GELEX Named Among Southeast Asia’s Top 500 Companies by Fortune Magazine (2025)

Fortune magazine has officially announced the 2025 Southeast Asia 500 – a prestigious ranking of the region’s largest companies based on revenue in fiscal year 2024. GELEX Group (HoSE: GEX) proudly secures a position 217 out of 500, demonstrating its growing regional presence and strong business performance.

This ranking highlights the rising importance of Southeast Asia as a sustainable growth engine for the global economy – especially as the region emerges as a compelling alternative to China in the wake of ongoing trade tensions and shifting supply chains.

All seven countries represented in last year’s Southeast Asia 500 – Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia – continue to be featured this year, further reinforcing their role in the regional economy.

Among the 76 Vietnamese companies named in the list, GELEX ranks 32nd, standing out for its impressive growth momentum and consistent strategic direction. Its performance is a strong reflection of Vietnam’s rising position in the regional business landscape.

GELEX’s climb from 231st place in 2024 to 217th in 2025 showcases its solid and sustainable growth trajectory amidst increasingly intense regional competition. This is the second consecutive year GELEX has been included in the ranking, reinforcing its long-term commitment to expanding and shaping a modern, competitive business ecosystem.

According to Clay Chandler, Fortune Asia’s Executive Editor, the Southeast Asia-focused ranking underscores the region’s growing global importance. “Southeast Asia is emerging as a central hub for manufacturing and exports, attracting massive capital inflows—partly due to tariff policy shifts that began under President Trump, which continue to reshape global trade flows,” Chandler noted.

In the face of global and domestic macroeconomic challenges, GELEX has proactively embraced new trends by staying focused and agile in its key investment sectors – electrical equipment and infrastructure, which are both vital components in the evolving global value chain.

GELEX has expanded major investments in industrial parks, renewable energy, and clean water projects, while building a green production ecosystem from electrical components (CADIVI, THIBIDI) to construction materials (Viglacera).

In 2024, GELEX recorded consolidated net revenue of VND 33,752 billion and profit before tax of VND 3,613 billion, representing year-over-year growth of 12.5% and 158.6% respectively. These figures surpassed the 2024 shareholder-approved targets by 4.5% in revenue and 88.1% in profit, highlighting GELEX’s operational efficiency and scalable business model.

In Q1 2025, GELEX continued this momentum with net consolidated revenue of VND 7,916 billion (up 18.9% YoY) and profit before tax of VND 646 billion (up 67.8% YoY). The company also demonstrated strong cost control in financial, administrative, and sales expenses, further boosting performance.

GELEX is also integrating ESG (Environmental – Social – Governance) principles across its operations, working towards a modern, responsible business model that’s ready to attract green capital from global markets.

Being named among Fortune’s Southeast Asia 500 is not just a recognition – it’s a milestone that fuels GELEX’s global ambitions.

Joining other leading Vietnamese corporations such as PetroVietnam, Petrolimex, Vingroup, Vietinbank, and Vietnam Airlines, GELEX’s presence in the ranking is a clear signal of the growing strength and influence of Vietnamese enterprises on the global stage.

The Fortune Southeast Asia 500 is an annual ranking published by Fortune Magazine (USA), honoring the 500 largest companies in Southeast Asia based on revenue. Now in its second year, the 2025 list continues to reflect the region’s dynamic economic landscape and rising competitiveness. The ranking features companies from seven Southeast Asian countries: Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

PR DEPARTMENT