GELEX and the 34-year journey of steady progress

Over 3 decades of development, GELEX has always acted according to the motto of taking reputation as strength, with the goal of not only creating economic value but also focusing on sustainable development, for the environment and the common happiness of the community. Proud of a strong brand ecosystem Currently, the GELEX system has more than 50 member and affiliated companies. Through member companies, GELEX owns strong brands such as: CADIVI electric cables, EMIC electrical measuring equipment, THIBIDI transformers, HEM electric motors, CFT copper wires, MEE transmission transformers, Song Da Clean Water, Viglacera... On the development path, GELEX always pursues core values: Quality - Prestige - Creativity, constantly improving competitiveness, dominating the market, conquering and creating trust with customers. GELEX produces and supplies a full range of products in the electricity industry value chain from transmission to distribution and civil use with superior features, energy saving and environmental friendliness. The companies have built a synchronous product quality management system and are always looking for solutions to improve product quality and enhance business competitiveness.

GELEX's electricity industry value chain.

The brands in the GELEX system have made strong impressions on the domestic and international markets. Many products have been recognized by the Ministry of Industry and Trade as Vietnamese National Brands, when meeting the criteria of quality - innovation, creativity - pioneering capacity, including: CADIVI won the National Brand award 8 times in a row; Viglacera 6 times in a row; GELEX 5 times in a row, THIBIDI 4 times in a row. That is the recognition, promotion and contribution to affirming the prestige and strength of the brands in the GELEX system in the market and is a worthy recognition for the dedication and serious work of nearly 10,000 officers and employees of GELEX throughout the system. Impressive transformation Over the course of more than 3 decades of development, GELEX has actively contributed to the development of the economy , contributing to creating the image of an integrated, self-reliant, innovative and developed Vietnam. By the end of 2023, GELEX recorded total assets of VND 55,077 billion, consolidated net revenue of VND 29,998 billion, consolidated pre-tax profit of VND 1,398 billion. The efforts and contributions of GELEX and its subsidiaries to the economy, community and society have been recognized and honored with many valuable awards, presented by prestigious domestic and international organizations.

GELEX Group representative received the award of Top 50 Excellent Growth Enterprises in Vietnam in 2024.

GELEX is in the TOP 50 Largest Enterprises in Vietnam 2022; Top 50 Most Profitable Enterprises in Vietnam. GELEX is also on the IR Ranking List as one of the listed enterprises that have fulfilled their information disclosure obligations in 2023 and 2024; ranked by Forbes Vietnam as one of the Top 25 leading corporate brands in the field of personal and industrial consumer goods. Asia's leading HR magazine HR Asia honored GELEX as one of the "Best Places to Work in Asia 2023". Notably, GELEX is in the TOP 50 Most Valuable Brands in Vietnam in 2023 with a brand value of 96 million USD. Seeking new opportunities from the partner ecosystem On the development journey, GELEX has built a strategy to develop a partner ecosystem with leading domestic and international multinational corporations, initially bringing many positive values and expected to be a new driving force for the business in the future. In March 2023, GELEX and Frasers Property Vietnam signed a cooperation agreement to deploy high-end industrial products in the North with a total investment in the first phase expected to be about 6,000 billion VND, equivalent to 250 million USD. After 1 year of cooperation, the joint venture between GELEX and Frasers Property Vietnam has started construction of 3 industrial park projects, designed according to the high-end real estate model, with customer-centric criteria, meeting green building standards (LEED) and aiming for sustainable development goals.

Perspective of Industrial Center Yen My Project in Yen My Industrial Park, Hung Yen.

The cooperation between the two sides has created many large-scale industrial parks in the North, raising the level of new, creative and high-end industrial parks, increasing market attractiveness, attracting foreign investment in green industrial parks that are increasingly increasing in Vietnam. In November 2023, GELEX cooperated with Sembcorp Industries to develop new renewable energy projects, contributing to the energy transition and sustainable development in Vietnam. Joining hands with Sembcorp - a leading group in the field of renewable energy from Singapore helps GELEX maximize its potential, support each other to develop more strongly in the Vietnamese and international markets, opening up new opportunities in the future. In June 2024, GELEX Group and FPT Group signed a Memorandum of Understanding on cooperation to promote comprehensive digital transformation. The two sides will cooperate in 4 areas, including: Comprehensive digital transformation activities from the Group level to GELEX member companies; Deploying telecommunications infrastructure for GELEX real estate projects (residential, office, industrial parks); Investment cooperation to implement data center projects; Cooperation in the semiconductor sector - building facilities to serve research and development work and consortia to invite big names to Vietnam to research and develop this field. The opportunities for cooperation with multinational corporations (domestic and foreign) have so far brought about positive values, contributing to helping GELEX participate in many global value chains, expand and upgrade product segments with greater added value for the core areas of the enterprise, boost exports, towards the goal of becoming the leading investment group in Vietnam. Aiming for sustainable development goals In the journey of more than 3 decades of development, GELEX has always been steadfast in its chosen path, burning with the desire to reach far and having a strong will to create breakthrough steps to further enhance its scale and position in the future. On that journey, GELEX has always paid attention to sustainable development through building a business strategy in line with core competencies and gradually and effectively applying the ESG Integrated Management Framework (Environment - Society - Corporate Governance). The Group has oriented its member units in the system to focus on product research and development and investing in modern technology to launch green, environmentally friendly products, in order to keep up with the global shift trend.

CADIVI electric cable products aim for a green and safe living environment.

Vasta Stone sintered stone - green, environmentally friendly building material for interior and exterior decoration and kitchen surfaces.

In addition, the Group is also committed to providing the best development opportunities for each employee. GELEX affirms that human resources are the valuable asset of the enterprise. The Group is striving to create a professional and dynamic working environment, encouraging innovation; providing learning opportunities, helping employees continuously access knowledge. GELEX will focus on developing organizational and management capacities, taking corporate culture as the foundation, investing appropriately in human resources and R&D activities, implementing extensive digital transformation throughout the Group, along with forming a Risk Management Framework to ensure a stable and sustainable operating system. GELEX also always promotes and nurtures humanity by regularly participating in community activities, actively contributing to the development of theeducation , health care, etc. fields of the country.

Ribbon cutting ceremony for the Stroke Center renovation project on the afternoon of May 6 at Bach Mai Hospital.

Carrying the courage and resilience of youth in every breath, the generation of GELEX people today has been, is and will continue to diligently write the future, with strong participation in the green transformation process and towards sustainable development, linking the development of enterprises with the development of Vietnam.

COMMUNICATIONS DEPARTMENT – GELEX GROUP

Source: https://gelex.vn/tin-tuc/gelex-va-hanh-trinh-34-nam-buoc-vung-buoc.html