GELEX is one of the 50 excellent Vietnamese enterprises in 2024 – Gelex Group

The above information was announced by Vietnam Report on January 8, in Hanoi, to honor businesses with excellent revenue, profit, stable and sustainable business performance in the period of 2023 - 2024.

The Top 50 The Best ranking has been announced by Vietnam Report Joint Stock Company since 2015, including enterprises selected from the Top 500 Largest Enterprises in Vietnam (VNR500), based on the main criteria: revenue, profit, total assets and total number of employees.

This is the second consecutive year that GELEX Group Joint Stock Company is present in this Ranking, alongside large enterprises such as: Oil and Gas Group, Vingroup, Viettel, MB Bank, Agribank...

Ms. Nguyen Hong Nhung, Director of Communications Department of GELEX Group, received the trophy and certificate of Top 50 The Best

At the announcement ceremony of Vietnam Report this year, GELEX and its member units, Vietnam Electric Cable Joint Stock Company - CADIVI and Viglacera Corporation - JSC were also honored in the top 500 largest enterprises in Vietnam.

After nearly 50 years of establishment and development, CADIVI has become a long-standing electric wire and cable manufacturing enterprise and holds the number one market share in Vietnam, achieving the National Brand certification for many consecutive years. In the context of economic difficulties and increasingly fierce competition, CADIVI still strives to invest in development and sustainable growth. CADIVI's total revenue in 2023 will reach VND 10,084 billion, a growth rate 7 times higher than the time of equitization (2007) and nearly double that of 2015 - the time when GELEX Group restructured.

Faced with unpredictable market fluctuations and increasingly diverse consumer needs, CADIVI proactively invests heavily in researching new products, modern machinery and equipment technology and improving existing capacity to promote production and business activities.

CADIVI brings solutions Green Living Safe Living to every Vietnamese family

Thanks to that, CADIVI has expanded its product range from civil wires, medium and low voltage power cables... to specialized and environmentally friendly cables such as super-heat cables, solar energy cables, airport runway lighting cables, low-smoke, non-toxic gas fire-resistant cables; electric vehicle charging station cables... This not only helps CADIVI maintain its leading position in the power cable industry but also creates opportunities to compete in the international market.

In GELEX's strong brand ecosystem, there is also Viglacera, the leading brand in the production of construction materials and industrial park development in Vietnam. Since 2016, Viglacera has been in the VNR 500 rankings thanks to its continuous efforts in developing production, improving competitiveness and innovation.

The company has invested in depth, upgraded the technological line, especially focused on green technologies, creating solutions for building materials that meet the criteria of being environmentally friendly. Currently, Viglacera's green product ecosystem has been perfectly built with a full range of products that are oriented towards the green consumer market, environmentally friendly. Typical examples include: Energy-saving glass, Large-size tiles, Internally-veined terracotta, Super-white glass, PVD-coated showerheads, Smart sanitary ware. The products in the Green ecosystem are the result of a long journey of investment and development, capturing and meeting consumer trends according to international standards.

Viglacera's green product ecosystem

Viglacera is also one of the largest and most prestigious real estate investors in Vietnam with 16 industrial parks, attracting up to 18 billion USD in foreign investment capital; is the investor of 15 urban and residential areas; 1 5-star hotel project. In 2024 alone, Viglacera will be granted investment certificates by the Government for 2 new industrial parks, Song Cong II Industrial Park (Song Cong - Thai Nguyen) and Tran Yen Industrial Park (Yen Bai) with an additional area of ​​550.83 hectares.

According to Vietnam Report, the enterprises in the TOP VNR500 represent important locomotives of the Vietnamese economy, to honor large-scale enterprises that maintain effective production and business activities, demonstrating resilience in the face of unexpected fluctuations from the international context and the slowing growth of the economy.

COMMUNICATIONS DEPARTMENT – GELEX GROUP

Source: https://gelex.vn/tin-tuc/gelex-la-mot-trong-50-doanh-nghiep-xuat-sac-viet-nam-2024.html