On the morning of June 10, Viglacera Corporation – JSC (Ticker: VGC) successfully convened its 2025 Annual General Meeting of Shareholders (AGM). \/em>\/p>\n
The meeting saw the participation of shareholders representing over 415.6 million shares, equivalent to 92.7% of the total voting shares, including both in-person and proxy attendees.\/p>\n
Overview of Viglacera’s 2025 Annual General Meeting of Shareholders\/em>\/figcaption>\/figure>\n
2024: A Year of Resilient Growth\/strong>\/p>\n
During the meeting, Mr. Tr\u1ea7n Ng\u1ecdc Anh, Board Member and Deputy General Director of the Corporation, presented the 2024 performance report. Despite facing challenges such as a slowdown in construction material demand, severe natural disasters, and global economic uncertainties, Viglacera remained agile and proactive. Through strong and effective measures, the company surpassed its business targets. Consolidated net revenue reached VND 11,906 billion, while consolidated pre-tax profit hit VND 1,630 billion-47% higher than the approved plan. The dividend payout ratio stood at 22%, exceeding the original target by 2%.\/p>\n
These impressive results reflect Viglacera\u2019s ability to maintain stable growth throughout 2024, laying a solid foundation for its next development phase.\/p>\n
Ambitious 2025 Targets: VND 14,437 Billion in Revenue and VND 1,743 Billion in Profit\/strong>\/p>\n
Presenting on behalf of the Board of Directors, Mr. Nguy\u1ec5n Tr\u1ecdng Hi\u1ec1n outlined Viglacera\u2019s 2025 strategy, which the AGM approved. The key targets include consolidated net revenue of VND 14,437 billion and consolidated pre-tax profit of VND 1,743 billion-up 21% and 7%, respectively, from 2024. A 22% dividend payout will also be maintained, ensuring shareholder returns.\/p>\n
Mr. Hi\u1ec1n emphasized priorities such as executing divestment plans; implementing the corporation\u2019s restructuring strategy, particularly streamlining the management model at the parent company; developing both domestic and export markets; and building new market strategies, organizational models, and tailored sales teams for each product segment.\/p>\n
Viglacera will continue to drive internal reforms in governance from the parent company to subsidiaries, aiming to overcome challenges and enhance operational efficiency. The 2025 plan will be continuously reviewed and adjusted in response to market dynamics, minimizing risks while staying grounded in reality.\/p>\n
The meeting also featured open, transparent discussions, with shareholders contributing constructive input to help ensure successful plan execution in a fast-evolving economic environment-especially in light of new retaliatory trade measures from the U.S.\/p>\n
Navigating Global Challenges, Attracting Strategic Investors\/em>\/p>\n
Speaking with shareholders, Mr. Tr\u1ea7n Ng\u1ecdc Anh noted that traditional investors from markets like South Korea, Japan, Taiwan, Hong Kong, and other parts of Asia are re-evaluating new project investments. However, Viglacera has proactively followed tariff negotiations between the two governments and engaged directly with international associations and investors. These efforts help identify concerns, assess market sentiment, and deliver timely, supportive solutions to maintain investor competitiveness.\/p>\n
Currently, Viglacera is focused on attracting investors less affected by the new tax policies while upgrading infrastructure and public utilities. The \u201cone-stop\u201d service model is being expanded, and worker housing near industrial parks (IPs) is also being promoted to provide peace of mind for long-term investors.\/p>\n
In 2025, Viglacera plans to develop new industrial parks in strategically located areas with robust infrastructure and investment appeal. The company will also accelerate digital transformation, improve environmental quality in IPs through smart, green technologies, and work toward building integrated eco-industrial cities.\/p>\n
Securing New Revenue Streams and Enhancing Product Value\/em>\/p>\n
In a shareholder Q&A session, Mr. Nguy\u1ec5n Anh Tu\u1ea5n, CEO of Viglacera Corporation – JSC, reaffirmed the company’s efforts to develop new revenue sources that safeguard shareholder interests and support long-term growth.\/p>\n
In the building materials segment\/em>, Mr. Tu\u1ea5n shared that 2025 investments will focus on deep technology upgrades, increased automation, improved yield rates, and cost optimization across all production lines. These moves are designed to meet the growing demand in high-end markets, support exports, and replace imported products, especially high-value items like fire-resistant glass, solar control glass, anti-reflective glass, and other premium glass technologies.\/p>\n
Regarding concerns about the future of industrial real estate under U.S. retaliatory tariffs, Mr. Tu\u1ea5n assured shareholders that Viglacera is proactively leveraging its residential and urban development portfolio to establish new revenue channels.\/p>\n
Worker and Social Housing Development to Expand\/em>\/p>\n
For the social and worker housing segment, Viglacera will continue to develop integrated housing projects alongside existing industrial parks in H\u00e0 Nam, Ph\u00fa Th\u1ecd, Qu\u1ea3ng Ninh, B\u1eafc Ninh, H\u00e0 N\u1ed9i, and other areas with strong development potential.\/p>\n
The AGM also endorsed Viglacera\u2019s broader strategic direction. In 2025 and beyond, the corporation aims to strengthen its dual focus on building materials and real estate, transforming into a robust economic group. The company will streamline governance across sectors, enhance autonomy, and elevate strategic planning and performance oversight across all management levels.\/p>\n
Changes in Leadership: Strengthening the Board and Supervisory Committee\/strong>\/p>\n
The AGM approved the resignation of Mr. Nguy\u1ec5n V\u0103n Tu\u1ea5n from the Board of Directors and elected Mr. Tr\u1ea7n M\u1ea1nh H\u1eefu as a new board member. Mr. Nguy\u1ec5n Vi\u1ec7t Trung was also elected to the Supervisory Committee, replacing Mr. H\u1eefu, who stepped down to take on new responsibilities.\/p>\n
Viglacera has finalized the restructuring of its senior leadership within the Board of Directors.\/em>\/figcaption>\/figure>\n
Following the AGM, the Board convened and elected Mr. Tr\u1ea7n M\u1ea1nh H\u1eefu as Chairman of the Board of Directors for the 2024\u20132029 term, while Ms. Nguy\u1ec5n Th\u1ecb Th\u1eafm was elected Head of the Supervisory Committee.\/p>\n
Born in 1978, Mr. H\u1eefu holds a degree in finance and has extensive experience, including roles at the State Capital Investment Corporation (SCIC) and as the SCIC representative at Cam Pha Cement JSC. He was appointed Head of Viglacera\u2019s Supervisory Committee in April 2021 and was nominated again by the parent company GELEX Infrastructure JSC during the 2024 AGM.\/p>\n
With strong consensus and support, the AGM approved all reports, proposals, and key resolutions, setting the stage for a promising year ahead.\/p>\n
On the morning of June 10, Viglacera Corporation – JSC (Ticker: VGC) successfully convened its 2025 Annual General Meeting of Shareholders (AGM). The meeting saw the participation of shareholders representing over 415.6 million shares, equivalent to 92.7% of the total voting shares, including both in-person and proxy attendees. 2024: A Year of Resilient Growth During […]\/p>\n","protected":false},"author":22,"featured_media":11876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,63],"tags":[],"class_list":["post-11878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events","category-news-en"],"yoast_head":"
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