Vietnam’s first ultra-clear float glass factory built

Those who seek employment are required to register at Hanoi’s Job Generation Centres and those who want to apprentice can register directly with the Hanoi Department of Labour, Invalids and Social Affairs. Hanoi has asked banks to create the best possible conditions for workers returning home from Libya to clear their debts within two years. Many domestic businesses have employed a large number of workers coming back from Libya. The Khang Thong Group has recruited 10,000 workers and VIGLACERA Corporation approximately 1,000 workers to work for its member companies. The Toan Phat Industry and Construction Joint Stock Company Topaco in Hanoi has also accepted around 40 engineers and project managers from Libya with monthly income from US$350-1,000, and 350 construction workers and welders with a monthly salary of US$200-250 each.... [read more]

The ship carrying the last group of 1,100 Vietnamese workers from Libya is scheduled to dock at Cai Lan port, Quang Ninh province, on April 4. 70 percent of the total 10,000 workers are aged 21-30 and half of them had worked in Libya for over one year. There are some 10 businesses in need of workers and the Department for Management of Overseas Workers has met with these companies and discussed recruitment procedures. Minister of Labour, Invalids and Social Affairs Nguyen Thi Kim Ngan said on March 9 that her ministry will ask labour supplying companies to create favourable conditions for workers from Libya to seek employment in different areas. Viglacera Corporation has recruited a number of guest workers from Libya. Phan Son Tung, aged 23, from Thai Nguyen province, is one of the lucky guest workers recruited by Viglacera. Tung said his parents had borrowed VND30 million and saved another VND10 million to send Tung to work in Libya as an electrical worker. However, after only two days in the ‘promising land’, he had to evacuate together with 400 other Vietnamese workers to Tunisia to avoid conflicts in Libya. When landing at Noi Bai International Airport in Hanoi, Tung was contacted by Viglacera staff, who later accepted him on two months’ probation with a monthly salary of VND2.6 million plus VND200,000 allowance for his accommodation. He also has free lunch at the company. Once becoming an official worker for Viglacera, Tung can earn a minimum wage of VND5…... [read more]

The five-day event was co-organised by the Ministry of Construction and the Vietbuild Construction International Exhibition Organisation Corporation. On display are a wide range of construction materials, interior design models, smart home systems, electronic equipment, sanitation solutions, and glass products. The Viglacera Corporation, Lotus Group, Hung Phu Thanh Aluminum Technology Co. Ltd, Phuc Khang Construction and Investment Corporation, and Eurowindow Joint Stock Company all number among the exhibition’s participants. A series of seminars relating to the building sector will also be held within the framework of the exhibition.... [read more]

Omar Mehsas, president of the chamber of commerce and industry of Constantine region, made the recommendation at a working session with Vietnamese Ambassador to Algeria Do Trong Cuong and Trade Counsellor Nguyen Van Mui in Constantine city on April 20. He said Algerian businesses want to learn from Vietnam’s experience in developing its strong areas such as construction, farm produce and seafood processing, garment, and oriental medicine manufacturing. Ambassador Cuong spoke of Vietnam’s strengths in construction, construction materials and labour, and asked the Algerian side for consideration. Representatives of the Algerian employers at the meeting said they will discuss the proposal in detail with the Vietnam’s Viglacera Corporation when this corporation is to attend an international construction exhibition in Algiers in May. At a meeting with the mayor of Constantine, Noureddine Bedoui, Cuong thanked the Algerians for supporting Vietnamese labourers in the city and asked the local administration to continue this assistance so as to contribute to enhancing the traditional friendship between the two nations. The ambassador later went to a construction site on the east-west highway to encourage the Vietnamese labourers working there. Constantine is 430 kilometres from the Algerian capital Algiers and it has significant economic relations with Vietnam, which attracts many Vietnamese labourers.... [read more]

Among the honoured enterprises, 20 were awarded gold, while the remainder received silver, revealed Tran Van Vinh, Deputy Director of Directorate for Standards, Metrology and Quality (STAMEQ). Many businesses have developed their trademark in the market by providing high quality products to consumers including Viglacera Corporation, Bac Giang Chemical And Fertilizer Co Ltd, Binh Dien Fertilizer Joint Stock Company, and Military Joint Stock Commercial Bank (MB). In addition, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Traphaco Joint Stock Company were presented with the Global Performance Excellence Award (GPEA) by the Asia-Pacific Quality Organisation (APQO). The National Quality Awards aim to honour outstanding enterprises and organisations for their significant achievements in product quality, business operations and services. The event also provided an excellent opportunity for Vietnamese companies to sharpen their competitive edge, strengthen capacity and boost international integration.... [read more]

Hanoi (VNA) – Construction material manufacturer Viglacera Corporation on December 22 listed more than 65 million shares worth over 650 billion VND (28.2 million USD) on the Hanoi Stock Exchange (HNX), under the code VGC. The reference price of each share was 15,600 VND. Chairman of Viglacera’s board of directors Luyen Cong Minh said after making the initial public offering (IPO) more than one year ago, Viglacera listed shares on the Unlisted Public Company Market (UPCoM). On December 13, VGC shares were traded at 15,900 VND (0.69 USD). Viglacera, operating in construction materials and real estate, currently has 3.07 trillion VND (133.4 million USD) in charter capital, of which 78.82 percent is owned by the State, 9.16 percent by foreign stakeholders and 12.02 percent by domestic individuals and units. Throughout 42 years of operation, Viglacera has become the leading construction material maker in the domestic market and shipped products to more than 40 countries and territories worldwide. It is also the largest investor in industrial parks in the northern region.. Between 2015 and 2020, the corporation aims for an annual growth of 10-20 percent in major production lines. Nguyen Thanh Long, Chairman of the HNX Board of Directors, said one year since the successful listing on UPCoM, Viglacera’s capitalization has surged 75 percent. VGC is the 167th listed on the HNX this year, he said.-VNA... [read more]

In a move to attract new investment capital, the Viglacera Corporation will change its listing from the Unlisted Public Company Market (UPCoM) to the Hanoi Stock Exchange (HNX) on December 22 and trade under the code VGC. With a par value of VND10,000 ($0.44) per share, its more than 65 million shares will be valued at VND650 billion ($28.56 million). The starting price will be VND15,600 ($0.69) on the first day of trade on HNX. Last July the Ministry of Construction (MoC), which holds 91.49 per cent of Viglacera, auctioned 11.34 per cent of its shares for VND418 billion ($19 million). The divestment attracted much attention from foreign investors, who purchased 15.5 million shares out of the total of 30 million floated on July 28, according to HNX. The average bid price was VND13,923 ($0.63) against an initial price of VND11,700 ($0.53). As of now, the State, via MoC, remains a majority shareholder in Viglacera, with 78.82 per cent, while foreign shareholders have 9.16 per cent and domestic shareholders 12.02 per cent. Its charter capital is registered at VND3.07 trillion ($134.9 million). On December 13 Viglacera’s shares closed at VND15,900 ($0.7), up VND5,300 ($0.23) since being first traded on UPCoM. With 42 years in business, Viglacera operates in two major sectors: construction materials and real estate. It has been the leading enterprise in the domestic construction materials market and the biggest investor of industrial zones in Vietnam’s northern region. Despite being known for products such as sanitary ware, ceramic and…... [read more]

The joint venture of Viglacera Corporation-JSC (Viglacera) and Cuban El Grupo Empresarial Industrial de la Construccion (Geicon) is expected to start operation in early 2017 with the chartered capital of $39.86 million. The two parties will contribute 50 per cent each. Once the joint venture is established, it will produce ceramics, sanitary wares, and tiles to meet the demand for construction materials in Cuba and Latin America. Viglacera and Geicon are now working on completing the feasibility study that has to be submitted to both governments for approval. Geicon will be in charge of building raw material exploitation plans to ensure smooth operations as well as the consumption plan in its domestic market. According to the plan, 70 per cent of the joint venture’s output will be consumed on Cuba and the rest will be exported. In October 2014, the two sides signed a Memorandum of Understanding (MOU) to set up the joint venture to produce bathroom fixtures and tiles in San Jose and Santa Cruz. The Cuban market has a high demand for construction materials as the country is encouraging investment in housing and tourism infrastructure. Since early 2014, Viglacera has sent two groups of technology specialists to work with construction material factories in the country. Geicon, under the Cuban Ministry of Construction, is comprised of 24 companies with a combined workforce of 16,000 people and annual sales revenue of more than 220 million pesos ($8.3 million). Regarding Viglacera, established in 1974, the company has developed from a traditional…... [read more]

Viet Nam News HÀ NỘI - Viglacera Corporation, a construction materials producer in Việt Nam, is entering into a joint venture partnership with Cuban giant developer Geicon, to manufacture building materials in the Caribbean island nation. The joint venture will have a charter capital of US$39.86 million, and capital contribution will be 1:1. The two sides are now working on completing a feasibility study report that has to be submitted to both governments for approval. Geicon will be in charge of raw materials exploitation and transportation plans to ensure smooth operations and sales in the domestic market, which is estimated to buy 70 per cent of output; the rest will be exported. Viglacera will upgrade its two existing ceramics and sanitary ware plants and invest in building two more, four years after the joint venture is operational. - VNS... [read more]

The Hanoitimes - Making his speech at a meeting on the social housing development in Hanoi on December 7, Prime Minister Nguyen Xuan Phuc highly appreciated the achievements of Hanoi in developing social housing projects for workers. Prime Minister (PM) Nguyen Xuan Phuc chaired an national online meeting on social housing development in Hanoi on December 7. Prime Minister Nguyen Xuan Phuc chairs the conference. Deputy PMs Trinh Dinh Dung and Vu Duc Dam attended the conference. Addressing the meeting, the PM stressed that the social housing development is the responsibility of the State, the society and people. The Government stressed the need to develop low-cost housing for workers, an urgent problem today, and shared the Government’s worry about the issue when 1.5 million workers, especially those working in industrial parks (IPs), are in need of housing. He said besides investment from the State budget, owners of IPs are also responsible for building houses for their workers. Successful social housing development models should be multiplied across the country, he noted. PM Phuc urged all localities to soon devise specific policies on social housing development. The project is accompanied by synchronous support facilities such as nurseries, kindergartens, sporting areas, restaurants, and supermarkets, along with greenery. Delivering his speech at the conference, Vice Chairman of Hanoi People's Committee Nguyen The Hung said the city has implemented sucessfully the social housing project of Dang Xa in Gia Lam district. The Vice Chairman noted that the social housing project of Dang Xa which was…... [read more]

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