Siemens sees success in Vietnam
Vietnam is Siemens most successful market in the region, said president of the world’s leading electrical and electronic company in Vietnam.
Despite the thumping the international economic crisis gave markets around the globe, the Germany-based giant retained high growth in Vietnam last year, said Erdal Elver, though official 2009 statistics have not been released yet.
Elver told Thanh Nien Weekly that Siemens gained more orders from local customers than previous years and orders to supply major energy projects and a metro rail system in Ho Chi Minh City counted for 477 million euros on the Vietnamese market in fiscal 2007 and 2008.
“We hope the growth will continue this year,” said the president, adding that Siemens had just received a trading license in Vietnam.
The president said the amended license meant the behemoth company could now trade directly with customers in Vietnam instead of via its headquarters in Germany.
He added that Siemens would focus on its products businesses, which grew rapidly in sales last year. He said health care products would be its focus investment target this year as the sector offered strong demand from hospitals and health institutes in 2009.
Minh Quang
thanhnien
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