B. Braun expands investment in Vietnam

March 06, 2014 | 17:00

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Germany’s B. Braun Vietnam Co. Ltd announced Wednesday that it would expand its medical facility in Hanoi’s Thanh Oai district.

The company will invest some $50 million in the second phase, which is slated for completion within 18 months.

Speaking at the ceremony, Meinrad Lugan, a member of B. Braun Melsungen AG’s management board said: “Our vision of the future in Vietnam is to bring significant investment over the next nine years, with the opportunity to create 1,300 jobs. B. Braun is proud to strengthen the image of made in Vietnam products with a consistent high level of quality achieved through continual training and skills development of its employees.”

B. Braun completed the first phase of the facility in July 2011 with the total investment of $54 million. B. Braun founded its first representative office in Ho Chi Minh City in 1992. The company inaugurated its first factory in Hanoi in 1997 and in 2008 built the Thanh Oai plant.

Last year B. Braun Vietnam reported its sales turnover of $72 million, including $34.6 million, 48 per cent, of domestic sales and $37.4 million in exports.

By By Kieu Linh

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