Representatives of Vingroup and Siemens shake hands after signing the MoU (Photo: Vingroup)Hanoi(VNA) – Vingroupwill cooperate with Siemens in applying innovative technologies andsolutions for projects in three fields - automobile manufacturing, building andresidential development, and hospitals.
The consensus followed a memorandum of understanding (MoU) inked between thetwo sides in Hanoi on September 7.
The two sides will also consider collaborating closely in agriculture and othervarious industries that Vingroup may expand into in the future.
“This cooperation will bring many opportunities breadth-wise and depth-wise forboth parties, especially at this particular point when Vingroup is expandingits business toward industries that support sustainable development and applystate-of-the-art and green technologies,” CEO of Vingroup Duong Thi Mai Hoasaid at the MoU signing ceremony.
Notably, Siemens will support Vingroup to become a digital enterprise and alsorecommend and introduce Vingroup to suitable design consultants andengineering, procurement and construction contractors for a special automobileproject.
Currently, Siemens is one of the international partners of the VinFastautomobile manufacturing complex, construction of which is underway atthe 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 andoperation 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-seatersports utility vehicle model and an electric motorbike meeting Europeanstandards during the first stage.
The designed capacity is estimated at 100,000-200,000 vehicles peryear. Its first product in the next 12 months will be the electricmotorbike model, while the automobiles will be manufactured in the next 24months.-VNA
VNA
