CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Viglacera to list shares on HoSE in mid-February
Nguyen Tung 16:53, 2019/01/09
Once completed the listing, the Ministry of Construction (MoC) would proceed with the divestment of its entire 54% stake in the company.
State-run ceramics and building material corporation Viglacera is scheduled to move its share listing from the Hanoi Stock Exchange (HNX) to the Ho Chi Minh City Stock Exchange (HoSE) in mid-February after receiving the HoSE’s approval, stated the firm. 
 
Illustrative photo.
Illustrative photo.
With a par value of VND10,000 (US$0.43), the total value of the 448 million shares in subject is VND4.48 trillion (US$193.20 million). Once completed the listing, the Ministry of Construction (MoC) would divest its entire 54% stake in the company. 

In 2018, the MoC was supposed to divest a 17.97% stake in Viglacera, however, the move failed to materialize due to unfavorable market conditions. 

Viglacera posted s profit of VND606 billion (US$26.14 million) in 2018, exceeding the year’s target, and consolidated revenue of VND17 trillion (US$733.56 million). 

Established in 1974 and undergoing privatization in 2014, Viglacera's charter capital has increased to nearly VND4.48 trillion (US$193.20 million) as of present. The Hanoi-based firm is Vietnam's largest producer of ceramics and tiles for construction, owning 10 factories, 22 subsidiaries and five affiliate companies, it claims. 

Viglacera earned VND200 billion (US$9.3 million) from the IPO in late 2016, after which, the well-known ceramic producer targeted to list shares within one year.
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.