21:47 (GMT +7) - Monday 20/05/2019


Vingroup shakes hands with Siemens

Released at: 15:42, 07/09/2017

Vingroup shakes hands with Siemens

Photo: Siemens

Two to work together to promote technological cooperation in many important areas.

by Linh San

Vingroup and German conglomerate Siemens signed a memorandum of understanding (MoU) on September 7 to promote technological cooperation in many important areas.

Vingroup will cooperate with Siemens in applying innovative technologies and solutions for projects in three fields: automobile manufacturing, building and residential development, and hospital development involving Vinmec.

The two sides will also consider collaborating closely in agriculture and other industries Vingroup may expand into in the future.

“Vingroup is one of the most powerful private economic groups in Vietnam, with a sustainable and dynamic development strategy along with great potential for regional and international integration,” said Siemens Vietnam President and CEO Thai-Lai Pham. “Siemens is proud to successfully participate in a number of major projects of Vingroup and is very pleased with this fruitful partnership so far. Therefore, both parties decided to enter into this MoU, which is a critical milestone in our cooperation history and we are fully committed to supporting Vingroup in the successful implementation of upcoming projects.”

The cooperation with Siemens will enable Vingroup to optimize its business operations and product execution as well as improve the quality of its products and services to meet world-class technology standards.

In relation to its automobile project, Siemens will support Vingroup to become a digital enterprise and also undertakes to recommend and introduce it to suitable design consultants and engineering, procurement and construction (EPC) contractors.

Siemens is one of the international partners of the VinFast automobile manufacturing project, which was kicked off by Vingroup on September 2. The two sides will join forces to work on advanced plant management and operation systems towards Industry 4.0.

Siemens is also committed to organizing a workshop with Vingroup to provide the latest technology updates and training in the aforementioned areas.

“Vingroup considers Siemens a technology partner, to utilize its knowledge and experience in providing technologies in areas Vingroup is working on,” said Ms. Duong Thi Mai Hoa, CEO of Vingroup. “With 170 years of experience and a global presence in more than 200 countries and territories, Siemens is truly a technology pioneer and innovation leader. Thus, we believe that this cooperation will bring many opportunities in both breadth and depth for both parties, especially at this particular point in time when Vingroup is expanding its business towards industries that support sustainable development and apply state-of-the-art and green technologies.”

Vingroup held a breaking ground ceremony on September 2 for its electric automobile and motorbike manufacturing complex called Vinfast. Vinfast has total investment of VND35 trillion ($1.5 billion), is located at the Dinh Vu-Cat Hai Economic Zone in northern Hai Phong city, and has a designed capacity of 500,000 units. It expects to debut “Made in Vietnam” motorbikes in September 2018 and Vinfast automobiles, including electric and gasoline models, in 2019.

User comment (0)

Send comment