The Viglacera Corporation has signed a Memorandum of Understanding for cooperation with the Indonesian PT Arwana Citramulia Tbk (Arwana) Group during the official visit of State President Truong Tan Sang to Indonesia.

Accordingly, Viglacera will work with its Indonesian partner to export paving bricks, worth US$ 8 million a year, to Indonesia.

At present, Viglacera is a state-owned enterprise in construction materials. In spite of the current economic recession, the group has managed to stay afloat in its traditional markets, such as Thailand, Russia, Taiwan, Myanmar, Malaysia and Laos.

Besides, some subsidiaries of Viglacera have successfully developed business in some new countries such as Iraq, Nigeria and Turkey.

Source: DDDN

Translated by Pham Huy