Viglacera's products are diversified in both model and quality, meeting the customers' demand, ranging from average to high levels.— Photo bizline.vn

HA NOI (Biz Hub) — Viglacera Corporation, one of Viet Nam's largest brick and ceramics manufacturers, on Wednesday launched its initial public offering (IPO).

The IPO offers nearly 77 million shares, equalling 25.07 per cent of the charter capital.

The initial price is VND10,300 ($0.48), said chairman of the corporation's Member Council Luyen Cong Minh.

Minh added that the equitisation is aimed at raising financial and trade capacities and aiding the sustainable development of the group so that it becomes the leader in construction material production in Viet Nam and Southeast Asia.

Minh said his group expects to achieve an annual growth rate of 10 to 15 per cent.

Viglacera's products are diversified in both model and quality, meeting the customers' demand, ranging from average to high levels. The corporation has shipped products to more than 40 countries and territories in the world.

It has 34 subsidiaries and affiliate companies nationwide, with more than 14,000 employees. — VNS