Siemens to upgrade steam power plant in Vietnam to combined cycle power plant

Siemens Gas and Power (GP) is a global pacesetter in energy, helping customers to meet the evolving demands of

today’s industries and societies. GP comprises broad competencies across the entire energy value chain and offers a

uniquely comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil

and gas industry and other energy intensive industries. Products, solutions, systems and services address the

extraction, processing and the transport of oil and gas as well as power and heat generation in central and distributed

thermal power plants, power transmission and grid stability, as well as energy transition technologies including

storage. With global headquarters in Houston in the U.S. and around 63,000 employees in over 80 countries,

Siemens Gas and Power has a presence across the globe and is a leading innovator for the energy systems of today

and tomorrow, as it has been for more than 150 years.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence,

innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe,

focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed

energy systems, and automation and digitalization in the process and manufacturing industries. Through the

separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road

transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the

publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a

world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly

solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019,

Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the

company had around 385,000 employees worldwide.