January 09, 2018

Bosch and Ricons signed a memorandum of understanding: Cooperation in construction and real estate development

Ho Chi Minh city, January 09, 2018 – Bosch, the leading global supplier of technology and services and Ricons, a member of Coteccons Group signed a Memorandum of Understanding (MoU) for a comprehensive cooperation in the fields of construction and real estate development. This strategic partnership will pave the way for Ricons and Bosch in Vietnam to enhance the safety, security and efficiency not only for construction projects and buildings across Vietnam but more importantly for the people as well.

The MoU covers three key areas of cooperation in which Bosch will supply hardware, software, and services of high quality standards, leveraging its strength in Automotive Aftermarket, Drive and Control Technology, Packaging Technology, Power Tools, Security Systems, and Thermotechnology. Guru Mallikarjuna, managing director of Bosch Vietnam said: “With the versatile portfolio, international network and local presence, Bosch can offer partners customized products and solutions to improve efficiency. This is the basis on which we are confident to enter this new partnership with Ricons, one of the top construction companies in Vietnam.”

With the aspire of sustaining high quality for projects as well as achieving productivity for every equipment used in construction progress, Ricons is continually looking for reputable and professional partners in order to supply to the market high classed real estate projects at the highest benefit for developers and residents. With more than ten years of experience, Ricons now operates about 100 construction projects nationwide, ranging from industrial factories, shopping malls, residential complex, schools, hospitals, office towers, etc.

In the initial area of cooperation, Bosch will provide Ricons with professional power tools, accessories and spare parts, as well as a full package of services, including product consultation, technical training, health and safety training, product maintenance, etc. As tools are designed with specific functionalities which require proper usage, training is critical to ensure the labor safety for people involved at construction sites, including over 700 experts, engineers, technicians of Ricons as well as thousands of labors from sub-contractors. For the maintenance of products, Bosch and Ricons are considering to set up booths or small shops at major construction sites to give workers direct and instant support when in needs of frequently-used accessories, spare parts or quick fix. Both companies are also considering to co-develop a smart scheme to monitor and manage the full circle of tool usage, using Bosch software and sensor technology, and by that helping Ricons improve project efficiency, reduce waste and maximize utilization of products and resources.

Furthermore, Bosch will offer Ricons products and solutions for security, safety and communications which help protect people’s lives, assets, and keep buildings safe. These range from video surveillance, intrusion and fire detection to voice evacuation systems as well as access control and management systems. Guru Mallikarjuna added that “Bosch can work with Ricons to develop integrated and connected solutions for Smart City and Smart Campus, as well as provide E-scooter system solutions and other IoT-based solutions in the longer terms.”

More News

See all

March 05, 2023

EuroCham Shared Our Views on Boosting Vietnam’s Business and Tourism on VTV4

Read more

March 02, 2023

Vietnam Business Forum (VBF) 2023 Scheduled for March 17, 19 – Register Now!

Read more

March 02, 2023

Food, Agri and Aqua Business Sector Committee (FAABS) Elected its 2023 Board

Read more

February 27, 2023

[CORPORATE]Vietjet opens new flight routes Ho Chi Minh City – Sydney; Ho Chi Minh City – Melbourne only 0VND

Read more

February 23, 2023

EuroCham and HAWA Sign MOU at HawaExpo 2023 to Boost Industry Cooperation and Trade Activities

Read more

February 22, 2023

[Work @ EuroCham] Sector Committee Coordinator

Read more

February 22, 2023

EuroCham Spoke at a Meeting Between HCMC’s Leaders and Foreign Business Associations

Read more

February 21, 2023

[CORPORATE] Discover the EIS Educational Village – Open Day 25th March 2023

Read more

February 21, 2023

[CORPORATE] EMS Vietnam – Vietnam Post’s High quality International Express Service

Read more

February 21, 2023

EuroCham Vietnam and DOLISA Met to Discuss Work Permit Process Difficulties in HCMC

Read more

February 20, 2023

Vice-Chair Claudia Anselmi Shared Perspectives at Human Rights Due Diligence (HRDD) Forum

Read more

February 13, 2023

[Work @ EuroCham] Head of Office Hanoi cum External Relations Manager

Read more

February 09, 2023

EuroCham Will Unveil Our 2022/2023 Whitebook and GEFE 2022 Report on Feb. 16

Read more

February 06, 2023

Chairman Alain Cany Sat Down for an Interview with Forbes Vietnam

Read more

January 30, 2023

Deutsches Haus Ho Chi Minh City Ushered in the New Year with a Lion Dance

Read more

January 19, 2023

The European Business Organization Worldwide Network’s (EBO WWN) Southeast Asian Network Kicked Off Its First Meeting of 2023

Read more

January 16, 2023

Q4 2022 Business Climate Index Results Released

Read more

October 05, 2022

EuroCham’s GEFE 2022 Press Conference in Hanoi

Read more

September 20, 2022

EuroCham Met with Prime Minister Pham Minh Chinh three times last week

Read more

August 24, 2022

EuroCham and its Nine Affiliated European BAs Held the “GEFE and You – How You Can Get Involved” Webinar

Read more

August 17, 2022

Restricted content

Read more

August 11, 2022

[Corporate] EMS International Services to Japan, Korea, Taiwan with extremely preferential rates in July and August 2022

Read more

August 05, 2022

EuroCham attended program on “Connecting the suppliers in the Mekong Delta of Vietnam with distributors, exporting businesses and trade promotion organizations”

Read more

August 01, 2022

EuroCham attended the Workshop "Evaluation Framework for Business regulation reforms and Data Analysis solutions"

Read more

July 28, 2022

[Corporate] BASF Q2 2022: BASF again with strong earnings despite continued high prices for raw materials and energy

Read more

July 08, 2022

Digital Sector Committee – Newsletter Issue No.3 / 2022

Read more

July 01, 2022

[BCI Q2 2022] European Business Stakeholders’ Confidence in Vietnam’s Business Environment Declined Slightly Following Global Economic Uncertainty

Read more

June 30, 2022

EuroCham Ventured to Vung Tau for a Field Trip

Read more

June 13, 2022

[Business Luncheon] Leveraging Artificial Intelligence: The Future of Banking and Financial Services in Vietnam

Read more

June 10, 2022

EuroCham Participated in the Fourth Vietnam Economic Forum

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners