On the morning of May 6, 2024, Viglacera held a monthly meeting to assess preliminary production and business activities for April 2024 and to discuss the production and business plan and key tasks for May 2024.
Full view of the meeting
In April, Viglacera consolidated profit reached VND 29.2 billion. Accumulated profit in the first four months of the year is estimated to reach 31% of the annual plan, an increase of VND 143.5 billion compared to the same period in 2023.
Industrial Park (IP) real estate continues to be a bright spot
Total revenue from the real estate business segment in April is estimated to reach VND 267 billion, achieving 101% of the monthly plan. This demonstrates the stability and development potential of this field in Viglacera’s business strategy.
The direction from the Board of Directors and the Executive Board is to continue to focus resources and more vigorously implement land acquisition and clearance work, invest in IP infrastructure, ensure construction progress and meet market demand, and expand new land funds to enhance value.
At the same time, apply green and smart standards to the next IP projects with core objectives incorporated into the action plan.
Continue to focus on improving the efficiency of construction materials production
Recognizing the common difficulties of the real estate market, Viglacera has developed appropriate response strategies to maintain growth momentum and ensure business efficiency. Viglacera’s leadership has directed the business team to regularly monitor market developments, update customer needs to coordinate with factories to establish and adjust production and business plans accordingly; Strengthen coordination between production and business units to ensure the supply of goods, focus on promoting sales activities, and ensure operating cash flow.
In addition, Viglacera has implemented specific measures such as controlling costs and reducing production costs to optimize performance and profit. Focus on expanding the consumption market, especially in regions such as the Central and Southern regions in Vietnam. In a period of market difficulties, the Corporation’s leadership also directed the focus on internal management work to ensure flexible, effective business operations and compliance with legal regulations.
Also in April, Viglacera urged and supervised the implementation of the Annual Shareholders’ Meeting and Annual Conference of Employees of member companies and associates. On the basis of the key tasks set out, the Corporation will focus on implementing specific solutions for each field and prepare to organize the Corporation’s Annual General Meeting of Shareholders at the end of this May.
