GELEX Energy

Vietnam Electrical Equipment Joint Stock Corporation (GELEX - stock code GEX), formerly known as Electrical Engineering Equipment Joint Stock Corporation, was established under Decision No. 237 QD/CNNg-TCNS dated July 10th, 1990 of Ministry of Heavy Industry (Now Ministry of Industry and Trade), under the scheme of accumulating firms of production, business, service, and electrical engineering research managed by the Ministry of Heavy Industry. With over 30 years of development accompanied by the expansion and reconstitution with the aim of optimizing resources, GELEX has become a large corporation having the market capitalization of more than VND 9 trillion. GELEX devises the structure of a private equity holding company focusing on pursuing the sustainable development of its two core business activities including: - Industrial production combines electrical equipment and construction material manufacturing; - Infrastructure combines production of renewable electricity sources and pure water and industrial zone development investment including housing for experts and workers as well as social housing for local laborers in the vicinity of the industrial parks. In Industrial production field, by superb quality of diversified products and outstanding services along with acquisition of hardly achievable international standards, GELEX has affirmed its leading position in the production sector. In Infrastructure, GELEX invests in industrial real estate, aiming to be one of the leading developers of industrial real estate in Vietnam. Besides, GELEX concentrates on developing renewable energy (wind and solar power) and pure water production.