Siemens seeks big opportunities in Vietnam

German-backed Siemens AG Group will expand its business in Vietnam in many sectors.

The group’s president and chief executive officer Joe Kaeser told VIR that Vietnam’s rising demand for energy and infrastructure works was creating huge opportunities for Siemens to do bigger business in Vietnam.

“We will expand our business in Vietnam, with a long-term commitment, in providing high technologies in the sectors of infrastructure, healthcare, urban management, mobility, airports, and efficient logistics. We will also boost our co-operation with Vietnam’s universities to help Vietnam produce a high-quality workforce,” he said.

Notably, he said that Siemens was greatly interested in providing technology for metro lines in Vietnam, firstly in Ho Chi Minh City and then Hanoi. “Metros will help people move faster. Meanwhile, Vietnam is facing big traffic problems.”

At a meeting with Vietnam’s Prime Minister Nguyen Tan Dung on October 16, Kaeser called upon the Vietnamese government for its bigger support to Siemens and to boost the enactment of policies on the usage of environmental-friendly and high-efficient technology in order to develop the country’s infrastructure.

Siemens also suggested that the government focus on developing gas-fired power plants rather than coal-fired power plants. Additionally, Vietnam should have incentives for investors who develop wind-power plants in Vietnam, with a rise in the price of wind power.

 “With our state-of-the-art technologies and years of operations in Vietnam in the power sector, we are greatly interested in the upcoming important 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 of Vietnam,” Kaeser said.

According to him, Vietnam’s market is full of big potential for Siemens. The country’s economic high growth and population of more than 90 million people have led to big demands for power, infrastructure and high technology. 

“Siemens’ technology will make differences, which will help Vietnamese people have a better life,” he noted.

Siemens Vietnam dates back to 1979, when the company supplied and installed two industrial steam turbines at Bai Bang Paper Mill. The establishment of Siemens’ representative offices in 1993 and the turn into limited company in 2002 are the group’s most significant and far-reaching steps in its history in Vietnam. 

During several decades, Siemens has successfully participated in numerous Vietnam’s infrastructure projects. Today, Siemens is a market and innovation leader in the fields of power and gas, energy management, power generation services, mobility, building technologies, digital factory, process and drives as well as in healthcare.


Siemens seeks big opportunities in Vietnam