Abundant human resources with enhanced skills together with improvedinvestment attraction policies have made Vietnam attractive toforeign investors.
President of the German Bosch Group’sGasoline Systems division, Dr. Rolf Bulander, made the remark at arecent interview granted to Thoi bao Ngan hang (Banking Reviews).
Explainingwhy Bosch decided to inject 55 million EUR into Vietnam , in thecontext that inflation directly affects domestic production andbusiness, Dr. Rolf Bulander said that Vietnam is a member of theWorld Trade Organisation with political stability and a growing economy.
Bosch also realised that Asia-Pacific is an emergingmarket with potentials and the Southeast Asian region alone í expectedto account for 30 percent of Bosch’s total revenue in 2015.
The group’s investment in Vietnam , including a 30 million EUR hightech production facility for push-belts used for continuously variabletransmission (CVT) in automobiles
in Long Thanh IndustrialPark in the southern province of Dong Nai , reflected itscommitment of long-term presence and investment in the Southeast Asiancountry, the President said.
In his opinion, despite the factthat Vietnam’s car manufacturing and supporting industries have yet todevelop strongly, Bosch still anticipated the sector’s developmentpotentials.
With a convenient transport location, Vietnamacts as a gateway to many regional countries. Further more, the countryhas set up good trade relations with Japan and China , which areBosch’s major markets.
With an expected output of 2.3million products by 2015, the plant in Long Thanh IP will become a majorprovider for the whole Asia-Pacific region, he said.
The chairman suggested Vietnam create a open investment attraction policy to become more attractive to foreign investors.
Thegovernment should also invest more in supporting industries in orderfacilitate foreign partners’ investment in hi-tech industries.
Improving human resources quality, upgrading infrastructure and makinguse of available advantages make Vietnam an attractive destination forforeign investors, Rolf Bulander said./.
President of the German Bosch Group’sGasoline Systems division, Dr. Rolf Bulander, made the remark at arecent interview granted to Thoi bao Ngan hang (Banking Reviews).
Explainingwhy Bosch decided to inject 55 million EUR into Vietnam , in thecontext that inflation directly affects domestic production andbusiness, Dr. Rolf Bulander said that Vietnam is a member of theWorld Trade Organisation with political stability and a growing economy.
Bosch also realised that Asia-Pacific is an emergingmarket with potentials and the Southeast Asian region alone í expectedto account for 30 percent of Bosch’s total revenue in 2015.
The group’s investment in Vietnam , including a 30 million EUR hightech production facility for push-belts used for continuously variabletransmission (CVT) in automobiles
in Long Thanh IndustrialPark in the southern province of Dong Nai , reflected itscommitment of long-term presence and investment in the Southeast Asiancountry, the President said.
In his opinion, despite the factthat Vietnam’s car manufacturing and supporting industries have yet todevelop strongly, Bosch still anticipated the sector’s developmentpotentials.
With a convenient transport location, Vietnamacts as a gateway to many regional countries. Further more, the countryhas set up good trade relations with Japan and China , which areBosch’s major markets.
With an expected output of 2.3million products by 2015, the plant in Long Thanh IP will become a majorprovider for the whole Asia-Pacific region, he said.
The chairman suggested Vietnam create a open investment attraction policy to become more attractive to foreign investors.
Thegovernment should also invest more in supporting industries in orderfacilitate foreign partners’ investment in hi-tech industries.
Improving human resources quality, upgrading infrastructure and makinguse of available advantages make Vietnam an attractive destination forforeign investors, Rolf Bulander said./.
