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VIGLACERA TIEN SON JOINT STOCK COMPANY

Active

Business ID 2300317851

84-222 / 3839 390 / 3839 279

VIGLACERA TIEN SON JOINT STOCK COMPANY

Active

Business ID 2300317851

84-222 / 3839 390 / 3839 279

VIGLACERA TIEN SON JOINT STOCK COMPANY

Active

Summary

Name:

VIGLACERA TIEN SON JOINT STOCK COMPANY

Business ID (TIN):

2300317851

Date of Registration:

01 Nov 2007

Registered Office:

Bac Ninh Province Department of Planning and Investment

Ticker:

VIT

Address:

Tien Son Industrial Park, Hoan Son Commune, Tien Du District, Bac Ninh Province, Vietnam

Phone:

84-222 / 3839 390 / 3839 279

Financial Statement:

2020, 2021, 2022, 2023, 2024

Viglacera Tien Son Joint Stock Company (VIT) is a publicly held Vietnamese enterprise and one of the country’s leading manufacturers of ceramic tiles and refractory products. Established in 2007, the company operates under the Viglacera Corporation Group, a major industrial conglomerate in Vietnam’s construction materials industry. With more than 18 years of operational experience, VIT has become a key supplier to domestic and regional construction markets, recognized for its high quality ceramic and granite products.

In 2023, Viglacera Tien Son recorded total assets of USD 92.83 million and sales of USD 82.09 million, reflecting a slight 0.15% decline in revenue compared to 2022. Profit declined sharply to USD 3,507, primarily due to rising input costs and market slowdown; however, the company retained an equity level of USD 23.75 million, supported by a strong asset base and operational stability. Employing 955 staff, Viglacera Tien Son remains an essential player in Vietnam’s building materials and ceramic manufacturing industry.

As a publicly listed company on the Hanoi Stock Exchange (HNX) under the ticker VIT, the company upholds strict standards of corporate governance, transparency, and compliance.

Leadership and Shareholders

The company is chaired by M.X. Đức, who provides strategic oversight and corporate governance. Supporting him are Director Đ.H. Mậu, responsible for operations and production, and Deputy Director T.N. Minh, who manages technical development and process efficiency. Their leadership emphasizes continuous innovation, sustainability, and alignment with Vietnam’s construction growth trajectory.

Viglacera Corporation – JSC, headquartered in Hanoi, is the major shareholder, owning 51% of Viglacera Tien Son’s equity. The remaining 49% is held by other institutional and individual investors. This ownership structure ensures both strategic backing from one of Vietnam’s largest construction material conglomerates and diversified shareholder participation.

Given the company’s significant industry footprint and majority ownership by a state affiliated group, businesses engaging with Viglacera Tien Son should perform thorough due diligence. Vanguard Business Information LLC’s Business Verification Services offer critical insights into VIT’s corporate structure, governance practices, and credit profile, helping investors make secure and well informed decisions.

Financial Growth & Market Risks

In 2023, Viglacera Tien Son’s total assets increased by 2.37%, continuing a stable growth trend, while owner’s equity declined by 7.11% due to compressed margins and rising input costs. Although profitability contracted significantly, the company retains a solid asset foundation and a strong competitive position in Vietnam’s ceramic tile and refractory product market.

The company faces external risks associated with fluctuating raw material prices, energy costs, and construction demand cycles. Its integration within the Viglacera Group offers advantages in supply chain access and technological innovation, mitigating some of these market pressures. Vanguard Business Information LLC’s Risk Management Solutions enable investors and suppliers to assess VIT’s exposure to market volatility, debt sustainability, and financial resilience.

Business Intelligence and Risk Prediction

Based on current financial data and industry trends, Viglacera Tien Son Joint Stock Company is expected to maintain modest revenue stability in the short term, supported by Vietnam’s infrastructure recovery and sustained urban housing demand. Although profit margins are likely to remain narrow in 2024, the company’s strong asset position and institutional ownership ensure continued operational continuity.

What distinguishes Viglacera Tien Son Joint Stock Company is its integration within the Viglacera industrial ecosystem, granting access to advanced manufacturing technology, large-scale production networks, and established export channels. Its geographical advantage, with facilities in Bac Ninh and branches in both Hung Yen and Ho Chi Minh City, allows nationwide distribution and cost-efficient logistics coverage. Furthermore, the company’s technical expertise in refractory and high quality ceramic products positions it as a key supplier to Vietnam’s industrial and commercial construction sectors. Viglacera Tien Son’s combination of corporate backing, production capacity, and brand recognition ensures its enduring role as one of Vietnam’s most reliable ceramic manufacturers.

Vanguard Business Information LLC’s Business Intelligence Reports project gradual performance recovery as energy and logistics costs normalize. Investors should monitor profitability and equity performance closely, as improvements in these areas will be key to strengthening returns. The company’s adherence to governance standards and its connection with the Viglacera parent group provide a reliable foundation for long-term resilience in Vietnam’s construction materials industry.

Legal Profile

English Name:

VIGLACERA TIEN SON JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN VIGLACERA TIÊN SƠN

Short Name:

VIT

Business ID (TIN):

2300317851

Date of Registration:

01 Nov 2007

Registered Office:

Bac Ninh Province Department of Planning and Investment

Ticker:

VIT

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ MAI X.D

+ DOAN H.M

+ TRUONG N.M

Address:

Tien Son Industrial Park, Hoan Son Commune, Tien Du District, Bac Ninh Province, Vietnam

Phone:

84-222 / 3839 390 / 3839 279

Branch:

Tien Hai Industrial Park, Dong Chau Commune, Hung Yen Province, Vietnam

Branch:

My Xuan A Industrial Park, Phu My Ward, Ho Chi Minh City, Vietnam

Branch:

My Xuan A Industrial Park, Phu My Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2391 Manufacture of refractory products

NACE:

23.20 Manufacture of refractory products

Industry Sales Growth

CAGR (2019 - 2023)

7.19%

YoY (2023)

-2.13%

Companies by industry

Company distribution and propportions

565

0.0194%

Key Industry Players

Top 10 companies in manufacture of refractory products industry

viglacera tien son joint stock company burwitz refractory company dong nai granite tiles company limited novaref refractory development joint stock company jemmtec vietnam company limited thai nguyen refractory joint stock group company lua viet bestref joint venture company limited (translated name) viet hoang industrial investment company limited (translated name) viet nam lirr high temperature materials company limited asia vietnam development and investment corporation

Payment History

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Financial Performance

Assets	44.95%
Owner’s Equity	74.66%
Working Capital	23.63%
Net Worth	-73.98%
Sales	-80.77%
Operating income	-12.14%
EBIT	-30.29%
Gross Profit Margin	-78.61%
Debt to EBITDA	54.40%

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Litigation Records; Negative News

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Specific Questions About VIGLACERA TIEN SON JOINT STOCK COMPANY

When did VIGLACERA TIEN SON JSC start operating?

VIGLACERA TIEN SON JSC was started in 01 Nov 2007

What industry does VIGLACERA TIEN SON JSC operate in?

VIGLACERA TIEN SON JSC is operating in "Manufacture of refractory products" industry

How can I contact VIGLACERA TIEN SON JSC?

VIGLACERA TIEN SON JSC phone numbers is 84-222 / 3839 390 / 3839 279

What adverse news is there about VIGLACERA TIEN SON JSC?

VIGLACERA TIEN SON JSC’s has 1 bad news

What is stock symbol of VIGLACERA TIEN SON JSC?

VIGLACERA TIEN SON JSC’s stock symbol is VIT

Where is the location of VIGLACERA TIEN SON JSC?

VIGLACERA TIEN SON JSC is located at Tien Son Industrial Park, Hoan Son Commune, Tien Du District, Bac Ninh Province, Vietnam

What is VIGLACERA TIEN SON JSC’s business registration?

VIGLACERA TIEN SON JSC business registration is 2300317851

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VIGLACERA TIEN SON JOINT STOCK COMPANY

VIGLACERA TIEN SON JOINT STOCK COMPANY

VIGLACERA TIEN SON JOINT STOCK COMPANY

Leadership and Shareholders

Financial Growth & Market Risks

Business Intelligence and Risk Prediction

Company Profile Report

Company Standard Report

Comprehensive Report

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VIGLACERA TIEN SON JOINT STOCK COMPANY

VIGLACERA TIEN SON JOINT STOCK COMPANY

VIGLACERA TIEN SON JOINT STOCK COMPANY

Leadership and Shareholders

Financial Growth & Market Risks

Business Intelligence and Risk Prediction

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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