Based on the measurement of revenue growth, return on equity, and earnings per share over three consecutive years, GELEX Electricity Joint Stock Company (GELEX Electric) and Viglacera Corporation – JSC have been named in the prestigious ranking announced on December 11th in Ho Chi Minh City.

The “Top 50 Most Effective Companies in Vietnam” ranking has been conducted annually since 2011 by Nhip Cau Dau Tu Magazine and Thien Viet Securities Company to objectively assess the management capacity of businesses.

A representative of GELEX Electricity Joint Stock Company received the certificate for being in the Top 50 Most Effective Companies in Vietnam 2024.

This year marks the first time GELEX Electric has appeared in this ranking. Currently, GELEX Electric manages 8 subsidiaries, producing and providing a complete range of products across the entire electrical value chain, from transmission to distribution and residential applications. Among them are several national brands with the largest market share in Vietnam, such as: CADIVI power cables, THIBIDI transformers, EMIC electrical measuring device.

For the past three consecutive years, GELEX Electric has achieved remarkable business results in the context of a challenging macroeconomic environment.

GELEX Electric focuses on investing in research and development of high-tech, environmentally friendly products.

As of the first 9 months of 2024, the company has shown impressive growth. Revenue reached VND 14.648 billion. Profit before tax reached VND 1.350 billion, marking a 70% increase compared to the same period last year and exceeding the annual plan by over 16%.

In its development strategy, GELEX Electric guides its subsidiaries to intensify the production of high-tech, environmentally friendly electrical equipment for smart grids; it also aims to collaborate on the research and development of new high-tech products such as: fire protection products, security equipment, monitoring…

The company is also making efforts to establish a transparent governance model, with the goal of achieving effective business operations that deliver value to shareholders and spread benefits to employees and the community.

Also included in the 2024 Top 50 Most Effective Companies in Vietnam ranking is Viglacera Corporation – JSC. According to the Award Organizing Committee, on average in the 3 years from 2021-2023, Viglacera has recorded impressive numbers: The compound growth rate (SR-CAGR) reached 12.0%, return on equity (ROE) reached 19.0% and return on stock (Stock return) reached 137.0%. This success is attributed to breakthrough business initiatives and significant investments in product and service quality. Viglacera has continuously created exceptional value to meet the growing demands of the market.

Along with this, Viglacera is honored to be named in the “Outstanding Real Estate 2024” category for projects that have set new standards for living spaces in Vietnam, contributing to improving the quality of life for residents and promoting the development of local areas. This success comes not only from significant investments in infrastructure and amenities but also from a strong focus on green, environmentally-friendly elements.

A representative of Viglacera Corporation – JSC received the “Top 50 Most Effective Companies in Vietnam 2024” award.

With over 50 years of contributing to the development of Vietnam’s construction industry, Viglacera Corporation – JSC has not only focused on economic growth but also pioneered the creation of a green, integrated building materials ecosystem for every project, with product lines including: Sanitary ceramics, shower faucet, autoclaved aerated concrete, sintered stone, ceramic tiles, ultra-clear glass, energy-saving glass, ultra-clear glass, etc.

By choosing environmentally friendly materials, applying modern production technologies, and optimizing processes, Viglacera has continuously innovated and created high-quality products that meet the stringent standards of the market. This affirms the company’s commitment to sustainable development and enhancing the quality of life.

With the vision of becoming Vietnam’s leading investment group, GELEX directs its subsidiaries to improve business production efficiency and focuses on the goal of sustainable development, prioritizing the environment and the collective well-being of the community.