Viglacera: Member companies complete General Meeting of Shareholders

In the following week of the General Meeting of Shareholders, the units of Viglacera Corporation - JSC successfully completed the organization of the 2025 Annual General Meeting of Shareholders.

The meetings were conducted in accordance with legal regulations, with the full participation of shareholders, members of the Board of Directors, the Supervisory Board and key management teams. The agenda revolved around a comprehensive assessment of business operations in 2024, analysis of impact factors and development of a detailed plan for 2025, focusing on compliance with the law and protecting long-term interests for all parties.

2024 is considered a challenging year with two outstanding difficulties: the market stagnated for the first 9 months of the year, plus the heavy impact of Typhoon Yagi in the later period. These obstacles are unprecedented in history, but thanks to the strong direction of the Board of Directors and the dedication of the Executive Board, the units still recorded positive results in a difficult context.

At the end of the General Meeting, all Viglacera's subsidiaries achieved great consensus from shareholders, with many strategic decisions being approved. These foundations not only create momentum for development in 2025 but also affirm Viglacera's determination to maintain transparency and aim for sustainable development in the future.

VIGLACERA TIEN SON JSC: Paying 10% cash dividend

On March 25, 2025, in Bac Ninh, Viglacera Tien Son Joint Stock Company successfully held the 2025 Annual General Meeting of Shareholders.

The General Meeting of Shareholders approved the reports of the Board of Directors, the Board of Management and the Supervisory Board, accordingly, in 2024, the Company's business results in 2024 showed positive growth. The Company achieved a profit of VND 64.11 billion, equivalent to 214% of the plan and a remarkable growth of 1,021% compared to 2023. Total revenue reached VND 2,143 billion, completing 88% of the annual plan and growing by 7% compared to the previous year.

The report of the Board of Directors of the Company stated: In 2024, the Board of Directors of the Company highly appreciated the determination of the Board of Directors and all employees of the Company in organizing and implementing production and business activities as well as internal management work, thereby helping the Company comply with the set strategy, promptly adjusting to the complicated developments of the financial market, real estate market and construction material prices..

The General Meeting of Shareholders also approved the plan to pay 2024 cash dividends at a rate of 10%. 

This positive result shows the close direction of the Board of Directors and the Board of Management in terms of production management, optimizing the capacity of invested technological equipment lines. Viglacera Tien Son's major achievements in the past year can be listed as follows: Closely following and promptly assessing market developments to regulate production output to meet consumption needs; Investing in a vehicle to spread grain in the skeleton & investing in a fluidized bed furnace to provide heat for the spray drying tower at the Viglacera Eurotile factory, etc.

Actively promote the improvement of material mixes at all factories; Put into production nearly 400 new models - many of which meet export requirements to European and American markets, contributing to increasing export revenue by 19% compared to 2023. 2024 is also the year marking the successful production of Vasta Stone veined sintered stone with diverse sizes and thicknesses. Viglacera becomes the pioneer manufacturer of veined sintered stone products in Vietnam.

In addition, the General Meeting also approved the 2025 business plan with a focus on consolidating the foundation, improving product quality and expanding market share. Viglacera Tien Son plans to increase investment in technology, especially at the Viglacera Eurotile Factory, to increase capacity and meet market trends, maintain its position and reach further in an increasingly fierce competitive environment. The high consensus from shareholders at the General Meeting demonstrates strong belief in the chosen path.

The General Meeting also elected a replacement member of the Board of Directors according to Decision No. 218/TCT-QD HDQT dated July 20, 2025 of Viglacera Corporation - JSC. Accordingly, Mr. Tran Manh Huu ceased to be the representative of the Corporation's capital and ceased to participate in the Board of Directors, ceased to hold the position of Chairman of the Board of Directors of Viglacera Tien Son Joint Stock Company for the 2023-2027 term; Mr. Dang Minh Tam was elected as a member of the Board of Directors for the 2023-2027 term. Mr. Dang Quoc Tuan ceased to be a member of the Supervisory Board and Mr. Ta Hong Phuong was elected as a member of the Supervisory Board. 

Mr. Mai Xuan Duc - General Director of Viglacera Tiles Trading Joint Stock Company is the representative of the capital contribution of Viglacera Corporation - JSC at Viglacera Tien Son Joint Stock Company, holding the position of Chairman of the Board of Directors of Viglacera Tien Son Joint Stock Company for the term 2023 - 2027.

VIGLACERA TRADING JOINT STOCK COMPANY: Focusing on the development path ahead

The meeting will take place on March 25, 2025 to review the business performance in 2024, the business plan in 2025 and solutions to implement the Company's business plan in the coming time. 

Overview of the 2025 Annual General Meeting of Shareholders - Viglacera Trading Joint Stock Company

Assessing the performance results in 2024, the representative of the Executive Board, Mr. Nguyen Viet Cuong, General Director of Viglacera Trading Joint Stock Company said that 2024 is a difficult year for the construction materials market in general and sanitary ceramics in particular. 

However, under the close and drastic direction of the Board of Directors of Viglacera Corporation - JSC. The Board of Directors of Viglacera Trading Joint Stock Company has continuously grasped the situation, promoted coordination with related units to propose many suitable business solutions to adapt to market conditions, thereby affirming its role as a purchasing unit for manufacturing companies in the field of ceramics and sanitary equipment. 

The activities of building a consumption network are also promoted nationwide. In 2024, up to 945 new dealer/stores were opened. Regarding product display and reaching consumers, during the year, 80 distributors nationwide and 12,200 dealers/stores displayed Viglacera sanitary equipment products, reaching nearly 70% coverage in the domestic market.

Considered the company's key task in 2024, the project sales channel not only completed the assigned plan but also grew 57% compared to 2023.

In 2025, the company will continue to review its distribution system, sales policies and conduct monthly market surveys to promptly adjust its strategy. At the same time, the company will expand its project sales channels such as social housing, industrial parks and public investment, aiming for sustainable growth.

In the long-term vision, Viglacera aims to become one of the leading manufacturers of sanitary equipment in Vietnam, so Viglacera Trading Joint Stock Company determines that it will have to make great efforts to contribute to creating competitive advantages with international brands, expanding exports to potential markets such as the US, Australia, Korea and Arabia. Promoting exports and expanding markets is one of the urgent tasks set for the Company in 2025 and the following years.  

The General Meeting elected a replacement member of the Board of Directors according to Decision No. 218/TCT-QD HĐT dated July 20, 2025 of Viglacera Corporation - JSC. Accordingly, Mr. Nguyen Minh Khoa ceased to hold the position of Chairman of the Board of Directors for the 2023 - 2027 term. Mr. Nguyen Van Tien was elected Chairman of the Board of Directors for the 2023 - 2027 term.

Mr. Nguyen Manh Hieu ceased to hold the position of Member of the Board of Directors and General Director of the Company. At the same time, the General Meeting unanimously approved Mr. Nguyen Viet Cuong to become Member of the Board of Directors and General Director of the Company. 

The year 2024 poses many challenges for Viglacera Trading Joint Stock Company, therefore, at the 2025 Annual General Meeting of Shareholders, Shareholders gave many constructive comments related to the remaining issues in 2024 as well as solutions to implement the 2025 production and business plan with the goal of helping the Company quickly regain a more worthy position in the market.

VIGLACERA HANOI JOINT STOCK COMPANY: Looking back at 2024 with many efforts

On March 27, 2025, Viglacera Hanoi Joint Stock Company held the 2025 Annual General Meeting of Shareholders. This is an important event held annually, where shareholders and the company's board of directors sit together to review what has been done in the past year, and discuss plans for the coming year. 

Members of the General Meeting of Shareholders of Viglacera Hanoi Joint Stock Company

According to the report of the Supervisory Board presented at the General Meeting, in 2024, the Company's total net revenue reached VND 561,471 billion. This figure slightly exceeded the set plan, reaching 101%, and remained at the same level as the revenue of 2023, that is, 100%. In terms of profit, the Company recorded pre-tax profit from production and business activities of VND 7,692 billion. Compared to the initial plan set at only VND 1,000 billion, this result is much higher, reaching 769% of the plan. Compared to 2023, this profit also doubled, equivalent to 200%. These figures show that the Company had a fairly positive year of operation, despite many difficulties.

In 2024, Viglacera Hanoi Joint Stock Company faced many difficulties, especially the impact of Typhoon Yagi. This typhoon caused a lot of damage, forcing the Company's two major factories, Viglacera Yen Phong and Viglacera Hai Duong, to temporarily stop operations for a period of time for repairs and to overcome the consequences. The production stoppage certainly affected the work progress, and thanks to prior preparation, both factories were soon back in operation. Although there were inevitable difficulties, this effort helped the company reduce the damage and continue to maintain operations.

In addition, the General Meeting also elected a replacement member of the Board of Directors. Accordingly, Mr. Mai Xuan Duc - General Director of Viglacera Tile Trading Joint Stock Company is the representative of the capital contribution of Viglacera Corporation - JSC at Viglacera Hanoi Joint Stock Company to hold the position of Chairman of the Board of Directors of Viglacera Hanoi Joint Stock Company for the term 2023 - 2027.

This General Meeting of Shareholders is not only an opportunity for the Company to announce its financial figures but also an opportunity to look back at what it has experienced in 2024. Despite difficult times such as the impact of Typhoon Yagi, Viglacera Hanoi Joint Stock Company still tried to overcome them by taking advantage of the preparation and hard work of its staff. Looking forward, Viglacera Hanoi Joint Stock Company hopes to continue to maintain stable operations and make further progress in 2025, based on the lessons and experiences from the past year.

VIGLACERA THANH TRI CERAMICS JOINT STOCK COMPANY: 2025 General Meeting of Shareholders was a great success

On the morning of March 26, 2025, in Hanoi, Viglacera Thanh Tri Ceramic Joint Stock Company successfully held the 2025 Annual General Meeting of Shareholders. The meeting was attended by representatives from Viglacera Corporation - JSC, specialized departments such as Sanitary Ceramics Department, Trade Department, Investment Planning Department, along with all members of the Board of Directors, Executive Board, Supervisory Board and shareholders representing the company's charter capital. 

Overview of the 2025 Annual General Meeting of Shareholders - Viglacera Thanh Tri Ceramic Joint Stock Company

In 2024, despite facing great pressure from the consumer market and competition in the construction materials industry, the Company still received timely support from Viglacera Corporation. The leaders of Sanitary Ware have given strategic directions, focusing on improving product quality, innovating designs, and improving techniques to create a difference. Thanks to the close direction from the Board of Directors and the Board of Management, the Company has made efforts to carry out production and business tasks with remarkable results: sales output reached 256,273 products, exceeding the set plan by 107%; average income per employee reached 13,371 million VND/person/month, equivalent to 96% of the plan. However, pre-tax profit in 2024 was affected by the general difficulties of the market, requiring the Company to continue to make efforts to improve in the coming time.

Looking to 2025, the General Meeting approved the development plan and direction. The company aims to achieve pre-tax profit of VND 11,505 million, increase sales output to 333,110 products and raise average labor income to VND 17,509 million/person/month. Specific measures include boosting production and business, optimizing capital construction investment plans and improving operational efficiency, to ensure sustainable development in the coming time..

The General Meeting of Shareholders of Viglacera Thanh Tri Ceramic Joint Stock Company ended in an exciting atmosphere with absolute consensus, when 100% of the shares with voting rights approved the presented contents. This result not only demonstrates the shareholders' confidence in the Company's orientation but also motivates the business to continue to strive, overcome challenges and move towards new achievements in 2025.