01:04 (GMT +7) - Monday 20/09/2021

Vietnam Today

Ericsson & MoST partner to establish IoT Innovation Hub

Released at: 16:01, 29/11/2018

Ericsson & MoST partner to establish IoT Innovation Hub

Photo: Ericsson

Hub to open in Hanoi's Hoa Lac Hi-Tech Park in early 2019.

by Hoang An

Ericsson and the Ministry of Science and Technology (MoST) signed a memorandum of understanding (MoU) on November 28 to establish an Internet of Things (IoT) Innovation Hub in Hanoi.

The Hub is to be located at the Hoa Lac Hi-Tech Park and will open in the first quarter of 2019.

The MoU demonstrates Ericsson’s long-term commitment as a strategic partner to the Vietnamese Government in accelerating and realizing the full potential of Industry 4.0 for the country.

The Hub will foster IoT innovation among startups, enabling them to develop and trial IoT applications and supporting them to commercialize their applications. The initiative will significantly contribute to the 2018 innovation activities hosted by MoST.

Speaking at the signing ceremony, Minister of Science and Technology Chu Ngoc Anh said the ministry welcomes the signing of the MoU with Ericsson. “In the context of globalization and the rapid development of new technologies in Industry 4.0, Vietnam needs to quickly develop a national strategy to catch up with the trend,” he said. “With more than 140 years of experience in technology development and innovation, Ericsson will be one of Vietnam’s most trusted partners for this strategy. I firmly believe that this cooperation will be effective and benefit both parties.”

“At Ericsson, we support the Vietnamese Government’s vision of stimulating inclusive socioeconomic development through the application of science and technology innovation,” Mr. Denis Brunetti, Head of Ericsson Vietnam and Myanmar and Co-Chairman of the European Chamber of Commerce in Vietnam, told the ceremony. “Ericsson fully supports the government’s ‘National Innovation Network Program’, which recognizes the need for enhancing Vietnam’s innovation capability to meet the challenges and capture the opportunities associated with Industry 4.0, enabled by ICT.”

As per the recently-released Ericsson Mobility Report, November 2018, the number of cellular IoT connections is expected to reach 4.1 billion in 2024, increasing at an annual growth rate of 27 per cent.

The agreement is symbolic in that it marks 50 years of bilateral ties between Sweden and Vietnam as well as Ericsson’s 25th anniversary in Vietnam.

User comment (0)

Send comment