IN 2025, VIGLACERA SET A CONSOLIDATED PROFIT TARGET OF 1,743 BILLION VND - Viglacera Corporation

Following the successes achieved in 2024, along with the positive impacts from the economic management policy and the Government's efforts to remove difficulties in the real estate market, Viglacera Corporation - JSC has built a business plan for 2025 with a consolidated revenue target of over 14,000 billion VND. Along with that, many sustainable growth targets have also been set.

2024, consolidated pre-tax profit increased by 47% compared to the plan set by the General Meeting of Shareholders.

2024 marks the 50th anniversary of establishment and development, the 10th anniversary of equitization of Viglacera Corporation - JSC (HOSE: VGC), aiming to become one of the leading economic groups in the country in the field of industrial park development and construction materials production.

2024 is another year of unpredictable political and economic developments in the world, with oil, gold and USD prices all increasing sharply. In that context, Viglacera has shown its determination to turn challenges into opportunities to promote growth. Proactive preparation and good resource accumulation have helped Viglacera exceed the profit target set by the 2024 Annual General Meeting of Shareholders. Specifically, consolidated net revenue reached VND 11,906 billion; consolidated pre-tax profit reached VND 1,630 billion (47% higher than the plan approved by the General Meeting of Shareholders); the expected dividend payout ratio is 22% (2% higher than the target committed to the General Meeting of Shareholders).

Correct development orientation, high efficiency

In 2024, Viglacera will shift its investment in developing industrial parks towards green & smart, starting with the Thuan Thanh Eco Smart -IP Industrial Park project in Thuan Thanh (Bac Ninh). Activities to increase utilities, digital transformation in operation management and environmental improvement, and integration of smart technology in industrial parks to enhance competitiveness and attract investment are gradually promoted and increasingly widespread.

2024 is also the year that Viglacera is approved by the Government to invest in 3 new Industrial Parks: Doc Da Trang Industrial Park (Khanh Hoa province), Song Cong II Industrial Park - Phase 2 ( Thai Nguyen province) and Tran Yen Industrial Park - Phase 1 (Yen Bai province), increasing about 839 hectares of industrial park land.

Viglacera currently owns 16 industrial parks at home and abroad, with a total land fund of more than 4,500 hectares.

Currently, Viglacera continues to promote surveys of new industrial park projects - in places with advantageous infrastructure locations as well as the ability to attract investment.

Viglacera's green and sustainable real estate development activities have also been expanded in a positive direction through Viglacera's completion of investment and putting into operation the 5-star resort - Angsana Quan Lan Hotel & Resort. This hotel was granted the EDGE Advance green certificate by the IFC - World Bank Group right from the design stage.

Angsana Quan Lan Hotel & Resort project is organized by IFC - World Bank Group

EDGE Advance Green Certification for the design phase

The investment in urban areas, social housing, and worker housing deeply exploits Viglacera's specific strengths such as long-term project development experience, always having a large source of customers from industrial park real estate investment activities, and proactively using the Corporation's available materials. The Corporation's social housing projects focus on competing by creating the best living environment for residents, such as synchronous investment in technical infrastructure and social infrastructure, with full essential service utilities.

In the production of construction materials, 2024 is also a year that has recorded many positive marks thanks to the investment strategy that closely follows the goal of modern technology combined with green, environmentally friendly products. That is the successful production of sintered stone with Italy's Continua+ technology, creating the ability to save 1/6 of the energy consumed in the process of pressing large-sized tiles compared to the traditional method; It is a deep investment in the technology of manufacturing sanitary equipment and shower faucets, aiming at synchronous, high-tech bathroom solutions to enhance user experience such as pressure belt forming technology and automatic enamel spraying robots in porcelain production, PVD coating technology to protect the surface, low-pressure casting from Italy, helping to optimize production efficiency, increase product accuracy and durability. In particular, the sanitary equipment sector has had many technological initiatives applying international standards such as antibacterial technology, water saving and smart sanitary equipment, in line with the "green" trend and for the health of users.

Vasta Stone, large slab sintered stone with a veined structure - a product successfully produced by Viglacera in 2024

With a synchronous development orientation, Viglacera takes advantage of green building materials production to provide integrated, efficient and environmentally friendly bathroom solutions, improving the quality of life for Vietnamese consumers.

Target 2025, consolidated profit growth 7% compared to 2024

Following the successes in 2024, Viglacera sets a growth target in 2025, with planned consolidated revenue of VND 14,437 billion, 21% higher than in 2024; expected consolidated pre-tax profit of VND 1,743 billion, equivalent to an increase of 7% compared to 2024.

In the first quarter of 2025, Viglacera recorded consolidated revenue of VND 2,855 billion, up 8.2% over the same period and pre-tax profit of VND 413 billion, up 20% over the same period last year. Thus, after the first 3 months of the year, VGC has completed 24% of the profit plan target for 2025.

In the first months of 2025, Viglacera also started the CT3 project - Thang Long Green City social housing area (Hanoi), started the second phase of Song Cong II Industrial Park (Thai Nguyen province) and broke ground on the Doc Da Trang Industrial Park project in Van Phong Economic Zone (Khanh Hoa province).

Groundbreaking ceremony from top to bottom: CT3 social housing project - Thang Long Green city urban area (Kim Chung, Dong Anh, Hanoi), Groundbreaking ceremony of Song Cong II Industrial Park - phase 2 (Thai Nguyen province), Groundbreaking ceremony of Doc Da Trang Industrial Park project in Van Phong Economic Zone (Khanh Hoa province)

Two pillars of production and business development are sustainable and in the right direction.

Currently, Viglacera Corporation manages and operates 16 industrial parks with a total land fund of more than 4,500 hectares. This number will continue to increase as new project development activities are being surveyed and implemented in many localities across the country. Viglacera prioritizes locations with potential to attract investment as well as high business potential.... Responding to the international economic situation in 2025, to ensure the above goal, the industrial park real estate sector will focus on exploiting customer sources that are not affected by the new US tariff policy.

Social housing project CT3 Thang Long Green City (Kim Chung, Dong Anh, Hanoi)

In urban and housing development, Viglacera focuses on social housing projects and industrial park worker housing projects with the core goal of contributing to the successful implementation of the Project to create 1 million social housing apartments directed by the Government. In which, the principle of creating the best living environment for residents must be strictly implemented. All strengths in project development experience, human resources, and material sources of the Corporation will be thoroughly utilized, aiming for the most competitive prices, the best quality, and creating standard social housing projects.

The construction materials sector is continuing many projects of in-depth investment in technology, creating more advanced products with more diverse features and competitive prices. The glass production and processing sector will have many changes to meet the needs of the modern market. In particular, a synchronous solution package on construction materials - including from design to construction - is being deployed to meet all real estate models from social housing to other commercial housing segments.

With the new orientation, Viglacera Corporation - JSC identifies key strategic goals in 2025 and the following development stages: Building Viglacera into a strong economic group in both construction materials and real estate. Comprehensively transforming operational management towards streamlining and specialization by group and industry, ensuring efficiency and autonomy in each field, while enhancing the role of strategic planning and effective control at each level of management. In 2025, strive to successfully achieve the profit target of VND 1,743 billion, an increase of 7% compared to 2024.