Wärtsilä Corporation is expanding its representation in Vietnam by opening a branch office in Hanoi. Vietnam is a growing market for Wärtsilä's products and services to the shipping, shipbuilding and power industries.
Wärtsilä has had a permanent presence in Vietnam since 1994 when it set up a representative office in Ho Chi Minh City. In 1998 Wärtsilä obtained a business license to operate as a 100% foreign-owned service company and founded Wärtsilä Vietnam Co. Ltd.
The recent growth in world shipbuilding demand has led to the rise of Vietnam as a shipbuilding country and thus as a market for Wärtsilä products and services. Wärtsilä is already supplying engines and propulsion systems from its wide range of products for newbuildings at shipyards in Vietnam. In parallel Wärtsilä is providing full after-sales support for the existing fleet and engineers are being trained as the engine population increases.