Bosch first started in Vietnam with a representative office in 1994 and since 2007 the company is represented by Robert Bosch (Vietnam) Co. Ltd. Bosch has its main office in Ho Chi Minh City, with branch offices in Hanoi and Da Nang, and a Powertrain Solutions plant in the Dong Nai province to manufacture pushbelts for continuously variable transmissions (CVT) in automobiles. In addition, Bosch operates a software and engineering R&D center (Robert Bosch Engineering and Business Solutions Vietnam Co., Ltd), as well as an automotive R&D center for mobility solutions in Ho Chi Minh City. In fiscal 2017, Bosch recorded consolidated sales of about USD 144 million (122 million euros) in Vietnam, achieving a year-on-year growth of more than 20 percent. As of 31 December 2018, Bosch employed roughly 4,000 associates in Vietnam. Bosch has diversified businesses in Vietnam including Automotive Aftermarket, Automotive Electronics, Drive and Control Technology, Power Tools, and Building Technologies.