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Germany's SAP to invest 150 million euros in Vietnam R&D centre

FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo

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.

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