Last updated: Thursday, May 23, 2013
Viglacera Synergising Business Operations with Social BenefitsPosted: Thursday, March 29, 2012
After nearly 40 years of construction and development, Viglacera Corporation has continuously accumulated resources and made breakthroughs in production and business operations. Currently, the firm has nearly 40 member companies and approximately 15,000 employees. Business scopes extend from material production to industrial and urban zone infrastructure investment. Viglacera is successful in every business field.
Dang Xa New Urban Zone - Substantiating the vision
One of Viglacera’s visionary projects is Dang Xa New Urban Zone. The 33.6-ha residence is situated on a prime location in the east of Hanoi - the capital of Vietnam. It has easy access to traffic arteries like Highway 5 from Hanoi to Haiphong, new National Road 1 from Hanoi to Lang Son province, Vinh Tuy Bridge (4 km from Hanoi centre), and Thanh Tri bridge (2 km from the urban zone).
Hence, the Dang Xa has all the favourable factors to become a modern residential and commercial zone interconnected with other residences like Sai Dong, Thach Ban, Viet Hung and Eco Park to form an urban zone chain east of Hanoi.
The first phase of construction on the urban residence is basically completed. Major items include offices, semidetached villas and apartments featuring modern style, convenience and environment friendliness. The living and leisure space are arranged logically to take advantage of natural light.
Following the success of Dang Xa project, the Hanoi People's Committee, the governing body, allowed Viglacera to develop the Dang Xa 2 new urban area project, covering more than 72 ha. It will supply 352,598 square metres of housing.
Affordable housing - Harmony of interests
Starting with the urgent housing demand in Hanoi, Viglacera Corporation started construction on an affordable housing project in Dang Xa 1 new urban area in October 2010. The project comprising of many high-rise buildings supplies 946 apartments with a total floor area of about 84,992.8 square metres for low-income tenants. Apartments, with the area ranging from 55 square metres to 70 square metres, are well-connected with Dang Xa New Urban Zone.
With low price and guaranteed good quality, Viglacera is committed to providing quality apartments to build customer confidence. To do this, the corporation took the initiative from designing, opting out investment solutions, cooperating with research units to acquire technological applications for new construction to utilising materials to minimise costs - a move to harmonise corporate and social benefits.
Success in the tough time proves the calibre and value of the state-owned enterprise. In this difficult context, Viglacera always ensures very high growth rate of return on capital. Particularly in 2011, the firm earned VND430 billion of net profit on revenues of over VND10,200 billion, beating the annual plan. This will be a good platform for Viglacera to complete its targets for 2012 with a new operating model, better financial and asset performance to continue its way to success.