Bosch enjoys strong growth in Vietnam

According to Vo Quang Hue, Bosch Vietnam’s managing director, all Bosch business sectors in Vietnam are developing well and are contributing to the mutual success story for Bosch in Vietnam.

Bosch Vietnam achieved the strong growth rate of around 50 per cent for the fiscal year of 2015, amounting to $68 million in consolidated sales. Total net sales, including sales to non-consolidated companies and internal deliveries to affiliated companies, amounted to $293 million.

The company is active in seven sectors including automotive aftermarket, automotive electronics, drive and control technology, packaging technology, power tools, security systems and thermotechnology.

Hue attributed Bosch’s success to Vietnam’s strong economy, rising middle class and considerable number of infrastructure development projects, which presents many opportunities for its diverse business portfolio.

This year, the company plans to invest further $22 million into the gasoline systems plant for continuously variable transmission (CVT) pushbelts in Dong Nai. By the end of 2016, Bosch will have completed an investment of $340 million over the past five years to increase capacity and meet the growing global demand for this technology.

At the same time, Bosch also spends $150,000 on offerng mechatronics as a new discipline to its vocational training curricula in Vietnam. This is part of its effort to help Vietnam build a highly-skilled technical workforce. Including the additional investment for the mechatronics discipline, the amount invested into vocational training in Vietnam adds up to a total of more than $1 million since the programme began in 2013.

In addition, Bosch operates in Ho Chi Minh City a software and business soldtions research and development (R&D) centre known as Robert Bosch Engineering and Business Solutions Vietnam Co., Ltd as well as an automotive R&D centre for mobility solutions.

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