Viglacera’s strategic restructuring towards sustainable development goals is well-prepared and goes beyond operational reforms. It embraces a transformation aligned with international standards, solidifying its market leadership. Viglacera continues to pioneer with its green building materials, automated production, smart industrial park model, energy conservation, and emission reduction, along with synchronized technical infrastructure, social infrastructure, and worker housing.
Business Efficiency – A Solid Foundation for Breakthrough
The 2024 financial snapshot showcases Viglacera’s resilience during the pre-restructuring phase. Consolidated revenue reached VND 11,906 billion, with pre-tax profits hitting VND 1,630 billion, surpassing the set plan by 47%. This performance is impressive, given the challenges faced by the construction materials industry. Dividends were distributed at 22%, 2 percentage points higher than the commitment made to the General Meeting of Shareholders. These achievements were made amidst a sharp decline in construction material consumption and the real estate market’s prolonged slump.
Notably, nearing the VND 1,200 billion export revenue milestone signaled the company’s robust recovery and opened up vast growth opportunities for the future. These outcomes establish a stable financial foundation for confidently implementing the new strategy.
Green Building Materials and Automation Technology
Viglacera’s commitment to sustainable development is evident in its ecosystem of green, smart, and energy-efficient construction materials, applicable to all projects. This includes clay-fired bricks with vein patterns, PVD-coated faucets, smart and water-saving sanitary ware, tiles that mimic natural materials, aerated concrete that replaces traditional clay-fired products, and energy-saving glass, to name a few.
Viglacera signs a strategic cooperation agreement with SACMI IMOLA Group (Italy) to enhance collaboration and investment, creating opportunities for advanced European technology transfer and training.
In 2025, the company will continue to invest in core technologies, including automated production lines, robotic glaze spraying systems, high-pressure presses for sanitary ware, and technological advancements in the glass industry, such as fire-resistant, smart, anti-reflective, and energy-saving double-silver glass. These initiatives optimize resources and production processes, creating genuinely beneficial products for the market and the nation’s NetZero journey.
Besides targeting the domestic market, Viglacera focuses on export products that meet stringent requirements, constantly innovating in functionality and design. This criterion is challenging but aligns with global trends, and only by achieving it can Viglacera establish its position in international competition.
Viglacera consistently participates in trade promotion activities within the framework of exhibitions of leading high-end construction materials in the world.
Green and Smart Industrial Parks – Comprehensive Infrastructure and Services
In the real estate sector, Viglacera aims to develop industrial parks in 2025 in areas with infrastructure advantages, investment attraction potential, and efficient business operations, such as Bac Ninh, Phu Tho, Quang Ninh, Thai Nguyen, Hung Yen, Thai Binh, Lang Son, Yen Bai, and Khanh Hoa. This move is expected to increase the total industrial park land area to 6,000-7,000 hectares.
Viglacera currently owns 16 industrial parks in Vietnam and abroad, covering over 4,500 hectares and attracting USD 20 billion in investment.
With the set criteria, Viglacera is leading a new trend in developing green and smart industrial parks, seamlessly integrating industry, logistics chains, eco-cities, and comprehensive services. The company aims to create a harmonious living and working environment for experts, workers, and domestic and foreign investors, thereby enhancing FDI attraction and creating long-term surplus value for its assets instead of relying solely on land fund advantages. A sustainable foundation for the future is being established, with creative labor and the role of science and technology as core pillars.
Restructuring to Lead the Sustainable Development Trend
2025 marks the first year of Viglacera’s operation under the new strategic structure, with consolidated revenue and profit targets of VND 14,437 billion and VND 1,743 billion, respectively, and a maintained dividend rate of 22%. The Corporation’s orientation in the new phase is to become a leading group in Vietnam and the region in the field of construction materials and real estate development, integrating services, lean and specialized management, enhancing innovation capacity, and modern digital operation.
Viglacera’s transformation is meticulously planned, encompassing governance, financial, and product strategy foundations. It is one of the few domestic enterprises with a clear ESG strategy, approaching international standards through professional consulting, aiming to streamline both operational and developmental aspects.
The General Meeting of Shareholders of Viglacera Corporation completes the senior personnel work and commits to the restructuring process, aiming for sustainable development.
The Central Coastal Province: Unveiling the $1 Billion Swedish Investment for Vietnam’s Largest-Ever ‘Powerhouse’ Project
“At the Vietnam-Sweden Business Forum themed “Green Transition, Digital Transformation, and Innovation,” held in Stockholm, Sweden, Mr. Ho Quoc Dung, Member of the Party Central Committee and Secretary of Binh Dinh Provincial Party Committee, granted the Investment Registration Certificate for the “Polyester Fabric Recycling Complex Production” project to SYRE Impact AB.”
The Green Nghi Son Initiative: Uniting Businesses, Government, and Communities for a Sustainable Future
With a collaborative effort between businesses, government, and the community, the “Nghi Son Xanh” initiative is envisioned to bring about a paradigm shift in industrial development thinking. This shift prioritizes environmental preservation and sustainable growth alongside economic progress.
Proposed Development of a Free Trade Zone at Long Thanh Airport
The province of Dong Nai and the Vietnam Airports Corporation have joined forces to present a unified proposal to the Government for the development of a free trade zone encompassing the Long Thanh International Airport and its surrounding areas.
The Fastest-Growing Sector in Vietnam: International Report Cites $140 Billion
The digital economy of Vietnam is booming, experiencing an impressive growth rate of 20% annually.
The New Chairman of Viglacera’s Portrait
Mr. Tran Manh Huu has been elected as a Member of the Board of Directors for the term 2024-2029 and subsequently appointed as the Chairman of the Board, effective June 10th.
