RECOGNIZING GROWTH AMID CHALLENGES
Over the past two weeks, several subsidiaries of Viglacera Corporation – JSC have held their Annual General Meetings of Shareholders (AGMs). Overall, attending shareholders acknowledged the management teams’ efforts in overcoming numerous challenges in 2025, delivering encouraging achievements and creating momentum for the pursuit of new growth milestones in 2026.
Viglacera AAC JSC: Impressive Growth
Despite facing significant challenges—including a sharp increase in material costs of 40% to 60%, supply chain disruptions caused by prolonged geopolitical conflicts, and strong fluctuations in the USD exchange rate putting pressure on logistics costs—Viglacera AAC JSC delivered an outstanding turnaround, successfully exceeding its business targets with impressive growth figures.
The Company recorded pre-tax profit of VND 8.052 billion, equivalent to 201% of the annual plan. Total sales revenue reached VND 191 billion, exceeding the annual plan by 49%. These results stemmed from close direction by the Board of Directors and the continuous efforts of the management team in cost optimization, production efficiency enhancement, and leveraging the advantages of environmentally friendly green product lines to effectively penetrate the market.
One of the Company’s key achievements in the past year was positioning Autoclaved Aerated Concrete (AAC) as a primary construction material in large-scale projects. By fully exploiting its advantages—such as up to 40% energy savings in cooling systems and full recyclability—the Company’s products have become a preferred choice for projects targeting international green building certifications.
Aligned with the trend of “modularization” in construction to minimize labor and construction time for contractors, the Company actively promoted the adoption of large-format ALC wall panels. With a well-defined action plan, AAC and ALC products have rapidly strengthened their market position, becoming trusted partners of major developers such as Sun Group, Vinhomes, and Masterise, along with leading contractors across Vietnam.
Export markets also recorded highly positive signals, with the Company establishing a stable product presence in markets such as Australia and Taiwan.
Breakthroughs in both domestic and export markets were driven by improved and consistent product quality, as well as intensified multi-channel communication efforts—from national television to digital platforms—to enhance public awareness of sustainable construction solutions.
Entering 2026, the Company has identified its key objective as maintaining growth momentum while implementing a capacity expansion project, increasing production capacity from 200,000 m³ to 240,000 m³ per year.
The AGM also approved authorization for the Board of Directors to proactively manage investment activities, major repairs of fixed assets, and flexible financing plans to support business operations. With a solid financial foundation and a clear orientation toward green product development, Viglacera AAC JSC is confident in continuing to achieve new milestones and deliver sustainable value to shareholders and the community.
Viglacera Packaging & Brake Lining JSC: Proactive Adaptation, Growth Amid Challenges
On March 21, Viglacera Packaging & Brake Lining JSC successfully held its 2025 AGM. The swift approval of business results and financial indicators reflected the management’s flexible governance approach, demonstrating its ability to identify opportunities amid challenges and safeguard shareholder interests.
During a financial year marked by numerous adverse factors, construction material manufacturers continuously reduced production capacity, leading to a noticeable decline in demand for carton packaging. Challenges intensified as the paper supply chain in Bac Ninh was disrupted. At the same time, the brake lining segment faced fierce competition from low-cost imported products from China.
Amid these pressures, the Company achieved pre-tax profit of VND 1.81 billion, equivalent to 121% of the annual plan. This result was driven by a series of synchronized measures, including tightening technical-economic norms and enhancing revenue streams beyond traditional production activities.
Specifically, upon recognizing market pressures in both packaging and brake lining segments, the Company simultaneously implemented multiple solutions: proactively stockpiling raw materials to mitigate input cost increases, while maximizing the value of existing infrastructure to develop office leasing activities, generating stable income. The combination of proactive production management and diversified revenue streams helped mitigate the impact of market fluctuations.
Entering 2026, the Company has set a revenue target of VND 84.3 billion. The management committed to diversifying raw paper supply sources to reduce dependency on local suppliers, while upgrading offset printing quality to expand its customer base beyond the existing system. In the brake lining segment, the Company will not compete on price with imported products but will instead strengthen its distribution network in Central and Southern Vietnam, focusing on product quality and after-sales service to maintain market share.
In addition to financial targets and adaptive management measures, the AGM approved a series of action plans, including workforce rejuvenation to replace retiring employees, and strict maintenance of the 5S management system and occupational safety standards to enhance productivity, safety, and sustainability.
With a clear development roadmap and strong shareholder consensus, Viglacera Packaging & Brake Lining JSC is entering a new growth cycle, with confidence in becoming a sustainable enterprise within the Viglacera ecosystem./.
