Germany's SAP to invest 150 million euros in Vietnam R&D centre
Published by Global Banking & Finance Review®
Posted on August 7, 2025
1 min readLast updated: January 22, 2026
Published by Global Banking & Finance Review®
Posted on August 7, 2025
1 min readLast updated: January 22, 2026
SAP will invest €150 million in a Vietnam R&D center, creating 500 jobs by 2027 in Ho Chi Minh City, enhancing its Asian market presence.
HANOI (Reuters) -German software maker SAP will invest 150 million euros ($175.13 million) in a research and development centre in Vietnam over the next five years, the firm said on Thursday.
SAP Labs Vietnam will be located in the business hub Ho Chi Minh City and will have 500 employees by 2027, it said in a statement.
($1 = 0.8565 euros)
(Reporting by Khanh Vu; Editing by Martin Petty)
SAP will invest 150 million euros ($175.13 million) in Vietnam over the next five years.
SAP Labs Vietnam will be located in Ho Chi Minh City, which is a major business hub.
The R&D center is expected to have 500 employees by 2027.
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