The massive potential of Internet of Things (IoT) is set to help Vietnam pursue its goal of becoming an industrial country by 2020.
HO CHI MINH CITY, Vietnam, Nov. 21, 2017 /PRNewswire/ -- Asia IoT Business Platform will be returning to Vietnam for the 19th edition of its industry Internet of Things (IoT) conference in Ho Chi Minh City. Supported by Saigon Hi-Tech Park, the conference will showcase the value and economic impact of IoT, including improving private and public sector enterprise productivity, harnessing ICT to alleviate problems in dense cities, and powering a Smart City vision.
According to Irza Suprapto, Director of Asia IoT Business Platform, Vietnam is one of the fastest-growing economies in the world and 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, last November, showcasing IoT initiatives from local companies including Vinamilk and Cau Dat Farm, was a testimony of the massive potential for IoT in Vietnam," he added.
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. 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.
"Asia IoT Business Platform is an important industry event that serves as a platform in bridging local and international enterprises, organizations, and companies to network, find new partners, expand their market, increase business opportunities, and strengthen international competitiveness," said Pham Dai Duong, Deputy Minister of Science and Technology, at the 12th edition of Asia IoT Business Platform in Hanoi. The Government pledged to invest USD 111.6 million from the State Budget in the ICT sector by 2020, incentivizing local and international firms to invest in the country.
"The fragmentation of IoT in Vietnam, coupled with the lack of standardization present an opportunity for international IoT players to convene and interact with local enterprises to help them truly reap the benefits of IoT. There is no better time to develop the IoT solutions in Vietnam to foster socio-economic development and increase the country's competitive advantage. This is what we will continue to strive through all our industry events," said Irza.
The rapid technological developments in Vietnam have led to great demands for IoT technologies in the country. A recent survey conducted by Asia IoT Business Platform on local enterprises shows that more than 70 per cent of ASEAN enterprises and organizations are currently in the process of exploring or finding possible IoT solutions to be deployed or implemented. However, only 7 per cent of them reports benefitting from any IoT implementation. These enterprises and organizations cite cost, legacy systems, and complexity as the top three concerns in adopting IoT.
To help local stakeholders understand the business value of IoT implementation, the conference will feature keynote address and panel discussion covering a wide spectrum of topics including industry trends and outlook, industrial IoT, transport and logistics, public services, smart city, banking, finance and retail, and next generation technologies.
Case studies and insights on the use of IoT will be shared by IoT thought leaders from both abroad and locally, such as logistics automation in eCommerce to increase transparency and improve customer services by Lazada Vietnam, application-centric approach to support manufacturing reliability by INSEE Digital Company Limited, Siam City Cement, and the right security for IoT by Infineon Technologies , among many others.
The event is supported by Infineon Technologies, Nosairis, Dassault Systemes, AST Group, Halodata, Willowmore, DRVR, Macnica Cytech, Carbookplus and MDS Pacific.
About Asia IoT Business Platform
With a focus on local telecommunication companies and verticals, the Asia IoT Business Platform is an educational platform crafted by the industry, for the industry, with the aim of addressing key issues facing the adoption of IoT technologies in the ASEAN region. We drive enterprises to understand and learn about the adoption of IoT technologies for their business.
Since its inception in 2013, the Asia IoT Business Platform has secured strong support from local governments and telecommunication companies for the past 18 editions. The 19th edition of Asia IoT Business Platform in Vietnam will continue to explore opportunities and challenges within enterprise IoT, while providing ample networking and business matchmaking opportunities for IoT stakeholders.
About Industry Platform Pte Ltd
Industry Platform Pte. Ltd. is a Singapore incorporated firm focused on the global telecommunications sector. We are Southeast Asia's leading organizer of Machine-to-Machine (M2M) and Internet of Things (IoT) conferences and exhibitions. We work with local and global businesses, as well as public sector bodies and associations who are looking to expand their reach in Asian markets. We provide the best platforms for industry professionals to network and shape developments.
For further details, please contact:
Sue Yuin Ho
Marketing and PR
Tel: +65 6733 1107