This information was announced on the morning of February 19 at the 5th Spring Real Estate Forum and the 2024-2025 Leading Real Estate Brand Honoring Ceremony.

The Top 10 Industrial Real Estate Developers of 2024 recognizes GELEX Group’s tireless efforts in creating modern industrial parks, contributing to the advancement of industrial real estate in Vietnam.

The award is organized by the Vietnam Institute of Real Estate Studies (VIRES) in collaboration with the Vietnam Real Estate E-Magazine (Reatimes), and it is selected by readers through the Reatimes.vn platform and a direct, independent, and objective selection council, which includes leading journalists and experts in economics, law, planning, architecture, construction, and real estate in Vietnam.

Representatives of GELEX Group Joint Stock Company receive the honoring trophy and certificate at the ceremony.

GELEX was highly evaluated by the selection council based on several criteria: compliance with laws and state policies; sustainable growth potential; high credit from partners; and numerous large-scale projects.

Operating as an investment group, GELEX plays a guiding role for its member companies in developing the industrial park and real estate sectors according to criteria of growth, efficiency, and sustainability.

Currently, Viglacera Corporation – JSC, a member of GELEX Group, is operating 16 industrial parks covering over 4,500 hectares, attracting more than 400 domestic and foreign investors with quality capital reaching up to tens of USD billion.

With the industrial parks that have been invested in and are currently in operation, Viglacera actively implements transformations and upgrades to achieve the highest level of environmental sustainability. This change is a testament to the company’s vision and responsibility toward the community and sustainable development.

Viglacera’s industrial parks have attracted up to USD 18 billion in investment, with more than 70% being foreign investment.

Recently, Viglacera has been approved to invest in three additional industrial parks: Dốc Đá Trắng Industrial Park (Khánh Hòa Province), Sông Công II Industrial Park (Thái Nguyên Province), and Trấn Yên Industrial Park (Yên Bái Province), adding 839.04 hectares to its total industrial land bank.

For these new projects, Viglacera has set strict standards aimed at creating green and smart industrial parks that minimize resource and fuel consumption, reduce water usage, and decrease environmental pollution.

In the coming time, the development of industrial park infrastructure and industrial real estate will remain a top priority in GELEX Group’s investment strategy.

The development of industrial park infrastructure is also being implemented by GELEX through a joint venture with Frasers Property Vietnam. In 2024, the two parties broke ground on four premium industrial centers that meet international green building standards.

According to the 2024 financial statements, GELEX posted a profit of over VND 3.6 trillion, an increase of 158.6% compared to 2023, exceeding the planned target by 88.2%. Notably, outstanding business results were recorded in the electrical equipment, industrial park, and real estate sectors. This impressive business performance comes in the context of an economy facing many challenges, demonstrating that the company has effectively adapted and optimized its core business operations.

In the near future, the development of industrial park infrastructure and real estate will continue to be a top priority in GELEX Group’s investment strategy. This sector is expected to yield positive results as foreign direct investment increasingly flows into Vietnam.

PR DEPARTMENT