Deutsches Haus Ho Chi Minh City: A Gateway for German and International companies Investing in Vietnam and ASEAN
16/07/2025
On July 8, Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc welcomed Mr. Horst Pudwill, Chairman of Techtronic Industries (TTI), and Mr. Horst Geicke, Chairman of Deutsches Haus Ho Chi Minh City – a landmark of strategic partnership and strong economic and cultural cooperation between Vietnam and Germany.
Mr. Horst Pudwill shared that the first project TTI invested in Ho Chi Minh City was Deutsches Haus Ho Chi Minh City. Recognizing the city’s immense potential, the Group later expanded with a high-tech equipment manufacturing plant, the Milwaukee factory at the Saigon Hi-Tech Park with a total investment of around USD 650 million, and Milwaukee Heavy Duty Centers located in Ho Chi Minh City (opened in March 2021) and Hanoi (opened in May 2022), employing year to date around 12,000 people in Vietnam.
Looking ahead, Mr. Pudwill affirmed that TTI is committed to further expanding its presence and investments in Ho Chi Minh City in particular, and in Vietnam as a whole.
Chairman Nguyen Van Duoc congratulated TTI on its successful investment journey of over a decade in Vietnam, highlighting the Group’s contribution not only to economic development but also to the training of high-quality human resources. He emphasized that this success reflects Ho Chi Minh City’s attractiveness and readiness to partner with German and international investors.
The City Leadership reaffirmed that Ho Chi Minh City always respects and guarantees the legitimate rights and interests of investors and is fully committed to enhancing the investment climate to ensure sustainable and long-term growth.
A strong endorsement by People's Committee of Ho Chi Minh City of international partnerships – with Deutsches Haus Ho Chi Minh City.
