VIETNAM ELECTRICAL EQUIPMENT JOINT STOCK CORPORATION

Company’s name in English:VIETNAM ELECTRICAL EQUIPMENT JOINT STOCK CORPORATION

Abbreviated name:GELEX

Vietnam Electrical Engineering Equipment Joint Stock Corporation, currently known as Vietnam Electrical Equipment Joint Stock Corporation, was incorporated in 10th July 1990 to rally the strength of production and business units operating in the electrical engineering industry.

Since its inception, Vietnam Electrical Engineering Equipment Joint Stock Corporation has changed its organizational structure model to Vietnam Electrical Equipment Joint Stock Corporation with aholding company-subsidiary model in 2006 and officially equitized as Vietnam Electrical Equipment Joint Stock Corporation (GELEX) in December 2010.

 

Having started with achartered capital of VND 177 billion, revenue approximately VND 300 billion, by the middle of 2017, the Corporation’s chartered capital has increased 13 times to VND 2.320 billion, while the revenue by the end of 2016 has increased 24.7 times to VND 7.410 billion.

After many years of operation, GELEX has successfully established itself in the markets. The member companies have continuously been growing with an extensive network and widely used products. The annual growth rate of the Corporation has reached 12% - 16%, setting momentum for the new development phase with the expected revenue of over USD 1 billion by 2020.

Organizational Chart

Currently, Vietnam Electrical Equipment Joint Stock Corporation GELEX has eight subsidiaries and one associated company, operating under the corporation model in the fields of industry, infrastructure, logistics, real estate and investment.

Organizational Structure of GELEX

Developed history

  • 1990
  • 2010
  • 2015
  • 2017
  • 2018

Formerly known as Electrical Engineering Equipment Corporation, with a sole focus in the electrical engineering industry

Equitization
- Charter capital $62 mil USD
- State ownership 87%

Privatization
- Revenue: $369 mil USD
- Charter capital: $68 mil USD

Business expansion
- Revenue: $528 mil USD
- Charter capital: $117 mil USD
- Acted as holding company
- Participated in other industries including logistics, water supply, energy

Restructuring
- Expected revenue: $661 mil USD
- Charter capital: $179 mil USD
- Listed on HOSE dated 18/01/2018
- 4 main business segments: Electrical Equipment Industry; Utilities; Logistics and Real Estate


Vision - Mission

Vision

"GELEX aims to become a leading multi-sector corporation in Vietnam. The corporation will foster its core business in electrical equipment production and sales, along with diversification into other industries such as utility supply, logistics, and real estate. Such a diversification will be executed in order to ultimately bring sustainable value to all shareholders."

Mission

"GELEX commits to offering customers premium products by
Modern technology solutions and outstanding services"

Branch Personality

Prestige: We are committed to doing what we say and saying what we do. For Gelex, prestige is an invaluable and inviolable asset. This is key to the success of Gelex employees and brand so far.

Quality: Product quality is our top priority. We have constantly improved ourperformance and looked for the best ways to achieve the highest satisfaction from clients within the shortest time and at the lowest cost.

Creativity: Creativity is what differentiates Gelex in the market. We have constantly improved and made great effort to to find new direction and actively create breakthroughs.

 


Leader

GELEX’ Board of Directors consists of 6 members, who are extensively experienced in the business and production of electrical equipment and real estate investment. Members of the Board of Directors have prior experience in management positions; therefore, they are strongly capable of leadershipand possess great knowledge of Vietnam’s market.

The strength of strategic vision, leadership and the ability to inspire employees will be a solid foundation to help GELEX constantly addvalue to its clients and customers. The Board of Directors is determinedto help GELEX become a symbol of prestige and maintain its position as the local leading manufacturer of electrical equipment.

Chairman of B.O.D/ General Director

Mr NGUYEN VAN TUAN

Year of birth: 1984 Experience: Enterprise management

- From January 2018 - Present: Chairman of Board of Directors/General Director at Vietnam Electrical Equipment Joint Stock Corporation (GELEX) 

- From September 2016 - Present: Standing Member of Board of Directors/General Director at Vietnam Electrical Equipment Joint Stock Corporation (GELEX)

- From May 2017 - Present: Chairman of Board of Directors at Vietnam Electric Cable Corporation (CADIVI)

- From September 2016 - Present: Chairman of the Members’ Council at Electric Measuring Instrument Co., Ltd (GELEX EMIC)

- From April 2016 - Present: Chairman of Board of Directors at South Logistics JSC., (SOTRANS)

- From December 2016 - Present: Chairman at GELEX Energy

- From July 2017 - Present: Vice Chairman of Board of Directors at S.A.S - CTAMAD Joint Venture Company

- From December 2013 - Present: Vice Chairman of Board of Directors at Fecon Infrastructure JSC

Member of Board of Directors

Mr NGUYEN HOA CUONG

Year of birth: 1961 Experience: Enterprise management

- January 2018 - Present: Member of Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (GELEX) 

- July 2010 - January 2018: Chairman of Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (GELEX)

- 2007 - Present : Vice Chairman of Board of Directors at  TNHH SAS-CTAMAD - Melia Hotel Hanoi

- 2011 - September 2016: Chairman of Board of Directors at Hanoi Electromechanical Manufacturing Joint Stock Company (HEM) 

- 2014 - 2016: Chairman of the Members’ Council at CFT

Member of Board of Directors

Mr NGUYEN TRONG TIEU

Year of birth: 1959 Experience: Enterprise management

- 2010 - Present: Member of Board of Directors of Vietnam Electrical Equipment Joint Stock Corporation (GELEX)

- September 2016 - Present: General Director at Electrical Measuring Instrument Company Limited (GELEX EMIC)

- 2015 - Present: Chairman of Board of Directors at Electrical Equipment Joint Stock Company (THIBIDI)

- 2014 - Present: Chairman of Board of Directors at Hai Duong Pump Manufacturing Joint Stock Company

- 2010 - August 2016: General Director at Vietnam Electrical Equipment Joint Stock Corporation

Member of Board of Directors

Mrs NGUYEN THI BICH NGOC

Year of birth: 1958 Experience: Enterprise management

- 2010 - Present: Member of Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (GELEX)

- 2008 - Present: Vice Chairman of Board of Directors at Capitaland - Hoang Thanh Investment Co., Ltd

- 2004 - Present: Chairman of Board of Directors at Hoang Thanh Investment and Infrastructure Development Joint Stock Company

- 2004 - Present: Chairman of Board of Directors at Vietnam International Township Development Joint Stock Company (VIDC)

- 2004 - Present: Chairman of Board of Directors at Vinaconex – Hoang Thanh Urban Development and Investment Joint Stock Company

Member of Board of Directors

Mr VO ANH LINH

Year of birth: 1980 Experience: Enterprise management

- March 2016 - Present: Member of Board of Directors of Electrical Equipment Company - THIBIDI

- June 2015 - Present: Chairman of Board of Directors at Post and Telecommunications Investment and Construction Joint Stock Company

- July 2016 - Present: Member of Board of Directors at Tran Phu Electric Mechanical Joint Stock Company

Member of Board of Directors

Mrs DO THI PHUONG LAN

Year of birth: 1977 Experience: Enterprise management

- 2018 - present: Member of BOD of Vietnam Electric Equipment Joint Stock Corporation GELEX

- 2017 - present: General Director of GELEX Land LTD.,

- 2011 - 2016: Investment Director of R.C. Development and Documentation Corporation (Refico)

- 2007 - 2010: Director of Sai Gon Investment Fund A2, Thanh Viet Investment Fund Management JSC.,

- 2004 - 2010: Investment Director, Nautilus Equity Holdings, Hong Kong


Customers and Partners