The New Chairman of Viglacera’s Portrait

Following the 2025 Annual General Meeting of Viglacera Corporation – JSC (Viglacera – Stock Code: VGC), the company has completed its personnel restructuring.

Accordingly, Mr. Tran Manh Huu was elected as a member of the Board of Management for the term 2024-2029. Subsequently, the members of Viglacera’s Board of Management unanimously voted for Mr. Huu to assume the position of Chairman of the Board of Management for the term 2024-2029, effective June 10th.

Prior to his election to the Board of Management, Mr. Tran Manh Huu served as the Head of the Supervisory Board of Viglacera since April 2021. Mr. Huu, born in 1978, holds a Bachelor of Economics and previously worked at the State Capital Investment Corporation (SCIC) during 2008-2021. Mr. Huu currently does not hold any shares in Viglacera.

Previously, Mr. Nguyen Van Tuan had submitted his resignation from the position of Board member, which was approved by the General Meeting. In his resignation letter, Mr. Tuan cited his reason as focusing on other work plans.

At the General Meeting, Ms. Nguyen Thi Tham was elected as the new Head of the Supervisory Board, replacing Mr. Huu. Mr. Nguyen Viet Trung, former Deputy Head of Internal Audit, was also appointed as a member of the Supervisory Board.

The General Meeting also approved the remuneration for the Board of Management and Supervisory Board for 2024. Specifically, the five members of VGC’s Board of Management received a monthly remuneration/salary of VND 108 million per person. The Head of the Supervisory Board received VND 92.67 million per month, while the two other members received VND 69.5 million per month.

In 2024, Viglacera’s parent company achieved a pre-tax profit of VND 1,481 billion, exceeding the plan by 35%. Therefore, the members of the Board of Management, the General Director, and the Chief Accountant are expected to receive a bonus of 1.5 months’ worth of their average remuneration/salary.

Viglacera plans to maintain the same level of remuneration for the Board of Management and Supervisory Board in 2025 as in 2024.

For 2025, Viglacera aims for growth with a consolidated revenue target of VND 14,437 billion, a 21% increase compared to 2024. The expected consolidated pre-tax profit is VND 1,743 billion, a 7% increase compared to the previous year.

This year, the company will focus on sales and land leasing at industrial parks such as Thuan Thanh, Phong Dien, Tien Hai, Dong Mai, and Song Cong II – Phase 2.

Additionally, Viglacera is in the process of surveying and proposing the establishment of new industrial parks in several localities. These include the Phu Ninh Industrial Park with an area of approximately 400 hectares and the Bac Son Industrial Park with 200 hectares in Phu Tho province; the expansion of Dong Mai Industrial Park by 150 hectares in Quang Ninh province; the Tay Pho Yen Industrial Park with 500 hectares in Thai Nguyen province; the Industrial Park No. 1 in Hung Yen province with 230 hectares; the expansion of Tien Hai Industrial Park by 240 hectares in Thai Binh province; the Hoa Lac Industrial Park with 223 hectares, and the Huu Lung Industrial Park with 500 hectares in Lang Son province; and the industrial-urban-service park in Luong Tai, Bac Ninh with an area of 500 hectares.

In the field of social housing and housing for workers, Viglacera will continue to develop integrated residential areas in existing industrial parks such as Dong Van IV, Phu Ha, Dong Mai, and Yen Phong, as well as the Kim Chung social housing project (CT3, CT5).

Furthermore, the company will initiate investment preparations in Tien Hai Industrial Park – Thai Binh with an area of 5.2 hectares and Phu Ha Industrial Park – Phu Tho with 8.4 hectares.

Viglacera is also participating in the selection process for investors to implement the social housing project in Tien Duong – Dong Anh – Hanoi through a joint venture model.