Danfoss, a global leader in engineering solutions headquartered in Denmark, is delighted to announce a significant milestone in its Vietnam operations. After years of dedicated service as a representative office, as of 2nd October 2023, Danfoss Vietnam has officially transitioned into a local entity – Danfoss Viet Nam Company Limited.
With a legacy dating back to 1933, Danfoss is a family-owned enterprise that has grown to employ over 42,000 people worldwide. Its global footprint spans across 95 factories, serving customers in more than 100 countries. Vietnam, with its burgeoning economy and dynamic industrial landscape, has emerged as a prime destination for businesses seeking growth and opportunities. By establishing an official local entity in Vietnam, Danfoss is poised to deepen its commitment to the Vietnamese market and foster collaborations that will drive innovation and sustainability.
Danfoss Vietnam Representative Office was established in 1997, with a dedicated team consisting of Business Development Experts and Managers. Previously functioning as a liaison office and to conduct local market research, the team helped accelerate the execution of contracts/agreements on trade businesses. The team also assisted in technical commitments and investments concluded between Danfoss Singapore Pte Ltd and Vietnamese counterparts authorized with foreign transactions.
Allan Jensen, Head of SEA-North, congratulates Danfoss Viet Nam Company Limited, “It’s a big milestone for the representative office, which has been established for 26 years and is now taking a new leap forward. The full legal entity demonstrates our commitment to the market; to growth, to helping Vietnam become more energy efficient and competitive and in the process creating exciting opportunities for all you, our Vietnamese colleagues now and future colleagues to come as we grow our Share of Wallet. Vietnam is a vast country with almost a 100 million people: industrious, studious, hardworking, ambitious, and entrepreneurial.”
Danfoss' innovative solutions find applications across diverse sectors, including refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. The company also plays a pivotal role in advancing renewable energy solutions, such as solar and wind power, and contributes to the development of district-energy infrastructure for cities.