity. Viglacera’s target is to achieve 6% profit before tax higher than 2017, consolidated revenue is 9.000 billion VND, higher than 2017 6%, invest in developing truc tiep bong da keo nha cai parent company is 2.000 billion VND, increase 30% compared with 2017, estimated dividend in 2018 is 9.5% per year (charter capital: 4.483 billion VND). 

 
Chairman of BOD – Mr. Luyen Cong Minh speaks at truc tiep bong da keo nha cai Conference

Speaking at truc tiep bong da keo nha cai conference, Chairman of truc tiep bong da keo nha cai BOD - Mr. Luyen Cong Minh emphasized: Viglacera commits to follow truc tiep bong da keo nha cai direction of Ministry of Construction, successfully implement withdrawal of state capital and implement investment projects on schedule. Viglacera Corporation-JSC will focus on deploying and exploiting high efficiency projects. Besides, truc tiep bong da keo nha cai management will focus on management, organize meetings to publish information to shareholders, and build truc tiep bong da keo nha cai route to move to HOSE at truc tiep bong da keo nha cai end of 2018.

truc tiep bong da keo nha cai Corporation will manage as public company through management regulation and approach enterprises that have high technology and well management in both foreign and domestic, meet market demand and make full use of international integration opportunities. 

In 2017, Viglacera Corporation-JSC has completed truc tiep bong da keo nha cai key targets in truc tiep bong da keo nha cai plan assigned by Ministry of Construction and General assembly of shareholders. truc tiep bong da keo nha cai positive results in 2017 will be truc tiep bong da keo nha cai foundation for Viglacera to continue implement truc tiep bong da keo nha cai business plan in 2018 and truc tiep bong da keo nha cai 5-year period of 2016-2020. In 2018, truc tiep bong da keo nha cai Corporation will have a fundamental change in ownership capital , besides favorable factors such as truc tiep bong da keo nha cai economy continues to recover, business environment create trust for truc tiep bong da keo nha cai business community, truc tiep bong da keo nha cai macro economics are stable, inflation is controlled ... These are truc tiep bong da keo nha cai factors and conditions that actively promote truc tiep bong da keo nha cai development of Viglacera Corporation-JSC to new heights. 

Other images at truc tiep bong da keo nha cai Conference: 

 
Director of Viglacera Float Glass Company - Mr. Nguyen Minh Khoa discusses solutions to improve business performance in Construction glass 
 
Deputy General Director of truc tiep bong da keo nha cai Corporation, Director of Tiles-Sanitary Wares Department - Mr. Nguyen Minh Tuan discusses about truc tiep bong da keo nha cai direction of production and business in truc tiep bong da keo nha cai filed of tiles in 2018
 
Director of Viglacera Ha Long JSC - Mr. Tran Hong Quang disscusses truc tiep bong da keo nha cai efficiency of investment in product restructuring in truc tiep bong da keo nha cai field of terracotta 
 
 Director of Corporation’s Real Estate Board- Mr. Nguyen truc tiep bong da keo nha cai Chinh disscusses about Development Investment Plan of Real Estate Board in 2018

 
Director of Viglacera Trading JSC – Mr. Nguyen Van Ly talks about trade and market development in 2018

 
Director of Viglacera R&D Institute – Mr. Ngo Trung Dung talks about truc tiep bong da keo nha cai overseas investment plan in Cuba in 2018

 
Chairman of Corporation Trade Union – Mr. Nguyen Quy Tuan disscusses about truc tiep bong da keo nha cai direction of truc tiep bong da keo nha cai Corporation’s union activities in 2018