Siemens Plans to Build R&D Center, another Factory in Vietnam: CEO

Minh Tam

15:09 30/10/2015

BizLIVE - Siemens AG Group’s chairman and CEO has unveiled business expansion plans in Vietnam.

Siemens Plans to Build R&D Center, another Factory in Vietnam: CEO

A view of Nhon Trach 2 Thermal Power plant with Siemens turbines installed. (Photo:

Germany-based Siemens AG Group has a plan to set up a Research & Development (R&D) center in Vietnam and is investigating the local market for it, the group’s President and Chief Executive Officer Joe Kaeser told the Vietnam Investment Review.
In ASEAN, Siemens Vietnam has been selected by Siemens AG to establish a hub to recruit qualified staff to work for power plant projects by Siemens in Asia and the Middle East. This center has trained 15 Vietnamese engineers and the figure will rise in the coming year, he said.
The firm is studying market potential in Vietnam to build another factory in the power sector. It currently has a factory in the southern province of Binh Duong.
“We will expand our business in Vietnam, with a long-term commitment, by providing high technologies in these sectors,” the CEO affirmed.
Siemens has been present in Vietnam since the 1990s and has participated in numerous infrastructure projects in the country, involved in the power and gas sectors, energy management, power generation services, mobility, building technologies, digital factories, processes, drives, and healthcare.
“Siemens has a very strong footprint in the energy sector in Vietnam. The total installed electricity capacity of Vietnam by the end of 2014 was about 33 gigawatts, and Siemens is contributing about 14% of the total generated electricity. We supply many large gas turbines for gas-fired power plants,” the CEO said.
Siemens is looking to participate in the important upcoming gas-fired power projects in Vietnam, such as O Mon 3 and 4, the expansion of Nhon Trach 2, Kien Giang 1 and 2, and other gas-fired power plants in the central region.
It is also keen to provide technologies for metro lines in big cities like Hanoi and Ho Chi Minh City, and is waiting for Ho Chi Minh City to open bidding for the metro line 2 project, he tipped.