Viglacera — industrial parks, social housing and urban areas

Viglacera is a company with more than 50 years of history, familiar to Vietnamese households through its tiles, sanitary ware and construction glass. Fewer people know that Viglacera's real estate business is also very large: in 2024, the company owned 15 industrial parks with a total area of more than 4,000 ha and was the developer of 18 commercial and social housing areas. If you are interested in social housing, worker housing or homes near the industrial parks of northern Vietnam, this is a developer worth knowing.

About Viglacera

• Legal entity: Viglacera Corporation – JSC, listed on HOSE under the ticker VGC, headquartered in Hanoi.
• Development history: formed on 25 July 1974 from the merger of 18 brick and tile factories; named Viglacera since 2006 and equitised in 2014. Viglacera has been in real estate since 1998.
• Current owners: since April 2021, the Gelex group has held about 50.2% of the capital and is Viglacera's parent company. The State's stake, represented by the Ministry of Construction, is about 38%; in early 2026, the Ministry of Construction proposed suspending the divestment and reconsidering it in the 2026 – 2030 period.
• Industrial parks: as of 2024, Viglacera owned 15 industrial parks in Vietnam and abroad, covering more than 4,000 ha.
• Housing: developer of 18 commercial and social housing areas; by the end of 2025 it had completed about 8,000 social and worker housing units. The Dang Xa low-income housing area (Hanoi) received the Vietnam Green Architecture award.
• Business results: in 2025, consolidated profit before tax was about 2,202 billion VND. The 2026 plan is consolidated revenue of 15,300 billion VND and profit before tax of 1,820 billion VND.

Viglacera projects under development

Social and worker housing in Hanoi

Thang Long Green City and Tien Duong Park City are two notable social and worker housing projects that Viglacera is developing in Hanoi. The conditions for buying social housing (eligible groups, income, place of residence) are set by law — check that you are eligible before registering.

Reasonably priced commercial housing

At its shareholders' meeting in April 2026, Viglacera said it is preparing a line of reasonably priced commercial housing, expected to launch at the end of 2026. The specific location and scale have not been announced.

New industrial parks in 2026

In 2026, Viglacera plans to break ground on about 900 ha of industrial parks: Tay Pho Yen phase 1 (Thai Nguyen, about 500 ha), Phu Ninh phase 1 (about 150 ha) and Hung Yen Industrial Park No. 1 (about 217 ha). Tay Pho Yen Industrial Park phase 1 is developed by Viglacera Thai Nguyen JSC, with investment of about 5,400 billion VND; it broke ground on 29 October 2026 and will be built over 3 years. New industrial parks usually bring housing demand from professionals and workers in the surrounding area.

How HPR can help

HPR does not distribute Viglacera projects. If you are considering buying a home near industrial parks or comparing social housing with commercial housing, an HPR consultant can help you check the project's legal status, calculate your home purchase cash flow based on your actual income and compare it with other projects within the same budget. If you already own a property you want to resell or rent out, you can consign it with HPR.

Considering a home near an industrial park or reasonably priced housing? Leave your phone number — an HPR consultant will help you compare projects, check the legal status and work out your cash flow based on your budget.