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Bosch expands operations in Vietnam
The world’s leading technology and services supplier Bosch has announced that it will continue expanding its operations in Vietnam following success in 2012.
Last year, the German group’s global sales reached US$68.3 billion (up 1.9 percent against 2011), with Asian sales fetching US$16.4 billion.
In Southeast Asia alone, its revenue was US$912.6 million, of which US$286.4 million came from the Vietnamese market, up 31.3 percent.
At a press briefing in HCM City on June 26, Vo Quang Hue, Managing Director of Bosch Vietnam, said Bosch is the largest European investor in Vietnam, with its facilities operating in Hanoi, HCM City, Danang and Dong Nai.
Sales of its products last year saw growth rates of between 14 and 40 percent, making Vietnam the group’s second key market in Southeast Asia.
Bosch considers Vietnam as its strategic investment destination in Southeast Asia, said Hue.
Despite the impact of the global economic recession, the number of the groups employees increased 36 percent in 2012 to 1,200.
In 2013, Hue said Bosch Vietnam will market new products and solutions and open new distribution networks across the country.
In the next 3-4 years, Bosch Vietnam is planning to hire up to 500 research and development engineers.
In the future, the group will help build vocational training centres meeting German standards, to supply human resources to the company.