Bosch reports robust growth in 2011 business (FDI)

Jun 6, 2012. HCMC – Germany-based Robert Bosch Group obtained total revenues of US$ 220.5 million in Vietnam last year, up 75% from the previous year, mainly resulting from the export of push-belts, the company said on Tuesday.

Among the six business sectors in Vietnam, the sector of auto spare parts and accessories is the one having the highest sales growth of 160%.

Speaking at the press conference announcing the business results on Tuesday in HCMC, Vo Quang Hue, general director of Robert Bosch Vietnam Co. Ltd., said that this was the result of the domestic investments and the recruitment of more employees to expand operations in three big cities of Hanoi, Danang and HCMC.

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Bosch to expand investment and operations in Vietnam (FDI)

HCM CITY, German auto parts maker Robert Bosch announced yesterday it plans to increase its investment in Viet Nam to US$322 million by 2015 to expand its plant in Long Thanh, southern Dong Nai Province.

The managing director of Robert Bosch Vietnam, Vo Quang Hue, said the expansion of the plant, which makes push belts used for continuously variable transmission in automobiles, is to meet rising global demand.

The $73 million production facility began operation in April 2012, and by August 2012 the company had put in it a total of $136 million.

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Bosch achieves robust growth in Dong Nai, Vietnam

HCMC, Oct 3, 2011. Robert Bosch Vietnam has obtained a remarkable growth rate, ranging from two to three digits in the year to date and it plans to expand its production in the domestic market, the company reported in a ceremony to launch its latest products and creative solutions last Friday held in HCMC.

Vo Quang Hue, the company’s general director, said car components and after-sales service sections have maintained steady growth with three digits, while sales growth of security system and parts of handy electric equipment is recorded with two digits.

Bosch obtains high sales in Vietnam in a number of products compared to other markets in Asia.

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