2024 has been identified as the “Year of Action,” a year of breakthrough movements in all sectors of operation within Viglacera. This was the directive message from the Chairman of the Board of Directors and the General Director of Viglacera Corporation during the summary meeting of the first month of 2024.
During the meeting, positive signals regarding export activities from many major markets worldwide were reported. Alongside this, several areas were highlighted for restructuring efforts to ensure Viglacera continues to overcome challenges and grow.
“A robust investment, optimizing both technology and human resources”
Overview of the Meeting
The Chairman of the Board Directors of Viglacera Corporation, Mr. Nguyen Van Tuan, made a clear request: “We have products ready to enter the 5-star construction, so the criterion set for the production process is to continue improving, ensuring that the products are worthy of 5-star quality. Especially in these difficult times, we must focus even more on achieving that. At Viglacera, there will be no hesitation, no retreat; we must invest more aggressively in technology to achieve our goals.”
At the same time, the Chairman of the Board of Directors also demanded that the investment process of conversion and technology enhancement proceed swiftly and decisively, producing tangible results. Any area or activity deemed ineffective will be halted in order to seek other opportunities. Vigilance is crucial as we embark on the restructuring journey. He referred to this as the “boundary set by the Board of Directors,” which is also the boundary for preserving a strong and secure Viglacera in the face of potential long-term economic challenges.
The General Director of Viglacera Corporation, Mr. Nguyen Anh Tuan, also expressed determination in leading the management: “This is a period of optimizing both technology and human resources to maximize the value of the assets we have invested in!”! Regarding technology, the corporation has and will allocate resources from the Science and Technology Fund to support construction material factories to continue investing in upgrading equipment, especially breakthrough equipment for production, bringing higher efficiency while significantly reducing production costs, and laying the groundwork for competition on all three fronts: quality, design, and price! The General Director set clear expectations for some products that, after additional investment in production equipment, must reduce prices by 30% to 40%. Competing equations in both domestic and export markets depend heavily on this factor, so it will be included in the closely monitored management program.
