Viglacera Corporation - JSC held the first progress meeting of 2021

On January 4, 2021, Viglacera Corporation held a briefing meeting for the first month of 2021, evaluating the results of production and business in December and estimating the implementation for the whole year 2020. With the recorded results, the mother company has exceeded the profit target approved at the General Meeting of Shareholders.

Overview of the meeting at the beginning of the year 

By 2020, the entire Viglacera Corporation has successfully completed the main targets, estimated profit reached 115% of the plan, the mother company still shows a good leading role in maintaining and fulfilling the targets profit is estimated at 122% of the year plan.

The year 2020 is affected by the Covid-19 epidemic with complicated developments and storms and floods that have a direct impact on the consumer market of products. Therefore, the demand for construction decreases, the demand for construction materials decreases. The competitive pressure of the domestic market increased sharply, so businesses implemented policies to discharge inventories, recover capital, leading to a sharp drop in selling prices, affecting efficiency. Gasoline price movements have a time of sharp decline, which is a condition for the reduction of direct fuel costs as well as the reduction of input costs, production costs and prices. Besides, there are still opportunities for increasing product exports from the factor of trade competition between China - US leading to shifting of import supply from these markets to Vietnam; At the same time, the multilateral and bilateral free trade agreements (with Japan, Canada, the US, Europe, etc.) are the conditions for exporting products to these markets. 

Deputy General Director Nguyen Anh Tuan and Deputy General Director Nguyen Minh Khoa reported at the meeting 

With the right directions, specific objectives throughout the implementation process, the closely and drastically direction and administration of the leaders of the Corporation, the solidarity, attachment and high determination of the leaders, officers and employees of the whole Corporation, the results of the Corporation have successfully completed the tasks of the 2020 Business Plan approved by the General Meeting of the Corporation.

During the progress meeting, General Director Nguyen Anh Tuan directed to focus on expanding and investing strongly in the Southern market. The leading signs of prosperity of the Glass group have brought remarkable results on the investment here (Viglacera Float Glass Company in Binh Duong, Energy-Saving Glass Factory and recently Super Float Glass Factory white Phu My). The tiles group (Viglacera My Duc factory - Eurotile high-class brick brand), sanitary wares group (Viglacera Binh Duong ceramic factory and Viglacera My Xuan porcelain factory) provided the Southern market with rich and diversity products, supporting the Commercial Business to focusing on timely market expansion and efficiency. 

General Director Nguyen Anh Tuan directed at the meeting 

In the situation of the construction material market continuing to compete fiercely and the complicated developments of the epidemic globally in the next period, on the basis of the results achieved in 2020 and the key operating solutions, especially in production management, new product development, cost reduction ... and efficient cash flow operation, will be the foundation for the Corporation to continue to successfully implement the business plan in 2021 and the plan of 5 years phase 2021-2025. 

Some other pictures: 

​