70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Prime Minister Pham Minh Chinh expects more from Siemens’ local operations
Son Nguyen 07:26, 2024/02/27
The Government will facilitate Siemens with better conditions to expand its operations in Vietnam.

Prime Minister Pham Minh Chinh on February 26 invited German industrial conglomerate Siemens to join local and transfer required technologies to implement local metro projects.

 Prime Minister Pham Minh Chinh (right) meets Siemens' CEO and Chairman Roland Busch on February 26. Photo: VGP

Speaking at a conference with Siemens chairman and CEO Roland Busch, the Prime Minister expected that Siemens will help its Vietnamese peers to acquire the technologies, improve the quality of manpower, and raise the quality of project administration, especially the Metro 2 project in Ho Chi Minh City.

He highly appreciated the German firm’s operations in Vietnam’s gas and power, engineering mechanics, energy infrastructure development, industrial automation, and railway construction.

Chinh also hoped that Siemens will bolster its cooperation with Vietnamese partners in high technology, innovation and R&D, green transition, renewable energy, electric vehicle production, and digital transformation.

“The Vietnamese Government will continue to reform the legal framework and improve the business conditions for all investors and companies, including Siemens and other German enterprises, to set up safe, secure, and stable operations in the long run,” the Prime Minister said.

Vietnam always cherishes and wants to deepen its bilateral relations with Germany in all fields".

Chinh expressed his happiness and eagerness to see the relationship between Vietnam and Germany has become stronger and stronger after 50 years with economic and investment activities playing an essential part.

In his part, CEO Roland Busch said that Siemens is interested in Vietnam’s North-South high-speed railway project.

The German executive said that Siemens is capable of providing engines, cars, and signals, and handing over the required technology for car production to Vietnamese peers.

Speaking highly of the partnership between the two nations, especially between Siemens and its Vietnamese partners, the CEO said that Vietnam has made remarkable progress and transformation.

He said that Vietnam is being boosted by a population of 100 million people and most of them are young, highly-skilled.

The German executive also highly valued Vietnam’s goals in green transition, responses to climate change, high technology development and semiconductor, and traffic infrastructure construction.

Siemens looks forward to expanding its operations in Vietnam, especially in the fields as suggested by the Prime Minister on expectations to help local companies go global, Roland said.

German conglomerate Siemens began its Vietnamese operations in 1993. Now it has three offices in Hanoi, Danang and Ho Chi Minh City along with a factory in the southern province of Binh Duong.

The company’s operations in Vietnam focus on renewable energy and transportation. Its solar farms contribute some one billion kWh to the national grid each year, and Siemens is also known as the top provider of solutions for power transmission, digitalization and automation for local companies. 

RELATED NEWS
TAG: Vietnam Germany Vietnam Siemens Roland Busch vietnam prime minister pham minh chinh
Other news
12:12, 2024/04/12
Vietnam, Thailand advance realization of “Three Connections” strategy
Businesses from both countries are encouraged to expand their trade and investment activities, to increase bilateral trade to US$25 billion in a more balanced and sustainable way.
06:29, 2024/04/12
Vietnamese Gov’t to expand list of electricity buyers under direct power agreement scheme
The direct power purchase (DDPA) mechanism has been repeatedly proposed by foreign-invested enterprises to be piloted in Vietnam, as they believe it will have a positive impact on competition in Vietnam's energy sector.
06:09, 2024/04/12
Viettel opens largest data center in Vietnam to support AI development
By 2025, Viettel will invest in expanding the scale to 17,000 racks.
17:16, 2024/04/11
Vietnam’s economy expected to grow at solid pace in 2024-2025: ADB
Given global uncertainties, policies in 2024 would therefore need to combine short-term growth support measures with long-term structural remedies to promote sustainable growth
18:10, 2024/04/10
Apartment prices in Hanoi are closing in on those in Ho Chi Minh City
The price of apartments in Hanoi has been on an upward trajectory, setting new price benchmarks.
23:11, 2024/04/09
Coffee exports reach record $5 billion
Vietnam needs a plan to build a brand for Vietnamese robusta coffee in foreign markets.