According to Vietnam Report, enterprises in the Top 500 fastest growing enterprises in Vietnam (FAST500) in 2025 have shown impressive resilience in the face of a series of fluctuations since 2020. Based on financial data for 2024, Vietnam Report believes that FAST500 enterprises will not only maintain a stable revenue growth rate in the 2020-2023 period but continue to have a positive growth rate in 2024, while the remaining group will have a wide dispersation, with many data points falling into the zone of decline or decreased growth momentum.
This affirms the outstanding growth capacity, adaptability, and maintaining sustainable development momentum through the financial platform and systematic business strategy of FAST500 enterprises.
According to Vietnam Report, GELEX is considered one of the typical enterprises that maintained impressive growth in the period of 2018-2024 and made many contributions to the community and society. The company was honored as Top 50 outstanding growth enterprises in Vietnam in 2025.
Inheriting the traditional business line, over the past 10 years GELEX has had spectacular changes. From a company specializing in electrical equipment manufacturing, GELEX has transformed comprehensively, becoming an investment group in core areas of Electrical Equipment and Infrastructure manufacturing.
GELEX's strategy is to grow through targeted and effective M&A, applying good governance practices and modern production management, investing in Capex with focus and implementing timely restructuring to improve the operational efficiency of member units and the group's investment portfolio, marking one of the largest private economic groups in Vietnam.
In 2025, GELEX sets a revenue target of VND37,600 billion - a record high for the group after more than 3 decades of development. If this revenue is achieved, the group will have an average revenue growth of 34.8%/year over the past 10 years.
At the 2025 Annual General Meeting of Shareholders, GELEX leaders said that businesses increase their competitive advantage by focusing on investing in human resources, developing talent, science and technology, focusing on corporate governance, aiming for growth, efficiency and sustainability.
