On the afternoon of March 3, 2025, Vietnamese Electric Cable Corporation (CADIVI) successfully held the Commencement ceremony for its consulting project on the development and implementation of an Enterprise Risk Management (ERM) framework,\u00a0 with advisory support from Ernst & Young Vietnam Limited Liability Company (EY Vietnam). \/em>\/p>\n

The event was attended by Mr. Dau Minh Lam, Independent Board Member of GELEX Group and Chairman of the Audit Committee, along with the Group’s Risk Management Board.\u00a0 Representing CADIVI were Mr. Le Ba Tho – Chairman of the Board of Directors; Mr. Ho Quang Nhan – CEO, along with CADIVI\u2019s executive management and relevant specialists.\/p>\n

The consulting project for developing and implementing the ERM framework marks a significant milestone in CADIVI\u2019s development strategy. It aims to enhance the company’s risk management capabilities, ensuring sustainable growth in an ever-changing business environment while aligning with the overarching direction of GELEX Group\/p>\n

The project seeks to establish and implement a comprehensive ERM framework, including: Regulations, key performance indicators, processes, tools, and an information system to support effective risk management, etc Additionally, it focuses on proposing flexible\u00a0 respone measures to help CADIVI adapt its strategy in alignment with sustainable development objectives.\/p>\n

\
Representatives from GELEX Group\u2019s leadership, CADIVI\u2019s executive board, and EY Vietnam\u2019s consulting team attended the launch event for the consulting project on ERM framework development and implementation. \/em>\/figcaption>\/figure>\n

During the event, EY Vietnam experts provided a detailed overview of enterprise risk management and the specific approach being implemented at CADIVI. Rather than solely concentrating on controlling foreseeable risks through traditional methods, CADIVI is adopting a proactive approach\u2014not only identifying and managing risks but also leveraging market fluctuations to create competitive advantages.\/p>\n

Speaking at the event, Mr. L\u00ea B\u00e1 Th\u1ecd, Chairman of CADIVI\u2019s Board of Directors, emphasized that this is an opportune time for CADIVI to develop and implement its ERM framework. With the expertise of EY Vietnam\u2019s consulting team, the dedication of all employees, and the strong support from the executive board, he expressed confidence that the project will succeed and deliver practical value, significantly contributing to CADIVI\u2019s sustainable development.\/p>\n

\
Chairman of CADIVI’s Board of Directors, Mr. Le Ba Tho, emphasized the project’s significance as a key pillar in the company’s sustainable development strategy.\/em>\/figcaption>\/figure>\n

As part of the event, CADIVI\u2019s leadership introduced 18 Risk Ambassadors. With their solid expertise, strong communication skills, and open, innovative mindset, these ambassadors will play a key role in fostering a risk-aware culture throughout the company, integrating risk management into daily operations.\/p>\n

Mr. \u0110\u1eadu Minh L\u00e2m, a GELEX Group Board Member, stated that\u00a0 GELEX and CADIVI are continuously evolving and hold substantial growth potential.\u00a0 Given the rapidly changing business environment, adopting an ERM framework is more critical than ever.\u00a0 He emphasized that businesses must not only accelerate to seize opportunities but also proactively manage risks to maintain a balance between growth and security, laying a solid foundation for future breakthroughs.\/p>\n

The ERM project at CADIVI is part of Phase 2 of GELEX Group\u2019s system-wide risk management capacity enhancement initiative.\u00a0 Under the guidance of GELEX\u2019s leadership and with contributions from employees, Phase 1 was successfully completed in December 2024. This phase involved the issuance of all ERM framework documents and the development of a Risk Profile\u2014a key document compiling essential risk-related information\u2014for the Group and two sub-holdings.\/p>\n

Following its implementation at CADIVI, the project will proceed to Phase 3, expanding the development of the ERM framework to other subsidiaries. This effort aims to establish a unified, sustainable, and efficient risk management system across the GELEX Group.\/p>\n

 \/p>\n","protected":false},"excerpt":{"rendered":"

On the afternoon of March 3, 2025, Vietnamese Electric Cable Corporation (CADIVI) successfully held the Commencement ceremony for its consulting project on the development and implementation of an Enterprise Risk Management (ERM) framework,\u00a0 with advisory support from Ernst & Young Vietnam Limited Liability Company (EY Vietnam). The event was attended by Mr. Dau Minh Lam, […]\/p>\n","protected":false},"author":22,"featured_media":11311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,63],"tags":[],"class_list":["post-11320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events","category-news-en"],"yoast_head":"CADIVI initiates consulting project on enterprise risk management Framework development and implementation - Gelex Holdings<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gelex.vn\/en\/news-en\/cadivi-initiates-consulting-project-on-enterprise-risk-management-framework-development-and-implementation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CADIVI initiates consulting project on enterprise risk management Framework development and implementation - Gelex Holdings\" \/>\n<meta property=\"og:description\" content=\"On the afternoon of March 3, 2025, Vietnamese Electric Cable Corporation (CADIVI) successfully held the Commencement ceremony for its consulting project on the development and implementation of an Enterprise Risk Management (ERM) framework,\u00a0 with advisory support from Ernst & Young Vietnam Limited Liability Company (EY Vietnam). 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