AsemconnectVietnam - Viglacera Thanh Tri Joint Stock Company (stock code TVA - UPCoM) has just announced the documents for the 2025 Annual General Meeting of Shareholders with the goal of making a profit. The Company is expected to hold the General Meeting on the morning of March 26.

According to the draft documents of the General Meeting, the Company said that in 2025, the revenue target is more than VND240.2 billion, an increase of 38% compared to the implementation of 2024, of which the revenue from porcelain is more than VND188 billion, an increase of 47%; pre-tax profit is VND11.5 billion, a strong improvement compared to the loss of VND991 million in 2024. The planned receivable balance in 2025 is VND31.97 billion (equivalent to 2024).
In the first and second quarters of 2025, the Company plans to spend more than VND3.1 billion on investment activities serving production.
To achieve the plan, the Company implements innovative management according to the development trend of the sanitary ware industry and market demand; sets production and business efficiency as the goal, improves product quality to ensure brand reputation and capture market share.
In addition, the Company searches for and selects suitable raw materials for production, ensuring there is always reserve, supplement, and replacement; bids and offers competitive prices, publicly discloses input materials to search for and select suppliers with reasonable prices, good quality and service.
In addition, the Company also determines to continue researching and developing new products that are qualified to keep up with trends and capture the market not only domestically but also in foreign markets.
In preparation for exporting to the Korean market in 2025, the Company has revised the ISO 9001:2015, 14001:2015 quality management system, the procedures strictly control product quality at all stages to ensure compliance with Korean KS standards. Completed assessment according to Korean KS L 1551 standards.
Regarding business activities in 2024, with many difficulties and challenges in the sanitary ceramic product consumption market, the Company suffered a loss of VND991 million, a sharp decrease compared to the original plan (loss of VND3,683 billion). Net sales revenue in 2024 increased by 7% compared to the plan, reaching VND173.8 billion. Outstanding receivables were nearly VND32 billion (equal to 87% of the annual plan).
N.Nga
Source: VITIC/Tinnhanhchungkhoan