The German company Bosch Vietnam was awarded a certificate of "High-Tech Status" yesterday from the Ministry of Science, Technology and Environment for its use of high technology and investment.— Photo baodautu

HCM CITY (Biz Hub) — The German company Bosch Vietnam was awarded a certificate of "High-Tech Status" yesterday from the Ministry of Science, Technology and Environment for its use of high technology and investment.

Under current regulations, the certificate is granted to businesses that for three consecutive years have invested at least one per cent of their turnover to research and development work. The investment in the fourth year should be higher than 1 per cent. Among other requirements, its research and development team should represent at least 5 per cent of its total staff.

Earlier this month, the company established its second R&D centre in Viet Nam, an automotive one in HCM City.

"Our local engineers are highly motivated, and the positive experience from our software and engineering R&D centre in HCM City has given us the confidence to expand our engineering capacity in Viet Nam," said managing director Vo Quang Hue.

The first software and engineering R&D centre, set up in 2010, has 500 associates to meet increasing demand for customised software development and solutions in Southeast Asia. Bosch first started operation in Viet Nam in 1994 and in 2008 set up its wholly-owned subsidiary, Robert Bosch Vietnam Co. — VNS