Bosch to pump extra $47m in Dong Nai

bizhub

Bosch Group will pump an extra US$47 million into its manufacturing plant in the southern province of Dong Nai, adding to the capital already invested by the group over the past few years.

Last year, Bosch Vietnam’s domestic sales revenue stood at $98.9 million, a year-on-year increase of 40 per cent. — Photo baodautu.vn

Bosch Group will pump an extra US$47 million into its manufacturing plant in the southern province of Dong Nai, adding to the capital already invested by the group over the past few years.

In 2015 and 2016, Bosch poured $23 million and $22 million, respectively, into the plant. The increase in investment is aimed at meeting the demand for the automotive belt in the Southeast Asian and Asian markets, baodautu.vn reported.

Bosch is one of the world’s leading global suppliers of technology and services, headquartered in Germany.

Last year, Bosch Vietnam’s domestic sales revenue stood at $98.9 million, a year-on-year increase of 40 per cent.

Vo Quang Hue, managing director of Bosch Vietnam Company Ltd, said as Viet Nam accelerates the industrialisation and urbanisation process, it is aiming for a smart economy. These trends provide an opportunity for Bosch to diversify its products, especially in connectivity solutions for a smart city and Industry 4.0, he added. — VNS

  • Share:

see also

Việt Nams GDP predicted to surpass Singapores in 2029

Việt Nam's GDP predicted to surpass Singapore's in 2029

Việt Nam is making significant strides in economic growth, with projections indicating it could surpass Singapore''s GDP by 2029. 
Fraudulent planting area codes threaten Việt Nams durian exports

Fraudulent planting area codes threaten Việt Nam’s durian exports

China imports over 90 per cent of Việt Nam''s durians, but recently, fraudulent activities involving planting area codes and packaging facility codes have emerged.
Petroleum firms asked to promote selling of biofuel

Petroleum firms asked to promote selling of biofuel

In addition to E5RON92 gasoline, MoIT requires producers and traders to research the production and import of E100 fuel.
Việt Nam becomes second biggest garment exporter globally

Việt Nam becomes second biggest garment exporter globally

Việt Nam’s garment and textiles export is projected to hit nearly US$44 billion this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao...
Bình Dương Province creates many incentives for large FDI projects

Bình Dương Province creates many incentives for large FDI projects

Bình Dương Province attracted more than US$2 billion in foreign direct investment in 2024, exceeding the set target, continuing to affirm its position as one of the leading localities in the country in attracting foreign direct investment (FDI).