The Vietnam Glass and Ceramics for construction Corporation Viglacera plans to shoot up its capital to nearly 3.1 trillion VND (142.8 million USD) by issuing additional shares, as heard at the 2015 annual shareholders congress in Hanoi on April 20.

According to the plan, the corporation will taper state ownership from 91.48 percent to 75 percent by listing shares in the stock market once approved by the Ministry of Construction.

In 2015, it targets a minimum growth of 6 percent for each key production business. It also plans to implement a stable and sustainable development strategy while fostering investment in building and real estate.

Viglacera will focus on highly-competitive, hi-tech and “green” products such as energy-saving glass. The company will also pay attention to increasing the quality of its current products such as Autoclaved Aerated Concrete and clinker bricks, and using environmentally friendly production materials.

In the real estate sector, Viglacera will invest and exploit technical facilities and services in 997 hectares of current industrial zones and closely watch progress on new construction.

The company will also invest in a number of industrial parks and develop social housing and luxury apartment projects.-VNA