• 1990

    • Electrical Engineering Equipment Joint Stock Corporation, currently known as Vietnam Electrical Equipment Joint Stock Corporation, was established under Decision No. 237 QD/CNNg-TCNS on July 10th, 1990 of Ministry of Heavy Industry (Now Ministry of Industry and Trade).
    • Major business: Production, service and direct import – export of electrical equipment, electrical engineering materials.
    • Total charter capital: VND 177 billion.

    2006

    • Transformed into Parent Company – Subsidiaries Model under the Decision No.127/2006/QD-BCN on August 2nd, 2006 of Ministry of Industry and Trade.
    • Major business: Import and export of electrical equipment and materials, industrial and civil electrical spare parts; Designing, manufacturing, trading and repairing electric measuring and counting equipment; Real estate, hotel services, tourism and offices for rent.
    • Total charter capital: VND 500 billion.

    2010

    • Implemented equitization in accordance with Decision No. 1422/QD-TTg dated 10/08/2010 by the Prime Minister.
    • Renamed as Vietnam Electrical Equipment Joint Stock Corporation; registered trademark logo protection
    • Total charter capital: VND 1,400 billion.

    2015

    • Revenue: VND 8,382 billion.
    • Profit before tax: VND 574 billion.
    • Charter capital was raised up to VND 1,550 billion
    • 10/2015: Transacted on UPCOM – HNX.

    2017

    • Revenue: VND 11,984 billion.
    • Profit before tax: VND 1,658 billion.
    • Charter capital was raised up to VND 2,668 billion.
    • Expansion of business areas:
    – Energy field (establishing Gelex Energy One-member Limited Company);
    – Logistics field (M&A South Logistics Joint Stock Company – SOTRANS);
    – Pure Water field (M&A of Song Da Water Investment Joint Stock Company).

    2018

    • Revenue: VND 13,699 billion.
    • Profit before tax: VND 1,533 billion.
    • Charter capital: VND 4,065.6 billion.
    • 18/01/2018: Traded on Ho Chi Minh Stock Exchange (HOSE) – GEX code.
    • Operation under the model of a corporation, focusing on 2 areas: Industrial production (electrical equipment) and Infrastructure (electricity – water – logistics – real estate).

  • 2019

    • Revenue: VND 15,315 billion.
    • Profit before tax: VND 1,102 billion.
    • Charter capital: VND 4,882 billion.
    • Investment focused on:
    – Industrial production (manufacturing and trading electrical equipment);
    – Infrastructure (electricity production, pure water and office real estate).

    2020

    • Target revenue: VND 19,600 billion.
    • Target profit before tax: VND 975 billion.
    • Core business development:
    – Industrial production (electrical equipment and construction materials);
    – Infrastructure (electricity and pure water production, investment in the development of industrial zones and ecosystems around the industrial parks).

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