Vo Quang Hue, Managing Director at Bosch Vietnam Company Ltd, said as Vietnam accelerates its the industrialization and urbanization process it is looking towards a smart economy. These trends provide an opportunity for Bosch to diversify its products, especially in connectivity solutions for smart city and Industry 4.0.
Two years ago, Bosch invested more than US$23 million in improving production capacity in Vietnam. It continued to pour US$22 million for Gasoline Systems plant to produce CVT Pushbelts in Dong Nai in 2016 and around US$1 million in waste water treatment for the plant in 2015.
Currently, Bosch employs more than 3,100 associates in Vietnam, more than 40% of whom are based at its two R&D facilities in HCM City. It focuses on Vietnam’s potential to develop state-of-art technologies through connectivity solutions, especially in smart city and industry 4.0.