Bosch boasts a 20% sales growth in Vietnam in 2018 and promises additional investment of 86 million euros in the next five years.
On Tuesday, July 2, Bosch Automotive Research and Development (R&D) Center celebrated its fifth year anniversary at Deutsches Haus, 33 Le Duan, Ben Nghe, Ho Chi Minh, Vietnam. Established in 2014 with an accumulated investment of more than USD 20 million (17 million euros), the R&D center today houses more than 70 engineers and is an integral part of Bosch’s operations in Vietnam.
Initially focused on researching automotive technologies as well as on further developing the skills of the company’s workforce in Vietnam, the R&D center has since expanded its scope to lead the product development of electrical components in the application of active safety and engine management systems. Apart from driving technological advancements for two of Bosch’s automotive manufacturing plants in Thailand and Germany, the center has also started development collaborations with other similar Bosch locations in Asia Pacific, Europe, North and South America.
Mr. Guru Mallikarjuna, Managing Director of Bosch Vietnam, spoke at the ceremony about Bosch’s accomplishments in Vietnam, stressing Bosch’s strong growth rate and the large potential for auto sector growth in Vietnam. Mr Guru especially praised the new regional two-wheeler and power sports division, established last year in Ho Chi Minh City, and promised to continue investing in Vietnam, starting with an investment of 86 million euros in the next five years.
“As a key manufacturing and R&D location for Bosch global mobility solutions, strong investments into increasing the capacity and capability of our plants are essential to keeping our competitive edge besides meeting the growing demand for our products and solutions,“ Mr. Guru said at the ceremony.