The IoT Market in Vietnam
One of the fastest-growing economies in the world, Vietnam has been rapidly growing its IT sector to pursue the aim of becoming an industrial country by 2020. The 2016 edition of Asia IoT Business Platform in Hanoi, Vietnam, was a testimony of the massive potential for IoT in Vietnam.
While receiving massive attention now with tech giants like VNPT, FPT and CMC identifying IoT as the “leading trend” of tech, IoT is, in fact, not new to the Vietnamese tech scene. Smart City projects started out as early as 2008, and since then has appeared in at least 5 more cities. The healthcare industry identified Big Data and Analytics as its greatest concern in improving competitiveness, according to a survey done by IDC in 2015. The Government pledged to invest USD 111.6m from the State Budget in the ICT sector by 2020, incentivising local and international firms to invest in the country. In 2013, the Ministry of Science and Technology set up Silicon Valley Startup Ecosystem to stimulate growth and encourage Vietnamese to venture into tech startups.
On 7 July 2016, Hoa Lac IoT Lab – the first IoT lab in Vietnam – was officially launched at Hoa Lac Hi-Tech Park, a science city located in the outskirts of Hanoi. Attended by Deputy Minister of Science and Technology Pham Dai Duong, the lab aims to support technology startups focusing on IoT to build applications and solutions in Vietnam.
Last year’s program witnessed several interesting IoT developments and deployments by local enterprises and organisations. Apart from the smart cities race where Vietnamese cities such as Da Nang, Hanoi, and Ho Chi Minh City are keen in driving their respective e-Government platforms, local companies such as Vinamilk and Cau Dat Farm are already ahead in the IoT journey, implementing sensors and big data analytics to support their processes.
The upcoming 26th edition of Asia IoT Business Platform will be held in Ho Chi Minh City on 12 – 13 November 2018 at Rex Hotel.
Gov’t approves strategy for bank expansion by 2025 (Việt Nam News)HÀ NỘI – Việt Nam aims to have at least 2 or 3 banks in Asia’s top 100 largest banks…
WEF on ASEAN starts with open forum (Việt Nam News)(Photo: Việt Nam News, VNA/VNS Photo Lâm Khánh) HÀ NỘI - More than 1,000 participants joined the open forum: ‘ASEAN…
Tell us what’s good and what’s not: PM tells corporate honchos (VN Express)Vietnamese Prime Minister Nguyen Xuan Phuc meets representatives of 20 global corporations in Hanoi before the opening session of the…
The 26th edition of Asia IoT Business Platform in Ho Chi Minh City will bring together both local and international IoT speakers from different vertical industries to provide insights on issues, challenges, and the latest developments in the IoT landscape in Vietnam.
Sponsorship & Exhibitions Opportunities
Asia IoT Business Platform is a dynamic business program that helps you to understand more about the enterprise IoT market in Vietnam as well as the needs and challenges of your prospective clients and partners. Leverage the program to establish important connections for your business development in Vietnam.
The 19th edition of Asia IoT Business Platform in Vietnam brought over 200 senior stakeholders from the Government, telecommunications, manufacturing, logistics, transportation, healthcare, finance, and other vertical sectors to explore the possibility of adopting IoT solutions for business efficiency.