3 years in a row, GELEX reached TOP 50 largest enterprises in Vietnam 2022

GELEX Group was honored as one of the 50 largest enterprises in Vietnam in 2022 at VNR500 ranking announcement ceremony on January 5th.

This is the third year in a row that GELEX Group has been honored in the prestigious annual ranking organized by Vietnam Report in collaboration with VietnamNet Global.

According to this ranking, GELEX ranked 42nd in the TOP 50 largest enterprises in Vietnam, up by 24 ranks compared to 2021. In particular, among the largest private enterprises in Vietnam, GELEX ranked 17th, up by 9 ranks compared to 2021.

Representative of GELEX Group received the certificate of Top 50 largest enterprises in Vietnam in 2022.

The VNR500 ranking entered its 16th year on the way to finding, recognizing and honoring the worthy achievements of large-scale enterprises, which has shown resilience and beomce the leader of the Vietnam’s economy in the face of unexpected fluctuations of the international context.

Top 50 largest enterprises in Vietnam in 2022 were selected based on the key criteria of revenue, total assets, ability to maintain stable and sustainable business performance through revenue and profit indexes in the period of 2021-2022.

In 2021, despite being severely affected by the Covid-19 pandemic, with the efforts, determination and solidarity of the whole system, GELEX flexibly adapted to the epidemic and stabilized its production and business operation. As a result, in 2021, GELEX Group recorded consolidated net revenue of VND 28,578 billion and consolidated profit before tax of VND 2,057 billion.

In 2022, GELEX set a target of VND 36,000 billion in revenue and VND 2,618 billion in consolidated profit before tax, a high growth rate of 26% and 27% respectively compared to the implementation in 2021.

In the first 9 months of 2022, GELEX’s total consolidated net revenue and profit before tax increased by 29% and 25% respectively over the same period last year, completing 68% of the 2022 plan. Major contribution to net income was the key business segments building GELEX’s name, such as: electrical equipment, building materials, real estate in industrial parks.

Currently, GELEX owns various reputable brands in the market such as: Viglacera, Song Da Water Plant, CADIVI power cables, EMIC electrical measuring equipment, THIBIDI transformers, HEM electric motors, etc.

Growth potential from core segments helped GELEX develop sustainably, aiming to become a leading investment group in Vietnam.

The ranking of 500 largest enterprises in Vietnam 2022 also honored two member enterprises of GELEX, Viglacera Corporation and Vietnam Electric Cable Joint Stock Corporation (CADIVI).

A representative of the VNR500 Organizing Committee noted that, with the efforts to overcome difficulties and the contribution and companionship with the community during the past time, the members of the Top 500 Largest Enterprises in Vietnam in 2022 fully had the right to proud to be one of the most typical enterprises, key factors contributing to stabilize the economy, hence making many opportunities for Vietnam to affirm its position and rise.