Robert Bosch to boost investment in Vietnam

Decision follows five years of spectacular growth

German component supplier Robert Bosch is expanding its operation in Vietnam following spectacular growth after five years in the country. "We want to expand our distribution network and introduce new products in Vietnam, especially in the automotive aftermarket where we want to cooperate with local partners to set up more Bosch car services and Express car services nationwide," said Vo Quang Hue, managing director at Robert Bosch Vietnam. In addition, the company will continue to invest in its plant in Dong Nai province by building a new workshop and setting up new production lines to increase output in line with rising demand in the market. Quang Hue elaborated: "Between 2013 and 2014, we are planning to construct new production workshops as well as to import new equipment and machinery, which will enable us to expand production capacity to 5.7 million units per year. In other words, we're ready to increase investment in the hi-tech plant to EUR230 million by 2015."