Viglacera: Firmly overcoming challenges, breaking through bong da so du lieu Q1/2024

Viglacera Corporation has held bong da so du lieu monthly meeting to summarize and evaluate bong da so du lieu results of production and business activities in bong da so du lieu first quarter of 2024, as well as to deploy tasks and plans for bong da so du lieu second quarter of 2024.

Meeting overview

As one of bong da so du lieu leading enterprises in bong da so du lieu construction materials industry in Vietnam, Viglacera always recognizes bong da so du lieu sensitivity of this industry to bong da so du lieu business cycles of bong da so du lieu macro economy. Since bong da so du lieu end of 2023, bong da so du lieu market for product consumption has experienced bottlenecks and significant declines, directly impacting manufacturing enterprises. Increasing fluctuations in input material prices have created significant pressure on bong da so du lieu construction materials and real estate business sectors.

To overcome these challenges, Viglacera has reshaped its business strategy, sought new opportunities, and enhanced flexibility to adapt to bong da so du lieu current difficult business environment.

Despite bong da so du lieu general market difficulties, Viglacera recorded a consolidated pre-tax profit estimated to reach 133%, consolidated revenue estimated to reach 104%, and construction materials inventory value estimated to reach 100% compared to bong da so du lieu Q1/2024 plan.

"Thuan Thanh Eco-Smart IP" Industrial Park

bong da so du lieu real estate sector remains a bright spot with a profit growth higher than bong da so du lieu Q1/2024 plan by 48%. Moreover, being approved by bong da so du lieu government to invest in Construction and Infrastructure Business Projects at Sông Công II Industrial Park, phase 2, Thai Nguyen province, and at Dốc Đá Trắng Industrial Park, Khanh Hoa province, has affirmed Viglacera's expansion direction in bong da so du lieu industrial park sector. Meanwhile, implementing bong da so du lieu Green - Smart Industrial Park model as at Thuan Thanh Eco-Smart IP, Bac Ninh province.

Q1/2024 export turnover increased by 25% compared to bong da so du lieu same period, affirming Viglacera's position in bong da so du lieu international market. bong da so du lieu tile sector stands out with high growth contributing 52% to Viglacera's total export turnover.

Key Tasks for Q2/2024

To continue bong da so du lieu growth momentum and breakthroughs in Q2/2024, Viglacera has identified some key solutions. In terms of market development, business units will focus on increasing coverage by developing additional distributors. Maximizing display of sanitary ware and tiles covering existing showroom systems, distributors, and stores.

A specific requirement for bong da so du lieu Manufacturing sector is to focus on inventory control, evaluate inventory, enhance warehouse and finished product inventory management; continue to tighten management, reduce production costs - lower product prices, enhance product quality control, and create competitive strengths.

Mr. Nguyen Anh Tuan, General Director of Viglacera Corporation directed at bong da so du lieu meeting

Speaking at bong da so du lieu meeting, Mr. Nguyen Anh Tuan, General Director of Viglacera Corporation, remarked and directed: "In Q2, bong da so du lieu domestic economy continues to face many difficulties and has not achieved significant growth, therefore, business units need to delve deeper into bong da so du lieu market and carefully assess competitors to provide information support for leadership in making decisions in building production and business strategies."

Chairman of bong da so du lieu Board of Directors of Viglacera Corporation, Mr. Nguyen Van Tuan requested: Market evaluation and competitor assessment are essential, not only understanding customer needs but also an opportunity for units to identify and leverage their competitive advantages. He also shared views on cooperating with professional consulting units to restructure, evaluate business models, and optimize operations to ensure Viglacera's sustainable development and competitiveness."

With promising results in Q1/2024 and a clear development strategy for Q2/2024, Viglacera promises to continue harvesting success and affirming its leading position in bong da so du lieu construction materials industry in Vietnam.