VNEconomyNews.com - Abundant human resources with enhanced skills and improved investment attraction policies have made Vietnam attractive to foreign investors, an entrepreneur said at a recent interview granted to Thoi bao Ngan hang (Banking Reviews).
The President of the German Bosch Group’s Gasoline Systems division, Dr. Rolf Bulander, said that Vietnam is a member of the World Trade Organization with political stability and a growing economy as he explained why Bosch decided to inject 55 million EUR into Vietnam.
Bosch also realized that Asia-Pacific is an emerging market with great potential and the Southeast Asian region alone is expected to account for 30 percent of Bosch’s total revenue in 2015.
The group’s investment in Vietnam, including a 30 million EUR high tech production facility for push-belts used for continuously variable transmission (CVT) in automobiles in Long Thanh Industrial Park in the southern province of Dong Nai, reflected its commitment to long-term presence and investment in the Southeast Asian country, Rolf Bulander said.
Boasting a convenient transport location, Vietnam serves as a gateway to many regional countries. Furthermore, the country has set up good trade ties with Japan and China, which are also Bosch’s major markets.