Established in 1990, GELEX Group has developed impressively along with the transformation and growth of the Vietnamese economy over the past 3 decades. Many prestigious organizations have awarded this enterprise with prestigious awards, honoring its reputation, affirming GELEX's position in the business community.
Mr. Le Tuan Anh - Deputy General Director of GELEX Group received the certificate of Top 50 Excellent Profit Enterprises in Vietnam in 2024
5 consecutive years in the Top 50 Most Profitable Enterprises in Vietnam On October 24, 2024, Vietnam Assessment Report Joint Stock Company announced and honored GELEX in the Top 50 Most Profitable Enterprises in Vietnam. This is the 5th consecutive time GELEX has been in this ranking, showing that the enterprise has maintained stable and sustainable business performance. In the past time, in the general context of many fluctuations, GELEX has proactively adapted, been flexible, creative, and implemented many response solutions. By the end of 2023, GELEX's total consolidated assets were VND 55,076 billion; consolidated revenue reached VND 29,998 billion; consolidated pre-tax profit was estimated at VND 1,398 billion. In the first 10 months of 2024, GELEX achieved impressive business results with consolidated net revenue reaching VND 26,668 billion, equivalent to completing 83% of the annual revenue target. Consolidated pre-tax profit reached VND 2,558 billion, equivalent to 130% of the plan.
GELEX's electrical equipment segment has steady growth.
In addition to the business growth target, GELEX promotes the strategy of developing a partnership ecosystem with leading multinational corporations; developing organizational and management capabilities, 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. Thanks to that, GELEX's brand influence is becoming increasingly stronger. GELEX is in the TOP 50 Most Valuable Brands in Vietnam in 2023, 2024" announced by Brand Finance, and is one of the 10 brands with the largest brand value growth rate in 2024 with a growth rate of up to 55%.
Top 10 Brands with the highest brand value growth rate in 2024. Source: Brand Finance
In the past 5 years, GELEX has grown strongly. GELEX's scale has also expanded, becoming one of the 30 companies with the largest revenue on the stock exchange. Recently, VIS Rating - Moody's Credit Rating Company announced the long-term issuer credit rating of GELEX at A with a "stable" outlook. In the report, VIS Rating stated: We appreciate that they have business and investment activities spread across Vietnam in many different industries. The company also has a history of implementing business plans well and often exceeding annual profit targets. Strong brand ecosystem Operating under the investment group model, through member companies, GELEX owns prestigious national brands such as: Viglacera, CADIVI electric cables, EMIC electrical measuring equipment, THIBIDI transformers, HEM electric motors, CFT copper wires, Song Da clean water plant...
CADIVI is one of the few enterprises honored 9 times in 9 National Brand evaluation periods.
GELEX's member units have always strived to maintain and develop products associated with the pride of "National Brand": CADIVI for the 9th consecutive time, Viglacera - the 7th time; THIBIDI - the 5th time and GELEX Power Joint Stock Company received the award for the first time. This demonstrates the contribution of the GELEX ecosystem in building a strong brand, bringing greater added value, thereby enhancing the value of Vietnam's national brand. Winning double awards at HR Asia Awards 2024 Last August, GELEX won double awards "Best companies to work for in Asia 2024" - Best companies to work for in Asia, and "HR Asia most caring company" - honoring businesses with comprehensive health and happiness care policies for employees. With scores exceeding the market average, GELEX has successfully surpassed more than 700 enterprises to win the title of "Best Workplace in Asia 2024" for the second consecutive year. The "HR Asia Most Caring Company" award once again affirms GELEX's commitment to comprehensive health care for employees, ensuring policies and benefits for employees during epidemics, economic difficulties, etc. This is the clearest evidence of the continuous efforts of the GELEX Group's Board of Directors in creating a working environment where the interests and values of employees are always put first. The above prestigious awards and titles are worthy recognition of the continuous efforts of the GELEX Board of Directors and nearly 10,000 employees in the entire system, who have worked together to improve quality, promote innovation and steadfastly pursue the goal of sustainable development. Source: https://baochinhphu.vn/gelex-khang-dinh-vi-the-voi-nhieu-giai-thuong-uy-tin-10224112509021627.htm
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