GE to build centre for petroleum sector

HCM CITY (VNS)— General Electric yesterday announced the establishment of an engineering centre in Viet Nam to focus on product design, applications, and services for the oil and gas industry.

Targeted for completion in late 2013, the facility will be located in HCM City and employ up to 200 local engineers.

"We are pleased to announce the establishment of our new facility which will bring GE manufacturing and engineering capability to Viet Nam," said GE vice chairman and president/CEO of GE's global growth operations, John Rice.

"Today is an important milestone in our history in Viet Nam and reflects our support for the modernising of the country's infrastructure – a critical step in its path towards sustainable growth and prosperity.

"We have plans to expand into application engineering and production design for our power and water and healthcare businesses.

"The centre will create high-quality jobs in a region known for its professional workforce."

The company has been in HCM City since 2001 with interests in oil and gas, power and water, energy management, healthcare, and aviation.

Since 2009 it has invested more than US$110 million in its manufacturing facility in the northern port city of Hai Phong, which employs 600 engineers and skilled workers. Wind turbine generators and other energy products manufactured in Hai Phong are exported to GE's manufacturing and service centres around the globe. Its total exports since inception stands at $271 million.

The company has established local partnerships to address the needs in energy infrastructure and for the region's first wind farm in the Cuu Long (Mekong) Delta.

"GE understands the challenges that Viet Nam is now facing, but we remain confident in the country's potential for long-term growth," Rice said.

In conjunction with the visit by Rice, the company hosted a career session for 280 students from engineering faculties at the Viet Nam National University in HCM City and three seminars on healthcare and one on aviation.

GE has been in Viet Nam since 1993 starting with a representative office in Ha Noi.

In 2003 it established a fully-owned firm in the country to offer a range of after-sales services for medical, electrical, and energy equipment. — VNS



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