VIGLACERA CORPORATION - JSC

VIGLACERA CORPORATION - JSC (TỔNG CÔNG TY VIGLACERA - CTCP) is a publicly held joint stock company specializing in construction materials manufacturing and real estate investment. Established on October 1, 2010, the company is registered under Business ID 0100108173 and is headquartered in Hà Nội, Vietnam. With 6,600 employees and branches across major cities such as Đà Nẵng, Bình Dương, and Hồ Chí Minh City, Viglacera is a leading player in Vietnam’s construction sector, supplying sanitary wares, ceramic tiles, terracotta bricks, and high-quality glass while also developing and managing industrial parks and urban projects.

As of 2023, total assets reached USD 990.11 million, reflecting a 4.97% increase from 2022, while equity grew by 4.83% to USD 391.29 million, indicating stable financial expansion. However, sales revenue declined by 9.58% to USD 542.04 million, and net profit dropped significantly by 39.25% to USD 47.75 million, suggesting weakened market demand or higher production costs. Despite this, working capital surged by 371.43% to USD 31.54 million, ensuring short-term liquidity and operational stability.

The company is owned by GELEX Infrastructure Joint Stock Company, Vietnam’s Ministry of Construction and other shareholders. This partially state-owned structure ensures government backing, while allowing private sector influence in strategic decision-making. VANGUARD BUSINESS INFORMATION (VBI) confirms that Viglacera maintains compliance with financial regulations and corporate governance standards, ensuring transparent operations and investor confidence.

Big Questions About VIGLACERA and Its Industry

1. How can Viglacera sustain profitability in a declining construction materials market, and what strategies should it adopt to counter sales revenue drops?
2. As Vietnam pushes for sustainable building practices, how can Viglacera innovate its product line to meet the growing demand for eco-friendly construction materials?
3. With increasing competition from foreign manufacturers, how can Viglacera maintain its market dominance and expand its presence in global markets?
4. How will changes in government policies on real estate and infrastructure development impact Viglacera’s industrial park investments and long-term growth?
5. Given the profit slowdown, should Viglacera focus more on real estate development rather than manufacturing or seek new business diversification opportunities?

With strong government ties, a well-established market position, and a diversified business model, Viglacera remains a crucial player in Vietnam’s construction and real estate industry. However, VBI’s industry insights suggest that adapting to new market trends, managing production costs, and exploring international expansion will be key factors in ensuring its long-term success.