On the morning of January 15, 2025, Viglacera Corporation – JSC held a Conference to evaluate the performance of the 2024 production and business plan and deploy the 2025 plan tasks. Deputy Minister of Construction Bui Xuan Dung and many leaders of agencies under the Ministry attended, shared the joy and witnessed the moment when the Viglacera team officially took on the new year tasks of 2025.
In the official report to the Conference, Mr. Nguyen Duc Luyen – Director of the Corporation’s Planning and Investment Department also affirmed: Thanks to proactively making efforts to overcome all challenges and complicated developments of the global political and economic context, fierce competition in both domestic and export markets, and increasing trade barriers, Viglacera has responded flexibly, closely following market movements. Estimated results: The consolidated pre-tax profit of the whole Corporation reached VND 1,625 billion, exceeding 46% of the target set by the General Meeting of Shareholders. The consolidated pre-tax profit of the parent company reached VND 1,475 billion, exceeding the annual plan by 34%. The consolidated revenue of the whole Corporation is estimated at VND 11,925 billion.
The estimated pre-tax profit of the real estate sector reached VND 1,943 billion, of which the profit from industrial park business reached VND 1,361 billion, accounting for 70% of the total profit of the real estate sector. The construction materials sector also prospered when the ceramic tile and autoclaved aerated concrete groups this year both exceeded 153% and 466% of the profit plan, respectively.
In 2024, Viglacera has maintained stable growth, being the enterprise with the highest profit among the 6 enterprises with capital from the Ministry of Construction.
In real estate investment and business: A new model of green and smart industrial parks was activated by Viglacera at Thuan Thanh Eco-Smart IP, a 5-star resort hotel (Angsana Quan Lan Ha Long), put into operation in the island area is considered the new marine economic center of Quang Ninh province. Not only that, also in 2024 – the context of the real estate market still has many difficulties – Viglacera still added to its land fund an additional 839.04 hectares of industrial park land through the Government’s approval of the investment policy for 3 more industrial parks, respectively Doc Da Trang Industrial Park (Khanh Hoa province), Song Cong 2 Industrial Park – Phase 2 (Song Cong City – Thai Nguyen province) and Tran Yen Industrial Park – Phase 1 (Tran Yen district – Yen Bai province).
Chairman Nguyen Van Tuan said that Viglacera is showing its ability to adapt very quickly to market fluctuations. In 2025, Viglacera will invite strategic consultants to research and define the necessary steps for Viglacera in the future. Restructuring activities for sustainable business development and further development will be carried out. Digitalization and promotion of governance using modern technology will continue to have new steps. Regarding real estate, the focus will be on areas that are Viglacera’s strengths such as investment in developing industrial park infrastructure, commercial real estate and social housing. Investing in Cuba is considered an important task with goals such as preserving capital and promoting investment in biotechnology factories in 2025.
General Director of Viglacera – Mr. Nguyen Anh Tuan stated that following the Board of Directors’ approval of the business and production plan, the company’s leadership will promptly will assign to each business group and subsidiary. He also highlighted that the market is expected to show gradual improvement in 2025, supported by the implementation of new laws, regulations, and policies that are having a positive impact. This presents promising opportunities for both the real estate and building materials sectors.
Following the directives of the Chairman of the BOD and the General Director, companies within both the Real Estate and Building Materials divisions have acted on by signing sales agreements through cooperation contracts. These agreements clearly define the responsibilities of both production and business units.
