bao bong da soViglacera: Achieved highly increasing profits in 06 first months in 2019

As the rate in profit in the first 6 months bao bong da so 2019 reached 102% bao bong da so the plan, increased by 15% over the same period in 2018, through decisive, effective and creative directions, the year 2019 promisingly continues to be a successful year bao bong da so Viglacera Corporation - JSC in the key field bao bong da so manufacturing and trading construction materials and real estate in Vietnam.

On 9 July 2019, at the Conference on assessing production and business activities in the first 6 months bao bong da so 2019 and deploying production and business objectives in the third quarter - the last 6 months bao bong da so 2019, all production sectors underwent Stable and comprehensive development, achieving the planned targets. Especifically, the accumulated profit before tax from production and business activities in the first 6 months bao bong da so 2019 bao bong da so the whole Corporation was 613.2 billion VND, reaching 102% compared to the six-month plan, increased by 15% over the same period bao bong da so 2018. In which , The parent company still takes the leading role with the profit bao bong da so the first 6 months, equivalent to 422.1 billion VND (accounting for 69% bao bong da so the total profit bao bong da so the Corporation).

Overview bao bong da so the Conference bao bong da so evaluating production and business activities in the first 6 months bao bong da so 2019

Having obtained the above results, the Corporation has focused on the main works such as: Maintaining stable production bao bong da so construction materials; improving and enhancing quality, product models; expanding domestic and foreign markets; in addition; making good advantages bao bong da so industrial-park-leasing in the field bao bong da so real estate, anticipating the wave bao bong da so foreign investment into Vietnam, and investing in infrastructure bao bong da so new industrial parks such as Yen Phong II-C, Yen My which will be put into operation soom, etc.

In particular, leaders bao bong da so the Corporation have also strengthened administration activities for its subsidiary units by visiting factories directly, closely commanding, sticking to work contents to maximize available supports to production units. For instance, synchronously deploying market solutions to improve competitiveness bao bong da so products that are under difficulties such as construction glasses, ceramic tiles, clay bricks; developing new product models, promoting market development activities - especially export markets to reduce competition pressure in the domestic market, etc.

Mr Nguyen Anh Tuan - Deputy General Director, Director bao bong da so Planning and Investment Department presents the evaluation report bao bong da so the first 6 months bao bong da so 2019

Along with high quality human resources, and possession bao bong da so many modern, advanced technologies in the fields bao bong da so production and business, the Corporation has mustered its strengths and high competitive advantages in the domestic and international market. The presence bao bong da so Viglacera in Vi-mariel special economic zone (Cuba); conlcusion bao bong da so contracts worth millions bao bong da so dollars to export ALC panels to Singapore, etc. has been a clear evidence for Viglacera's outstanding efforts so far. This is also a foundation for Viglacera to continue asserting its strengths in producing construction materials and investing in real estate and industrial park infrastructure.

Another event was the Annual General Meeting bao bong da so Shareholders bao bong da so Viglacera Corporation - JSC held in late June 2019. The success bao bong da so the General Meeting bao bong da so Shareholders in 2019 and the introduction bao bong da so the new Board bao bong da so management marked a major transformation bao bong da so Viglacera, which is officially operated as a private enterprise. As a result, many positive changes, fair competition environment in the market are expected.

Mrs Pham Ngoc Bich - Head bao bong da so the Supervisory Board reports operation plan bao bong da so the Supervisory Board in the third quarter and the last 6 months bao bong da so 2019

To ensure the completion and outperformance bao bong da so the Third Quarter Plan, the plan for the last 6 months bao bong da so 2019: In the field bao bong da so construction materials, the Corporation will focus on directing the investment and development bao bong da so the domestic market and export markets. For ceramic tiles, sanitary wares, showers, the company will focus on producing new products and high-value products to improve competitiveness. Deploying effective solutions to meet business targets bao bong da so Viglacera My Xuan Porcelain Factory and Viglacera Autoclaved-Aerated-Concrete factory. For the field bao bong da so real estate, compensation, site clearance, investment in technical infrastructure bao bong da so existing industrial parks continue to be promoted, which generates clean land fund, satisfies needs bao bong da so leasing land from secondary investors. Expediting up the progress bao bong da so social housing projects in Dong Anh and in the IPs bao bong da so the Corporation.

Mr Nguyen Van Tuan - Chairman bao bong da so Viglacera Corporation directed at the Conference

Appreciating the results bao bong da so production and business activities bao bong da so the Corporation in the first 6 months bao bong da so 2019, Mr Nguyen Van Tuan - Chairman bao bong da so the Board bao bong da so Management demanded subsidiary units continue to promote efficiency, strive to complete main targets in 2019. As a major shareholder bao bong da so Viglacera, Chairman Nguyen Van Tuan said, “With the similarities in the field bao bong da so production industry and development - investment orientations; To accompany with Viglacera's development is the right direction. The Corporation will maintain and develop in accordance with the orientation and core activities bao bong da so Viglacera; maintain and ensure life and jobs for employees, generate high quality and stable human resources to meet the needs for development bao bong da so Viglacera”.

Mr Nguyen Anh Tuan - General Director bao bong da so Viglacera Corporation directs at the Conference

Facing new challenges and opportunities, Mr Nguyen Anh Tuan - General Director bao bong da so the Corporation affirmed that the current operation model bao bong da so Viglacera with two section - construction materials and real estate is sustainable; this mutual complement enables the Corporation to overcomes all difficulties. However, this is the time when Subsidiary Units need to focus on restructuring human resources, recruitment, training and developing high quality human resources to match the model and sustainable development bao bong da so the Corporation. Determining the commercial business is the key issue bao bong da so each company, the General Director required directors bao bong da so the subsidiary units to directly engage in business and export activities, concentrate on improving the quality bao bong da so business officers, professional sales-skill. For real estate section, units need to focus on compensation and site clearance in existing IPs, continue seeking for investment in new IPs to meet demands from increasing numbers bao bong da so foreign investors. In industrial parks, it is necessary to build social housing to solve accomodation problems for employees working in enterprises in the industrial park, and units under building materials Group need to develop quality bao bong da so products synchronously and compatibility between product model and construction itself. The private-company model shall allow equality in competition and development, maximizing the internal strength bao bong da so the enterprise.

Other activities in the Conference: