Vingroup and Bosch Vietnam signed a memorandum of understanding (MoU), over the VinFast automobiles and electric motorcycles project on Thursday, marking an important milestone between the two sides.

According to the MoU, the two sides will consider comprehensive co-operation in the field of automobile and electric motorcycle production, including hardware solutions, software and services for VinFast.

In terms of hardware, with the advantage of being one of the world’s largest suppliers of technology and automotive components, Bosch will provide VinFast with parts that will be of top quality, compliant with the manufacturing process. As for software, Bosch will support and advise VinFast to deploy software for automobiles, motorcycles, and corporate management software, such as design solutions, and user experience and customer development.

In particular, Bosch and Vingroup will jointly research and apply the world’s leading advanced technologies for VinFast models, aiming to roll out modern vehicles. In addition, the MoU also mentions a smart campus solution for the VinFast Automobile Factory Complex, including security solutions, intelligent security, connected mobility and intelligent operation, as well as energy management, consulting and deploying of a connected industry.

In addition, Bosch will advise VinFast on the establishment of a vocational training centre. With experience in investing over US$1 million in vocational training in the industrial sector and training highly qualified local workers, Bosch is expected to be a suitable partner to meet the needs of VinFast.

As planned, VinFast will establish a training centre of mechanical and electronic engineering in accordance with German standards to gather qualified staff to operate modern and advanced manufacturing lines and gradually receive the transfer of technology from foreign partners.

Speaking at the signing ceremony, Guru Mallikarjuna, General Director of Bosch Vietnam, said the signing ceremony of this MoU marked an important milestone in the co-operation between Bosch and Vingroup. With comprehensive expertise in vehicle technology, Bosch was committed to supporting Vingroup to successfully implement this project, he said.

General Director of Vingroup Duong Thi Mai Hoa, said the co-operation with Bosch and other leading technology partners in the world was the main part of VinFast’s strategy to move up and apply the most modern technology for manufacturing automobiles and electric motorcycles. “We will provide our customers with products that are not only high quality and safe, but also made using excellent technology," said Hoa.

Even though VinFast announced its entry into the automobile industry only on September 2, within 40 days, VinFast kicked off construction of an auto manufacturing plant. It started recruiting senior international personnel, introduced a collection of 20 car models from four prestigious design studios for public selection and successively signed co-operation agreements with Bosch and Siemens.

This proves Vingroup’s determination in achieving the target of engaging in motorcycles after 12 months and cars after 24 months, which will be modern in style and quality, of international standards, yet suitable to Vietnamese tastes. — VNS