GELEX's big game with R&D

Take off with new products

Recently, CADIVI - an electric cable brand belonging to the GELEX ecosystem has launched a line of lead-free electric cables (Lead Free LF) that are low in smoke, fire-resistant and do not emit halogen gas when burning (Low Smoke Halogen Free - LSHF).

This is an advanced solution that meets strict safety standards and is environmentally friendly. Over the years, the company's investment in product development (R&D) has helped the company launch many new, innovative and safe products for every Vietnamese family.

At EMIC Electrical Measuring Equipment JSC, the R&D Center was established in early 2020 with the goal of developing new product lines, reducing dependence on traditional products, and developing new value chains based on EMIC's technological advantages, resources, and brand.

In addition to maintaining and improving the design of traditional products (electronic meters and automatic data collection devices for electronic meters, meter communication modules, etc.) to help maintain the market, quality, and brand of EMIC; researching and developing new generations of traditional products; developing a new product line of water meters - a comprehensive solution for the water industry; researching and developing equipment for the fire prevention and fighting industry, etc.

This is considered a step to create momentum for EMIC after more than 4 decades of development, transforming the enterprise from a traditional mechanical manufacturing enterprise into a technology-driven company with diverse products.

In its development strategy, GELEX identifies R&D as the story that determines the success or failure of a business. Thanks to investment in R&D, GELEX member companies all own prestigious brands and products in the electrical equipment industry.

Leading the trend with new products that are superior in quality, impressive in design and safe for life, has affirmed GELEX's position with strategic products, while at the same time, gradually expanding to foreign markets.

In the 2024 financial report, the entire electrical equipment sector recorded net revenue of VND 21,130 billion and pre-tax profit of VND 2,153 billion, positively contributing to GELEX's positive results.

Breakthrough opportunity from key piece

The race of manufacturing enterprises is also the race of R&D. This is considered a key factor in the success of many "giants" in the world.

The aim is to create breakthrough products, with new technical solutions, applying new technology, adapting to new consumer trends, bringing strong progress to businesses.

Singapore is known as a small island nation with no resources or large markets... but has risen to become one of the world's leading R&D and innovation centers. Since 2020, Singapore has spent up to 2.2% of GDP on R&D, while the average for developed countries is 2-5% of GDP.

Recently, Vietnam's 2025 budget estimate has been requested to allocate at least 3% of total budget expenditure for science, technology, innovation and digital transformation development and continue to increase to 2% of GDP in the next 5 years. Along with that, it is necessary to focus on transforming the science and technology content in products and goods to increase competitiveness.

R&D is no longer an option but a mandatory condition for Vietnam to rise to the group of high-tech countries.

Large domestic enterprises not only possess strong financial potential but also have high-quality human resources and management capacity to implement large-scale R&D projects. The goal is to create breakthroughs, promote the entire domestic value chain and spread to the economy.

Boost investment in R&D

Therefore, in its development strategy, GELEX determines to promote R&D activities to develop new product lines with high intellectual content, green products that are friendly to the environment and expand international cooperation and technology transfer.

In particular, with the strategic development orientation to 2030, GELEX aims to become the leading investment group in Vietnam, a symbol of Growth - Efficiency - Sustainability.

Mr. Nguyen Trong Hien - Chairman of GELEX Group emphasized the need for appropriate investment in developing high-quality human resources and talents, science and technology, research and development and innovation on the basis of encouraging member enterprises to spend a maximum of 2% of revenue on research and development activities in the field of electrical equipment.

"The Group strengthens its internal strength and technological infrastructure; proactively and selectively applies new technologies, digital initiatives, digital transformation and exploits data from the artificial intelligence revolution" - Mr. Hien shared.

In addition, the partner ecosystem strategy (major domestic and foreign partners) will continue to be expanded to the fields of electrical equipment, digital infrastructure and telecommunications, in order to participate in the global value chain; expand and upgrade product segments/industries with higher added value and proactively receive and grasp technology from international partners, promoting exports.

Therefore, R&D not only creates competitive advantages but also demonstrates social responsibility, optimizes resources, and minimizes environmental impacts. What is more special for GELEX is that R&D is not only a growth problem but also a mission to contribute to raising Vietnam's position on the global industrial map.

Source: https://tuoitre.vn/cuoc-choi-lon-cua-gelex-voi-rd-2025032010403391.htm