Bosch to build US$55 million auto component plant in Vietnam

Robert Bosch Vietnam Co. Ltd., subsidiary of German-based Bosch Group, plans to build a US$55-million auto component production plant in Vietnam’s southern province of Dong Nai later this year. Located in Long Thanh industrial park, the plant will specialize in manufacturing spare parts for continuous variable transmission (CVT), the Dien dan Doanh nghiep newspaper reported. The subsidiary also plans to set up a software and technology center in Ho Chi Minh City in the third quarter. (July 2, 2010)