Viglacera (VGC) plans to build 50,000 social houses
Viglacera Corporation – JSC (Ticker Symbol: VGC – HOSE) approves the plan to develop social housing projects in the period of 2022-2030, implementing many projects in the country, and expanding investment in Cuba and Dominican Republic.
Specifically, in 2023, Viglacera sets a business plan with total revenue of VND 16,000 billion, equal to 110% over the same period and an estimated profit before tax of VND 1,300 billion, equal to 56% compared to the implementation in 2022. In which, the Company plans to maintain a cash dividend of 20% in 2023, equivalent to that in 2022.
In particular, with the orientation of 2023, Viglacera conducts the work related to divestment of state capital in Viglacera according to the Prime Minister’s Decision on approving the plan to rearrange state-owned enterprises and enterprises with state capital in the period of 2022-2025 and the direction of the Ministry of Construction.
At the same time, completing the capital increase at ViMariel Company – JSC, increasing the capital ownership rate in Vietnam Floating Glass Co., Ltd; contributing capital to establish Viglacera Thai Nguyen Joint Stock Company to invest, build, trade and operate industrial parks and service towns in Thai Nguyen province.
In which, the Company develops a plan and implements to increase capital of Phu My Ultra Clear Float Glass Co., LTD to implement the second phase of investment, with a capacity of 900 tons/year, which is expected to own 55% of the charter capital after capital increase; increase capital of Viglacera Investment and Import-Export JSC from VND 30 billion to VND 80 billion; contribute capital to establish Viglacera Hung Yen Joint Stock Company to deploy investment, construction, business and operation of industrial parks and service towns in Hung Yen province; establish Viglacera Yen Bai branch to implement the project of investment, construction, business and operation of industrial parks in Tran Yen (Yen Bai).
In the segment of industrial real estate, the Company surveys, sets up investment projects and implements new industrial parks such as Phu Ninh – Phu Tho Industrial Park (450ha – 150ha in phase 1); Phu Ha Industrial Park phase 2 (100ha); Park A Phong Dien Industrial Park – Thua Thien Hue (120ha); Dong Trieu Industrial Park – Quang Ninh (425ha); Hoa Lac Industrial Park – Huu Lung – Lang Son (490ha);
General Industrial Park – Service – West Pho Yen Urban – Thai Nguyen (900ha); Complex of Industrial Park – Urban – Service in Yen Bai province (380ha); Complex of industrial parks – service urban areas in Hung Yen province (200ha); Complex of Industrial Park – Urban – Service in Khanh Hoa (900ha); and industrial parks in the South and other locations.
Regarding social housing and worker housing, the Company plans to step by step implement a program to invest in 50,000 social housing in the period 2022-2030. In which, the Company continues to develop social housing areas, housing for workers in sync with the development of existing industrial parks in Dong Van IV, Phu Ha and Dong Mai industrial parks; Social housing in Kim Chung; 9.8 ha social housing area in Yen Phong– Ninh.
It is expected to start construction of new worker housing in Tien Hai (5.2ha), social housing in Phu Ha (8.4ha), and prepare investment in workers’ housing in Hai Yen – Quang Ninh.
For commercial housing, Viglacera continues to invest in housing/commercial apartments in Dang Xa Urban Area (Hanoi); Tien Son, Yen Phong – Bac Ninh;
Implement investment preparation steps, participate in bidding to select investors for the project of Northwest New Urban Area – Bac Ninh (25.6ha); Service area, urban area and social housing that meet the needs of workers in Yen Phong II Industrial Park – Bac Ninh (95ha); Commercial housing area on Hung Vuong street – Phu Tho (14.72ha); study the plan to convert the existing land use purpose to invest in housing and services at the land of Dap Cau Glass Factory – Vu Ninh ward, Bac Ninh with a scale of 12.5ha.
The Corporation continues to implement the project Van Hai high-class eco-tourism area phase 1 with an area of 35ha, the project is expected to be completed and put into operation an international 5* hotel in the second quarter of 2023; and implements steps to prepare for investment phase 2 with an area of 40 ha.
For overseas investment activities, the implementation of investment projects in Cuba was approved by the 2022 Annual General Meeting of Shareholders. In which, the Corporation continues to implement phase 2 at ViMariel Industrial Park projects and SanVig Joint Venture project.
Continuing to survey investment projects to build factories producing building materials (1 Cotto Brick factory, 1 Granite factory); research and prepare to invest in projects of industrial parks, urban areas and production of building materials in the Dominican Republic.
Closing the trading session on March 23, VGC shares have increased by VND 550 to VND 31,550 /share.
Source: Tinnhanhchungkhoan