From small business to trillion dollar corporation

From a small import-export company…

On January 9, 1993, Hanoi General Import-Export Company Limited (the predecessor of today's Geleximco Group) was established with a charter capital of 3 billion VND, the first private enterprise in Vietnam licensed to conduct direct import-export business.

In 1996, the company had a debt of up to 11 billion, a huge amount at that time. Thanks to the will and courage of the son of Thai Binh rice fields, Mr. Tien and his colleagues found ways to gradually overcome the difficulties and at the same time build a business strategy. The crisis finally passed, Geleximco was able to pay off its tax and bank debts.

At that time, Mr. Tien had another opportunity with the auto and motorbike spare parts manufacturing industry. He made a bold decision when he and his Japanese and Thai partners established Vietnam Auto and Motorcycle Spare Parts Manufacturing Company Limited (VAP).

The factory was built in Nhu Quynh commune, Van Lam district, Hung Yen province with a total investment of 90 million USD. This is one of the first successful cooperation models between Vietnam and foreign countries in the industrial sector in Vietnam.

Riding on the success, in 2000, Mr. Tien's company continued to implement a joint venture project to produce instant noodles with VIFON- ACECOOK and then built a packaging factory to serve the instant noodle factory as well as for export in Van Lam district, Hung Yen province.

… to a giant multi-industry corporation

The successful foreign joint venture with two large projects has helped Geleximco gain confidence in the industrial production sector. Geleximco has proposed to the government to allow investment in the pulp and paper production sector and has been approved to invest in the An Hoa Pulp and Paper Mill Project in Son Duong District, Tuyen Quang Province with a total investment of nearly 450 million USD for both projects.

Responding promptly to market demand, Geleximco has invested in the Thang Long Cement Factory project. The total investment capital of the project is up to 350 million USD with synchronous equipment and application of modern, environmentally friendly technology, designed capacity of 6,000 tons of clinker/day, equivalent to 2.3 million tons of cement/year.

Success after success, Geleximco continued to invest in the construction of Thang Long Thermal Power Plant with 2 units with a total investment of 900 million USD on an area of ​​nearly 125 hectares in Le Loi Commune, Ha Long City, Quang Ninh Province. In 2018, the plant officially put into commercial operation.

Thang Long Thermal Power Plant.

Grasping the social trend, Geleximco decided to invest heavily and deeply in the real estate sector. Outstanding projects such as: Giao Luu City Urban Area; An Binh City; Gelexia Riverside; Geleximco Le Trong Tan; Cai Dam Urban Area... have made Geleximco a big and prestigious brand in the real estate sector.

Urban Area of ​​Exchange City.

In 2019, the company officially entered the high-end resort real estate market by developing, exploiting and operating the Dragon Hill International Tourist Area project - Dragon Ocean Do Son.

Along with industrial production and real estate, finance and banking are also important business areas of Geleximco Group. An Binh Bank was licensed on May 13, 1993, with the initial name of An Binh Rural Commercial Joint Stock Bank.

In 2004, An Binh Rural Commercial Joint Stock Bank was converted into An Binh Commercial Joint Stock Bank (ABBANK) with a charter capital of VND 70.04 billion. Currently, ABBANK has 165 transaction points in 34 provinces/cities, serving more than 1 million customers.

Geleximco also expands the development of hotel accommodation services - resort hotels; Class A office rental services; High-class golf course services.

Recently, Geleximco officially started operating the luxury golf course Dragon Golf Links – a 27-hole golf course on the sea, part of the Dragon Hill International Tourist Area project in Do Son – Hai Phong. In addition, Geleximco currently owns two hotels, Ha Long Dream Hotel and Thai Binh Dream Hotel.

Dragon Golf Links – 27-hole golf course on the sea, part of the Dragon Hill International Tourist Area project in Do Son – Hai Phong.

Along with that, two Grade A office buildings, Geleximco Building and Peakview Tower, located at 36 Hoang Cau, Dong Da, Hanoi, are ranked among the top prestigious and professional office buildings for lease.

Along with business, Geleximco always promotes humanitarian activities, integrating social responsibility and charity activities into the company's sustainable development strategy.

After 30 years of establishment and development, Geleximco Group has grown from a small import-export company with a capital of 3 billion VND and more than 10 employees to one of the leading multi-industry private economic groups in Vietnam with a scale of more than 10,000 employees and total assets of over 80,000 billion VND.

And just like that, the story of Geleximco with its consistent motto of "Synthesizing resources - Sharing success" is still being written.

Bao Anh

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Source: https://vtc.vn/30-nam-geleximco-tu-doanh-nghiep-nho-den-tap-doan-nghin-ty-ar801649.html