Prime Minister proposes Siemens (Germany) to participate in urban railway construction in Vietnam.

On the afternoon of February 26th, Prime Minister Pham Minh Chinh received Mr. Roland Busch, Chairman and CEO of Siemens (Federal Republic of Germany) who is visiting and working in Vietnam.

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Prime Minister Pham Minh Chinh and Mr. Roland Busch, Chairman and CEO of Siemens – Photo: VGP/Nhat Bac

During the meeting, the Prime Minister proposed that Siemens enhance cooperation with Vietnam in high-tech fields, promote innovation; collaborate on green transformation and develop the renewable energy industry, especially wind turbine production; cooperate in the transportation sector (such as electric vehicle manufacturing)…; cooperate on digital transformation, establish a research and development center of Siemens in Vietnam, cooperate with the National Innovation Center…; expand cooperation with Vietnamese technology companies.

The Prime Minister also suggested that Siemens study participation in some urban railway construction packages in Vietnam, such as the Metro Line 2 project in Ho Chi Minh City; transfer technology, develop railway industry (such as metro tunneling).

The Prime Minister proposed that Siemens transfer technology as comprehensively as possible, promote cooperation in training human resources, support capacity building, and establish modern institutions in the above-mentioned fields.

The Prime Minister of the Government stated that with a spirit of harmonious interests and shared risks, Vietnam continues to improve its institutional system and policies to create an increasingly favorable, equal, safe, stable, and transparent investment and business environment; commits to creating favorable conditions for businesses, including German companies like Siemens, to invest and do business in Vietnam for a long term, stable, and increasingly efficient manner.

The Chairman of Siemens Group stated that Vietnam has gone through a very successful transformation, has great development potential and highly appreciates Vietnam’s goals in green transformation, climate change response, development of high-tech industries, especially semiconductors, development of modern transportation infrastructure, especially railways.

He said Siemens is actively cooperating and wants to continue to expand cooperation, investment, and business in the fields and areas mentioned by the Prime Minister such as high technology, digital transformation, green transformation, building modern, high-speed transportation systems…, including cooperation in training human resources, supporting Vietnamese businesses to reach out globally.

It is worth noting that he said Siemens is interested in the North-South high-speed railway project and can provide solutions for locomotives, coaches, railway signaling systems, as well as transfer technology for train production.

Siemens is a large German corporation with extensive experience and advanced solutions in industrial, healthcare, transportation, and smart infrastructure development. The group has 320,000 employees and global revenue of 78 billion euros by 2023.

In Vietnam, Siemens established representative offices since 1993, with 3 branches of representative offices in Hanoi, Da Nang, Ho Chi Minh City, and a manufacturing plant in Binh Duong.

Siemens cooperates with Vietnam in many areas, especially renewable energy and transportation. Siemens has participated in a solar power project estimated to contribute 1 billion kWh of electricity to the national grid annually; is a leading provider of efficient power transmission solutions, has provided equipment and solutions for protection and automation for hundreds of 110 kV-220 kV substations and dozens of 550 kV substations in Vietnam; promoting automation and digitization in Vietnam such as helping Saigon Newport maximize productivity, reduce vessel release time…

Siemens has had cooperative transportation projects with Vietnam such as the Vinh City railway information system modernization upgrade project, the design and supply of 16 diesel locomotives for Vietnam Railway Corporation; airport road lighting project at Noi Bai Airport; automatic cargo handling system at Tan Son Nhat Airport, Ho Chi Minh City Urban Railway (Metro) project. In the energy field, the Ministry of Industry and Trade and Siemens have signed an MOU on infrastructure development in gas, renewable energy fields.

Kha Nguyen