Conference to review the first 6 months and to implement tasks in business plan during the last 6 months of 2014, Viglacera: Profit of the first 6 months has increased by 14% and that of the last 6 months is estimated to rise sharply.

After official restructuring to joint stock company model, in the morning of 07/03/2014, Viglacera Corporation held a Conference to evaluate its business performance in the first 6 months and implement tasks in the business plan during the last 6 months of 2014. Business targets for the last 6 months were set much higher than the results of the first 6 months and agreed by all subsidiaries, which showed high commitment to the successful implementation of assigned tasks.

16 subsidiaries awarded by Viglacera Corporation

Attending the conference were Mr. Luyen Cong Minh - Chairman of the Board of Directors, Mr. Nguyen Anh Tuan - Director General of Corporation, Deputy Directors of Corporation and key officials of subsidiaries.

According to the evaluation report of the first 6 months and implementation plan of the last 6 months of 2014, the Corporation’s profit throughout the first 6 months exceeded 14%, revenue increased 8%, business value exceeded 3%, export turnover exceeded 1% compared to the set plan.

Thus, in terms of profitability indicators, Viglacera is growing strongly, proved by its business results in the first 6 months reaching 85% of which was registered with the Ministry of Construction in 2014 (Viglacera registered profit target of 170 billion in 2014). Thanks to its comprehensive and excellent business performance during the first 6 months and new opportunities from joint-stock company operation, Viglacera continues to set more challenging business indicators for the last 6 months, which are an increase of 86% in profits, a 31.7% growth in revenue, an increase in business value by 29.4% and export turnover rising by 45.8% compared to the results of the first half of 2014.

Speaking at the conference, Chairman - Luyen Cong Minh congratulated subsidiaries for their successful completion of business targets in the first 6 months. He also emphasized the openness and transparency in Viglacera operations from 2.7.2014, accordingly, the subsidiaries must establish reporting regulations that are consolidated, specific, and accurate in order to provide full information for the Corporation completing its consolidated report for announcement at the shareholder meeting.

Speaking at the conference, Director General Nguyen Anh Tuan also appreciated the effort of all staff who has contributed to successful implementation of the business plan. He directed the subsidiaries to focus on implementing 5 major tasks in the last 6 months of 2014: Change management models, rules, reporting according to the model of a joint stock company; Continue to promote the restructuring, closely follow the set business targets; Promoting investment and development; Promote training, product quality, science and technology; Expand the domestic market to the village, commune, expand export markets, implement business specialization. In addition, the Director General reminded the subsidiaries: "Viglacera Corporation restructuring to a joint stock company model is changed from within, for more sustainable development and growth. Therefore, the subsidiaries must be aggressive, thorough, focused on the above tasks”.

At the conference, Director of typical subsidiaries gave their speeches. All agreed with the evaluation report of business performance in the first 6 months and committed to complete the assigned targets for the last 6 months of 2014. Leaders of all subsidiaries confirmed the right direction of Corporation to help them complete their tasks in difficult period.

The Corporation emulation board rewarded 16 subsidiaries to recognize and reward their outstanding performance in completing tasks and achieving superior results in the implementation of business plan during the first 6 months.

At the end of the meeting, once again, Viglacera Board of directors affirmed that after its restructuring, Viglacera will successfully fulfill the set targets, as well as the role of a joint-stock company and ensure the shareholders’ interests.

Some other images at the conference: