About GE in Vietnam

Who We Are

GE is committed to partnering with Vietnam to upgrade infrastructure development, enhance healthcare standard in urban and rural areas, improve connectivity and nurture local talent development.

GE Presence in Vietnam

GE was one of the first American companies established in Vietnam since 1993 even before the US Embargo was lifted. GE first set up a representative office in Hanoi in 1993, and subsequently in HCM City in 2001, working in partnership with local organizations. In 2003, GE established GE Vietnam Ltd, a 100% GE capital investment that offers a wide range of after-sales services in the fields of medical, electrical and energy equipment. GE Vietnam now employs approximately 600 people and offers products and services in Oil & Gas, Power & Water, Energy Connections, Healthcare and Aviation.

Vietnam Investment

Since 2009, GE has invested more than US$110 million in its Hai Phong manufacturing facility which employs more than 500 engineers and skilled workers. Wind turbine generators and other energy products manufactured in Hai Phong are exported to GE’s manufacturing and service centers around the globe. Total export volume stands at around US$278 million since inception and is the highest amongst industries in Hai Phong.

In late 2012, GE announced the establishment of an Engineering Center in Vietnam to focus on product design, applications and services for the oil and gas sector. We have plans to expand into application engineering and production design for our Power and Healthcare businesses. Targeted for completion in late 2013, the facility will be located in Ho Chi Minh City, serve the industry in Vietnam and the region, and employ up to 200 local engineers in the coming years.

Business Overviews

GE Power

Supplying hydro turbines and generators for Song Hinh, Ham Thuan, Quang Tri hydro power plants, steam turbines and generators for Pha Lai 2 coal fired power plants and 2X9FA for Phu My 2.2 combined cycle power plants. GE Power also played a key role in the development of one of Vietnam’s first wind farm in Bac Lieu province’s Mekong Delta. GE supplied ten of its wind turbines, totaling 16 megawatts of power generation capacity, in addition to contributing operations and maintenance services for Phase 1 of the Bac Lieu Wind farm developed by the regional Cong Ly Company

GE Energy Connections

GE has also partnered with Vietnam’s key national power sector for power transmission improvement. Greater emphasis will be placed on upgrading the country’s power infrastructure through advanced solutions, such as Smart Grid technology, fuseless technology to lower electricity costs and benefit citizens with a more reliable and stable power transmission grid.

GE Oil & Gas

GE Oil & Gas has a strong presence in Hanoi and Ho Chi Minh City for turbo-machinery and drilling & production equipment and services support. Along with a long-term partnership with PetroVietnam in provision of technical support, GE Oil & Gas has provided advanced technology equipment and services to several high-profile projects in Vietnam, such as the BP Pipeline, Dung Quat Refinery, Phu My Refinery, Ca Mau Fertilizer and Vietsovpetro.

GE Aviation

Vietnam Airlines fleet is now using 14 GE90 engines, while 8 engines are installed on Jetstar Pacific’s aircrafts and 8 more GE engines are used on Air Mekong fleet.

GE Healthcare

Provides state-of-the-art medical equipment for big national and international hospitals such as 108 Hospital, Friendship Hospital, Viet Duc Hospital, FV Hospital, Viet Sing Clinic, Vimec Hospital, and other provincial Hospitals

Fast Facts

  • More than $111M invested in Hai Phong Plant with ~$300M export revenue
  • More than 600 jobs created
  • 2.3 million homes powered by GE power generators
  • 50% of clinics and hospitals in Vietnam have at least one GE Healthcare machine
  • 30 jet engines moving Vietnam

Partnership

  • GE has long-term partnerships with Vietnam local companies and organizations such as Ministry of Industry and Trade, Vietnam Airlines, Vietnam Electricity, Vietnam Railways, Petro Vietnam, state-owned and private hospitals
  • GE signed a MOU with Vietnam Ministry of Industry and Trade on cooperation of a study to assess the feasibility of local manufacturing of steam turbine and leadership development.
  • During the visit of GE Chairman Jeffrey R. Immelt to Vietnam in August 2012, GE Healthcare signed a MOU with Ministry of Health. Under the MOU, GE will work closely with the Ministry of Health to cooperate on a study to assess the feasibility of local manufacturing of medical devices for the domestic market and the factors necessary to attract large-scale investments. Both parties will also work together to offer training and employment opportunities for Vietnamese doctors and medical staff.

Citizenship: Environment, Health, Community

  • Annual GE Movie Night: The GE Movie Night was held for the sixth time in both Hanoi and Ho Chi Minh City on the same day of 5 July 2012 for underprivileged children at Ha Cau center (Hanoi) and Binh Loi Nurturing Center (HCMC). GE Volunteers from Hanoi and HCMC joined two student organizations in arranging a fun-filled day of learning and recreation for the orphanage centers. Around 60 children from each institution were treated a Movie Night.
  • GE Volunteers: The GE Volunteers Council in Vietnam encourages members to actively participate in various volunteer programs that benefit the community. These activities include cleaning the campus of Hoa Phuong Orphanage center in Haiphong, teaching the children to live healthily and rubbish collection at Nha Trang beach and Da Nang beach, planting trees at local school. GE Volunteers also mobilizes donation drives during times of calamities; such as to the victims of natural disasters in Quang Binh, Ha Tinh Province and victims of severe accident in Can Tho Province, among others.
  • GE Foundation: The GE Foundation donated over USD 211,750 to provide substantial financial assistance to 10-15 economically disadvantaged first-year Vietnamese students at top-notch Vietnamese universities (US$1150 per student annually for 3 years). GE and GE Foundation also sponsored more than USD300,000 to date for the feasibility study of a cooperation program between Vietnam National University – HCMC and Duke University for establishment in Vietnam of a 2-year Master’s Program in Public Policy for Environment Protection.

Further Information

ge.com/vn