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German group to expand investment in Vietnam

B. Braun Group, a medical equipment manufacturer of Germany, has planned to funnel an additional 270 million USD to expand its operation in Vietnam in the next nine years, according to Dau Tu (Investment) newspaper, citing a source from Braun.
B. Braun Group, a medical equipment manufacturer of Germany, hasplanned to funnel an additional 270 million USD to expand its operationin Vietnam in the next nine years, according to Dau Tu (Investment)newspaper, citing a source from Braun.

Since 2011, the grouphas been running a medical equipment manufacturing factory in Hanoi’sThanh Oai Industrial Cluster, the first of its kind in Vietnam. It hasrecently invested 48 million more USD in the factory, bringing the totalinvestment capital to 94 million USD.

In 2013 alone, the factory generated 75 million USD in revenues and jobs for nearly 1,000 labourers.

The group will build another factory at the site with an investment of 97 million USD, which should be completed by 2016.

Besides, it has developed a 66.3 million USD pharmaceuticalmanufacturing project in Vietnam. The first phase of the project isexpected to be completed in the fourth quarter of 2015.

Once the new investment projects are completed, B. Braun will create at least 3,000 additional jobs.-VNA
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