Vingroup, Siemens boost technological cooperation

Representatives of Vingroup and Siemens shake hands after signing the MoU (Photo: Vingroup)

Hanoi(VNA) – Vingroup
will cooperate with Siemens in applying innovative technologies and
solutions for projects in three fields – automobile manufacturing, building and
residential development, and hospitals.

The consensus followed a memorandum of understanding (MoU) inked between the
two sides in Hanoi on September 7.

The two sides will also consider collaborating closely in agriculture and other
various industries that Vingroup may expand into in the future.

“This cooperation will bring many opportunities breadth-wise and depth-wise for
both parties, especially at this particular point when Vingroup is expanding
its business toward industries that support sustainable development and apply
state-of-the-art and green technologies,” CEO of Vingroup Duong Thi Mai Hoa
said at the MoU signing ceremony.

Notably, Siemens will support Vingroup to become a digital enterprise and also
recommend and introduce Vingroup to suitable design consultants and
engineering, procurement and construction contractors for a special automobile
project.

Currently, Siemens is one of the international partners of the VinFast
automobile manufacturing complex, construction of which is underway at
the Dinh Vu-Cat Hai Economic Zone in the northern port city of Hai Phong. Accordingly,
the two sides will join force to work on advanced plant management and
operation system towards Industry 4.0.

Invested by Vinfast manufacturing and trade company – an affiliate of Vingroup,
the complex is expected to roll out a five-seater sedan model, a seven-seater
sports utility vehicle model and an electric motorbike meeting European
standards during the first stage.

The designed capacity is estimated at 100,000-200,000 vehicles per
year. Its first product in the next 12 months will be the electric
motorbike model, while the automobiles will be manufactured in the next 24
months.-VNA



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