Along
with the development of Vietnam

History

GELEX began as an electrical equipment manufacturer. Today, it is one of Vietnam's leading investment groups. Along the way, GELEX has built new capabilities, expanded into new businesses, and created long-term value for its stakeholders. Each milestone tells part of GELEX's transformation and has prepared the Group for its next stage of growth and for its 2030 Vision.

  • 1990

    Building an Industrial Foundation

    GELEX was established with a core focus on electrical equipment manufacturing. Those early years built the manufacturing expertise, commitment to quality, and trusted reputation that continue to define GELEX today.

    Key milestones

    • 10 July 1990: Electrical Engineering Equipment Corporation
    • Built a strong ecosystem of electrical equipment manufacturers
    • Contributed to Vietnam’s industrial development during the country’s economic transformation

    2010 - 2015

    Privatization and the Transition to a Modern Governance Model

    Privatization marked the beginning of a new chapter. As the Government completed its divestment, GELEX embraced a more market-driven approach and strengthened its corporate governance.

    Key milestones

    • 2010: Privatized and renamed Vietnam Electrical Equipment Joint Stock Corporation
    • August 2015: GEX shares began trading on UPCoM
    • October 2015: Government divestment completed

    2016 - 2018

    Becoming an Investment Group

    This period reshaped GELEX. The Group adopted a holding company structure, separating investment from operations while expanding into infrastructure, energy, and building materials through strategic investments and acquisitions. Its listing on the Ho Chi Minh Stock Exchange opened up broader access to capital while raising governance and transparency.

    Key milestones

    • Listed on the Ho Chi Minh Stock Exchange (HoSE)
    • Adopted the holding company model and established sub-holdings
    • Expanded into infrastructure, energy, and building materials through strategic investments and M&A

    2019 - 2021

    Strengthening the Ecosystem

    GELEX continued investing in manufacturing, R&D, and renewable energy while strengthening its investment portfolio through GELEX Electric and GELEX Infrastructure. Becoming the controlling shareholder of Viglacera marked another important milestone, expanding the Group’s presence in industrial parks and building materials.

    Key milestones

    • Expanded investment in R&D and technology
    • Accelerated renewable energy development
    • Became the controlling shareholder of Viglacera

    2022 - 2024

    Elevating Governance to International Standards

    With its business portfolio taking shape, GELEX shifted its focus to building the capabilities needed for long-term growth. The Group enhanced corporate governance and risk management, optimized its investment portfolio, advanced ESG initiatives, and expanded partnerships with global organizations.

    Key milestones

    • GELEX Electric (GEE) listed on UPCoM
    • Strengthened corporate governance and risk management
    • Advanced ESG initiatives
    • Expanded international partnerships

    Optimized the investment portfolio

    2025 - 2026

    Building the Foundation for GELEX 2030

    GELEX is entering a new stage of growth with a clear ambition: to become Vietnam’s leading investment group. To support that ambition, the Group has refreshed its Mission, Vision, and Core Values, introduced the GELEX 2030 Strategy, adopted IFRS reporting, expanded access to international capital, prepared GELEX Infrastructure for listing, and continued investing in leadership development and organizational capability.

    Together, these initiatives are strengthening GELEX’s competitiveness, expanding its access to global capital, and preparing the Group for its next phase of growth.

    Key milestones

    • Introduced the GELEX 2030 Strategy
    • Refreshed the Group’s Mission, Vision, and Core Values
    • Adopted IFRS reporting
    • Expanded access to international capital
    • Prepared GELEX Infrastructure (GEL) for listing
    • Continued investing in leadership and organizational capability
    • Relocated the Group’s headquarters to 27–29 Ly Thai To Street, Hanoi
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Vision

Vision

GELEX – Vietnam’s No.1 investment group, leading with Growth, Efficiency, and Sustainability.

Mission

Mission

Together, we shape Vietnam’s future by building efficient, sustainable, and leading enterprises.

Core Values

Integrity

Synergy

Innovation

Prize

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Partners

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