This marks the first time GELEX has joined the ranks of Vietnam’s largest enterprises across all economic sectors, alongside conglomerates like Viettel, Vingroup, and FPT. This recognition reflects GELEX’s operational scale and its significant position within the national economy.
According to published data, by the end of 2025, GELEX’s total assets are expected to reach approximately VND 65,251 billion. Pre-tax profits are projected at VND 4,750 billion, the highest in the company’s history.
Within its operational structure, the electrical equipment segment remains the core driver. The company has focused on expanding market share and optimizing production chains to sustain growth, while also exploring new areas for long-term momentum.
GELEX representatives receiving the Top 50 Largest Enterprises in Vietnam certification – Photo: GELEX
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In December 2025, GELEX successfully IPOed GELEX Infrastructure, auctioning 100 million shares and raising over VND 2,882 billion. Post-IPO, GELEX Infrastructure became a subsidiary specializing in infrastructure and commercial real estate within the Group.
Alongside expanding its investment activities, GELEX is enhancing its governance capabilities. The company is adopting International Financial Reporting Standards (IFRS) to improve transparency and comparability of financial information.
In 2025, HSBC arranged an unsecured loan guarantee of USD 79 million for GELEX. This financing enables the company to diversify its capital sources and access international financial institutions.
Additionally, GELEX is strengthening internal audit, risk management, workforce training, and brand-building across its ecosystem. The Group operates in diverse sectors, including electrical equipment manufacturing, construction materials, infrastructure, real estate, and finance.
2025 marks GELEX’s 35th anniversary. The company views this as a pivotal phase to strengthen its governance foundation and execute long-term strategies for the future.
– 13:42 12/01/2026
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GELEX’s Credit Rating Outlook Upgraded by VIS Rating
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