Ge Vietnam Limited (Vietnam)

Formerly, GE established a representative office in Hanoi city in 1993 and then opened another one in Hochiminh city in 2001. Coming to 2003, the subject was officially established and operated under the name of GE Vietnam. The subject has expanded its scale strongly over the years, specializing in supplying products and services in Oil & Gas, Power, Renewable Energy, Energy Connections, Healthcare and Aviation. It launched a Hai Phong wind generator turbine factory in 2010. To extend the production supply chain, it acquired Alstom's Power and Grid businesses in 2015 and the Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction in 2016.However, recently, as public, the subject has a plan to divide into 3 independent companies in the fields of Energy, Healthcare and Aviation, which will allow GE Vietnam to reach its full potential, drive growth. According to this plan, GE Healthcare will be split first in early 2023. Three segments, including GE Power, GE Renewable Energy and GE Digital will be consolidated to a company in early 2024. After separating the two companies, GE will focus entirely on the aviation sector with future technologies such as hybrid electric aircraft, and alternative fuels to gasoline such as 100% sustainable aviation fuel. (SAF) and hydrogen with digital technologies.In October 2021, the subject made a deep reduction of charter capital from VND 1,848 billion to only VND 48 billion. We contacted the subject and knew that currently, the subject is in the process of restructuring. The activities brought the largest revenue are still renewable energy field.