Bosch plans to up Vietnam software worker intake by 50% in 2025

By Tri Duc
Thu, August 1, 2024 | 2:49 pm GMT+7

German engineering and technology company Bosch intends to enlarge its software workforce in Vietnam by 2,000 people next year to expand production.

Stefan Grosch, a management board member and director of industrial relations at Bosch who is also responsible for its business in India and Southeast Asia, revealed the information at a Thursday meeting with Vietnamese Deputy Prime Minister Tran Luu Quang.

Grosch, who is on a Southeast Asia production development market research trip, asked for the Vietnamese government’s support for the company’s latest move in the country.

Stefan Grosch (left), a management member and director of industrial relations at German engineering and tech giant Bosch, meets with Deputy Prime Minister Tran Luu Quang, Hanoi, August 1, 2024. Photo courtesy of the government's news portal.

Stefan Grosch (left), a management member and director of industrial relations at German engineering and tech giant Bosch, meets with Deputy Prime Minister Tran Luu Quang, Hanoi, August 1, 2024. Photo courtesy of the government's news portal.

After three decades in Vietnam, Bosch currently employs 6,200 people, including 4,000 in software production. The firm aimed to increase its software production workforce to 6,000 in 2025, the executive said.

He said Bosch would also strive to cooperate with Vietnam in high-quality workforce training, especially in sectors related to Industry 4.0.

Bosch was willing to provide Vietnam with solutions for smart traffic safety management, he added.

Welcoming Bosch’s suggestions, Deputy PM Quang hailed Bosch’s willingness to abide by local rules towards win-win cooperation.

The Vietnamese government has always facilitated long-term operations of German businesses in Vietnam in line with the Vietnam-Germany strategic partnership, he said.

Vietnam was updating its legal framework with a focus on encouraging and attracting high-tech investments, such as semiconductors, artificial intelligence and software production, Quang added.

In March, Dominik Meichle, managing director of Bosch Vietnam, had said Vietnam should encourage businesses to invest more in human resources and build a clear regulatory framework.

To simplify the legal framework, Meichle highlighted the importance of a predictable and unambiguous regulatory environment. Bosch appreciated the government's persistent efforts to improve the local business environment, notably in streamlining administrative procedures.

He also highlighted Bosch Vietnam's human resources development efforts, noting that April 2023 marked the 10th anniversary of vocational training cooperation between Bosch and Lilama 2 International Technology College in Dong Nai province, an industrial hub in the southern region. So far, after 10 intakes, 238 people have been trained and 134 have advanced to work at Bosch, not only in Vietnam but around the world, he said.

Comments (0)
  • Read More
Vietnam consumer credit enters new growth cycle

Vietnam consumer credit enters new growth cycle

After the decrease in consumer capital demand, negative growth, and peaking bad debts in 2023, Vietnam’s consumer financial market is entering a new growth cycle, backed by positive signs from the macroeconomic environment.

Finance - Sun, February 16, 2025 | 3:19 pm GMT+7

Vietnam property investors seek new opportunities in provincial markets

Vietnam property investors seek new opportunities in provincial markets

Real estate investors in Vietnam, both individuals and organizations, are shifting their investments from city centers to suburban regions and neighboring provinces where land remains abundant and significant investments are being made in infrastructure, particularly in transportation.

Real Estate - Sun, February 16, 2025 | 2:00 pm GMT+7

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Booking.com, the world's leading digital travel company, has suggested some destinations in Vietnam for those seeking spiritual enrichment and a chance for reflection and connection, including Ba Den mountain and Bai Dinh pagoda.

Travel - Sun, February 16, 2025 | 10:59 am GMT+7

Malaysia takes the lead in data center development

Malaysia takes the lead in data center development

Malaysia is making efforts to align with the global trend towards digitalization, which is driving demand for data centers, cloud computing, blockchain, and artificial intelligence (AI).

Southeast Asia - Sun, February 16, 2025 | 10:57 am GMT+7

WB sees Thai fiscal risks mounting due to spending surge

WB sees Thai fiscal risks mounting due to spending surge

Thailand’s pursuit of an expansionary fiscal policy strategy to propel growth faces the risk of rising costs for elderly care, investment and the need to keep public debt level to sustainable levels, according to the World Bank.

Southeast Asia - Sun, February 16, 2025 | 10:41 am GMT+7

Vietnam mining stocks rally amid global trade tension

Vietnam mining stocks rally amid global trade tension

Shares of Vietnam’s mining companies have rallied since early this month, fueled by heightened global trade tensions following the start of Donald Trump’s second term as the U.S. president.

Finance - Sun, February 16, 2025 | 10:36 am GMT+7

Online purchase below VND2 mln may be exempt from Vietnam import tax

Online purchase below VND2 mln may be exempt from Vietnam import tax

The Vietnamese Ministry of Finance has proposed exempting goods purchased through e-commerce platforms worth no more than VND2 million ($78) from import tariff, with an annual purchase limit of VND96 million ($3,781).

Finance - Sun, February 16, 2025 | 8:00 am GMT+7

Malaysia expected to remain magnet for FDI

Malaysia expected to remain magnet for FDI

Malaysia’s foreign direct investment (FDI) is expected to remain robust in the long term, but there could be repercussions in the short term as investors hold back on their investment decisions amid heightened global uncertainties.

Southeast Asia - Sat, February 15, 2025 | 9:01 pm GMT+7

Laos to build $1.9 bln wind power plant to export electricity to Vietnam

Laos to build $1.9 bln wind power plant to export electricity to Vietnam

The Lao Government and Chitchareune Construction - a Lao builder will jointly build the 1,200 MW Nong wind power plant, with an investment of $1.9 billion, to export electricity to Vietnam.

Energy - Sat, February 15, 2025 | 8:46 pm GMT+7

Malaysia needs more funding for semiconductor sector

Malaysia needs more funding for semiconductor sector

Malaysia needs more funding for the implementation of the National Semiconductor Strategy (NSS) to enhance its competitiveness with neighboring countries, said Penang Chief Minister Chow Kon Yeow.

Southeast Asia - Sat, February 15, 2025 | 4:31 pm GMT+7

Thailand considers easing rules on income from overseas

Thailand considers easing rules on income from overseas

Thailand’s government is considering easing personal income tax rules for individuals’ overseas income to encourage the remittance of those funds back into the country, said a senior official.

Southeast Asia - Sat, February 15, 2025 | 4:29 pm GMT+7

Nissan to close factory in Thailand

Nissan to close factory in Thailand

Japanese automaker Nissan has announced plans to close one of its two automobile factories in Thailand this year, following the collapse of merger talks with Honda.

Southeast Asia - Sat, February 15, 2025 | 4:10 pm GMT+7

Vietcombank leads Vietnamese banks in 2024 pre-tax profit

Vietcombank leads Vietnamese banks in 2024 pre-tax profit

Vietcombank reported a pre-tax profit of VND42.2 trillion ($1.66 billion) last year, ranking as the most profitable Vietnamese lender, according to the Vietnam Banking Association (VNBA).

Banking - Sat, February 15, 2025 | 4:04 pm GMT+7

Vietnam's leading trade firm Hapro appoints new general director

Vietnam's leading trade firm Hapro appoints new general director

Hanoi Trade Corporation (Hapro), a leading producer and exporter of agricultural produces in Vietnam, has appointed deputy general director Duong Thi Lam as general director, effective from March 1, 2025.

Companies - Sat, February 15, 2025 | 2:18 pm GMT+7

Private Vietnamese lender DongA Bank renamed Vikki Bank

Private Vietnamese lender DongA Bank renamed Vikki Bank

DongA Bank, a private lender in Vietnam, has changed its name to Vikki Bank, with approval from the State Bank of Vietnam (SBV).

Banking - Sat, February 15, 2025 | 10:59 am GMT+7

Korea's SK Group seeks partnerships in LNG-fired power projects in Vietnam

Korea's SK Group seeks partnerships in LNG-fired power projects in Vietnam

South Korean chaebol SK Group seeks to jointly build LNG-fired power plants in Vietnam and then develop facilities utilizing electricity generated by those power plants.

Energy - Sat, February 15, 2025 | 9:26 am GMT+7