(CPV) - GE Vietnam on February 29 announces a strong performance for the year 2011 in Vietnam, delivering a 127% increase in revenue from the previous year, promising another dramatic record of triple-digit growth for 2012.
With more than 600 employees nationwide, GE continues to drive and expand its local presence regardless of the global and national economic slowdown.
GE Energy played a big part in numerous success stories during the challenging year in contributing to the Vietnam’s energy development. The 61 million USD wind-turbine manufacturing plant has established a strong footprint in Hai Phong City after a full year of operation, representing one of the most successful investments of GE in the region. The fully operational GE plant has created up to 500 local jobs from the starting point of 300 employees in 2010.
“With the long-term company-to-country approach, we stay committed to Vietnam as a preferred partner of choice for growth and development. Vietnam is considered a key market of high potentials in ASEAN region and offers numerous opportunities for GE to further promote our strengths as the only company that can provide a total package solution to the development of national infrastructure,” said Ms Nguyen My Lan, CEO GE Vietnam.
A GE wind-turbine product. (Source:http://www.vinamain.com )
In contributing to realize Vietnam’s renewable energy potential, the Energy team has recently supported Cong Ly Company Ltd., a local wind developer, to build the first wind farm in Bac Lieu province, bringing clean power generation to the Mekong Delta region. Besides, it also joint hands with Vietnam’s key national power sector for power transmission improvement through advanced technologies like Smart Grid technology to lower electricity cost and benefit citizens with a more reliable and stable power transmission grid.
As one of the first American companies established in Vietnam, GE is now offering a wide range of products in the fields of healthcare, energy, transportation. Apart from great business achievements, it is also hosting GE foundation scholarships and GE movie night for disadvantaged children nationwide.
In global level, GE reported full-year operating earnings of 14.8 billion USD, an increase of 20% as compared for 2010. In the fourth quarter, industrial emerging market orders were up 25%, driven by the double-digit growth in ASEAN markets, in which Vietnam is the country of highest-growth./.