AsemconnectVietnam - The above information was announced by Vietnam Report on January 8, to honor enterprises with excellent revenue, profit, stable and sustainable business performance in the period of 2023 - 2024.

The Top 50 The Best ranking has been announced by Vietnam Report Joint Stock Company since 2015, including enterprises selected from the Top 500 Largest Enterprises in Vietnam (VNR500), based on the main criteria: revenue, profit, total assets and total number of employees.
This is the second consecutive year that GELEX Group Joint Stock Company (code GEX) has been included in this ranking, alongside large enterprises such as: Oil and Gas Group, Vingroup, Viettel, MB Bank, Agribank...
At the announcement ceremony of Vietnam Report this year, GELEX and its member units, Vietnam Electric Cable Joint Stock Company - CADIVI and Viglacera Corporation - JSC were also honored in the top 500 largest enterprises in Vietnam.
After nearly 50 years of establishment and development, CADIVI has become a long-standing electric wire and cable manufacturing enterprise and holds the number one market share in Vietnam, achieving the National Brand certification for many consecutive years. In the context of economic difficulties and increasingly fierce competition, CADIVI still strives to invest in development and sustainable growth. CADIVI's total revenue in 2023 reached VND10,084 billion, a growth rate 7 times higher than the time of equitization (2007) and nearly doubled compared to 2015 - the time when GELEX Group restructured.
Faced with unpredictable market fluctuations and increasingly diverse consumer needs, CADIVI proactively invested heavily in researching new products, modern machinery and equipment technology and increasing existing capacity to promote production and business activities.
Thanks to that, CADIVI expanded its product range from civil wires, medium and low voltage power cables... to specialized and environmentally friendly cables such as: super-heat cables, solar energy cables, airport runway lighting cables, low-smoke, non-toxic gas fire-resistant cables; electric vehicle charging station cables... This not only helps CADIVI maintain its leading position in the power cable industry but also creates opportunities to compete in the international market.
In GELEX's strong brand ecosystem, there is also Viglacera, the leading brand in the production of construction materials and industrial park development in Vietnam. From 2016 to present, Viglacera has been in the VNR 500 rankings thanks to its continuous efforts in developing production, improving competitiveness and innovation. The company has invested in depth, upgraded its technology lines, especially focusing on green technologies, creating construction material product solutions that meet the criteria of being environmentally friendly. Currently, Viglacera's green product ecosystem has been perfectly built with a full range of products that are oriented towards the green consumer market, environmentally friendly. Typical examples include: Energy-saving glass, Large-size ceramic tiles, Internally-stained terracotta, Super-white glass, PVD-coated shower faucets, Smart sanitary ware. Green Ecosystem products are the result of a long journey of investment and development, capturing and meeting consumption trends according to international standards.
Viglacera is also one of the largest and most prestigious real estate investors in Vietnam with 16 industrial parks, attracting up to 18 billion USD in foreign investment capital; is the investor of 15 urban and residential areas; 1 5-star hotel project. In 2024 alone, Viglacera will be granted investment certificates by the Government for 2 new industrial parks, Song Cong II Industrial Park (Song Cong - Thai Nguyen) and Tran Yen Industrial Park (Yen Bai) with an additional area of 550.83 hectares.
According to Vietnam Report, the enterprises in the TOP VNR500 represent important locomotives of the Vietnamese economy, to honor large-scale enterprises, maintain effective production and business activities, demonstrate resilience in the face of unexpected fluctuations from the international context and the economic growth slowdown.
N.Nga
Source: VITIC/Tinnhanhchungkhoan