Viglacera: Achieved highly increasing profits in 06 first months in 2019

As the rate in profit in the first 6 months of 2019 reached 102% of the plan, increased by 15% over the same period in 2018, through decisive, effective and creative directions, the year 2019 promisingly continues to be a successful year of Viglacera Corporation - JSC in the key field of manufacturing and trading construction materials and real estate in Vietnam.

On 9 July 2019, at the Conference on assessing production and business activities in the first 6 months of 2019 and deploying production and business objectives in the third quarter - the last 6 months of 2019, all production sectors underwent Stable and comprehensive development, achieving the planned targets. Especifically, the accumulated profit before tax from production and business activities in the first 6 months of 2019 of the whole Corporation was 613.2 billion VND, reaching 102% compared to the six-month plan, increased by 15% over the same period of 2018. In which , The parent company still takes the leading role with the profit of the first 6 months, equivalent to 422.1 billion VND (accounting for 69% of the total profit of the Corporation).

Overview of the Conference of evaluating production and business activities in the first 6 months of 2019

Having obtained the above results, the Corporation has focused on the main works such as: Maintaining stable production of construction materials; improving and enhancing quality, product models; expanding domestic and foreign markets; in addition; making good advantages of industrial-park-leasing in the field of real estate, anticipating the wave of foreign investment into Vietnam, and investing in infrastructure of new industrial parks such as Yen Phong II-C, Yen My which will be put into operation soom, etc.

In particular, leaders of the Corporation have also strengthened administration activities for its subsidiary units by visiting factories directly, closely commanding, sticking to work contents to maximize available supports to production units. For instance, synchronously deploying market solutions to improve competitiveness of products that are under difficulties such as construction glasses, ceramic tiles, clay bricks; developing new product models, promoting market development activities - especially export markets to reduce competition pressure in the domestic market, etc.

Mr Nguyen Anh Tuan - Deputy General Director, Director of Planning and Investment Department presents the evaluation report of the first 6 months of 2019

Along with high quality human resources, and possession of many modern, advanced technologies in the fields of production and business, the Corporation has mustered its strengths and high competitive advantages in the domestic and international market. The presence of Viglacera in Vi-mariel special economic zone (Cuba); conlcusion of contracts worth millions of dollars to export ALC panels to Singapore, etc. has been a clear evidence for Viglacera's outstanding efforts so far. This is also a foundation for Viglacera to continue asserting its strengths in producing construction materials and investing in real estate and industrial park infrastructure.

Another event was the Annual General Meeting of Shareholders of Viglacera Corporation - JSC held in late June 2019. The success of the General Meeting of Shareholders in 2019 and the introduction of the new Board of management marked a major transformation of Viglacera, which is officially operated as a private enterprise. As a result, many positive changes, fair competition environment in the market are expected.

Mrs Pham Ngoc Bich - Head of the Supervisory Board reports operation plan of the Supervisory Board in the third quarter and the last 6 months of 2019

To ensure the completion and outperformance of the Third Quarter Plan, the plan for the last 6 months of 2019: In the field of construction materials, the Corporation will focus on directing the investment and development of the domestic market and export markets. For ceramic tiles, sanitary wares, showers, the company will focus on producing new products and high-value products to improve competitiveness. Deploying effective solutions to meet business targets of Viglacera My Xuan Porcelain Factory and Viglacera Autoclaved-Aerated-Concrete factory. For the field of real estate, compensation, site clearance, investment in technical infrastructure of existing industrial parks continue to be promoted, which generates clean land fund, satisfies needs of leasing land from secondary investors. Expediting up the progress of social housing projects in Dong Anh and in the IPs of the Corporation.

Mr Nguyen Van Tuan - Chairman of Viglacera Corporation directed at the Conference

Appreciating the results of production and business activities of the Corporation in the first 6 months of 2019, Mr Nguyen Van Tuan - Chairman of the Board of Management demanded subsidiary units continue to promote efficiency, strive to complete main targets in 2019. As a major shareholder of Viglacera, Chairman Nguyen Van Tuan said, “With the similarities in the field of production industry and development - investment orientations; To accompany with Viglacera's development is the right direction. The Corporation will maintain and develop in accordance with the orientation and core activities of Viglacera; maintain and ensure life and jobs for employees, generate high quality and stable human resources to meet the needs for development of Viglacera”.

Mr Nguyen Anh Tuan - General Director of Viglacera Corporation directs at the Conference

Facing new challenges and opportunities, Mr Nguyen Anh Tuan - General Director of the Corporation affirmed that the current operation model of Viglacera with two section - construction materials and real estate is sustainable; this mutual complement enables the Corporation to overcomes all difficulties. However, this is the time when Subsidiary Units need to focus on restructuring human resources, recruitment, training and developing high quality human resources to match the model and sustainable development of the Corporation. Determining the commercial business is the key issue of each company, the General Director required directors of the subsidiary units to directly engage in business and export activities, concentrate on improving the quality of business officers,  professional sales-skill. For real estate section, units need to focus on compensation and site clearance in existing IPs, continue seeking for investment in new IPs to meet demands from increasing numbers of foreign investors. In industrial parks, it is necessary to build social housing to solve accomodation problems for employees working in enterprises in the industrial park, and units under building materials Group need to develop quality of products synchronously and compatibility between product model and construction itself. The private-company model shall allow equality in competition and development, maximizing the internal strength of the enterprise.

Other activities in the Conference: