Bosch Vietnam Co., Ltd (Vietnam)

The subject - Bosch Vietnam Co., Ltd is a member of Bosch Group. Bosch Group was established in 1886 and is now one of Germany's leading industrial groups with main business segments: Mobility Solutions, Industrial Technology, Consumer Goods, Construction Engineering and Energy.Bosch Vietnam Co., Ltd was founded in 2013 with a direct parent company known as Robert Bosch Investment Nederland B.V. The subject specializes in manufacturing CVT pushbelts used for the automobile industry and trading household appliances, garden tools and power hand tools. Products are consumed in both domestic and foreign markets. Besides its factory in Dong Nai Province, the subject also has a transaction office and R&D Center in Ho Chi Minh City, 2 branches located in Da Nang City and Ha Noi City.In the upcoming time, expected in 2024, Vietnam is going to apply the global minimum tax. Based on media information, not only Bosch Group but also a series of other FDI “giants” in Vietnam will be affected by this tax. This leads to creating a burden for FDI companies that directly reduces FDI investment attraction in Vietnam, especially in the difficult economic context. Many FDI companies have proposed to the Government for plans to support the maintenance of investment capacity of FDI companies and related preferential policies.