Siemens Wants to Expand Operations to Infrastructure, Oil & Gas in Vietnam

Tuan Minh

15:33 21/07/2016

BizLIVE - Siemens is seeking to expand its operations to transport infrastructure and oil and gas in Vietnam, a senior executive has said.

Siemens Wants to Expand Operations to Infrastructure, Oil & Gas in Vietnam

Deputy PM Trinh Dinh Dung receives Lisa Davis, member of the management board at Siemens AG, on July 20. (Photo: Nhat Bac/VGP)

German industrial conglomerate Siemens AG is interested in expanding its footprint to transport infrastructure and exploitation and processing of oil and gas in Vietnam, a senior executive has said.
Siemens is committed to expansion, long-term operation and the use of safe technologies in Vietnam, Lisa Davis, member of the management board at Siemens AG, told Vietnamese Deputy Prime Minister Trinh Dinh Dung at a meeting with in Hanoi on July 20.
For his part, Deputy PM Dung encouraged Siemens AG to introduce advanced technologies in developing clean and renewable energy in Vietnam, where the Germany company has many opportunities to take.
Vietnam plans to develop an expressway network of 2,000 kilometers by 2020 and is hatching a plan to build a high-speed train railway as well as airports, the deputy PM said.
Vietnam also needs to an annual growth rate of 10% in the energy sector to ensure a GDP expansion of 6% currently, he added.
Siemens has been officially present in Vietnam since 1993 and has three offices in Hanoi, Da Nang and Ho Chi Minh City. It has a production plant in Binh Duong province and is considering another facility.
Siemens has participated in many infrastructure projects in Vietnam. Its operations cover the fields of power and gas, energy management, power generation services, mobility, building technologies, digital factory, process and drives as well as in healthcare.

TUAN MINH

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