Vietnam’s Internet of Things (IoT) Innovation Hub was opened in the Hoa Lac Hi-tech Park in Hanoi on April 10th. The opening of the hub is expected to accelerate Vietnam’s advancement in the 4th Industrial Revolution (Industry 4.0) and the IoT and help the country to expand interest in Science, Technology, Engineering and Math (STEM) focused businesses.
Vietnam’s Ministry of Science and Technology and Swedish company Ericsson signed a Strategic Innovation Partnership Agreement signed in November 2018 to launch the hub and the fact that the hub is opening only 6-months later shows the commitment by the government and Ericsson to move the project forward quickly.
The “hub” has a multitude of goals including: to foster IoT innovation, to provide platforms to support start-ups, to promote innovation-based entrepreneurship, to serve as a education and learning center and to serve as a research and development center.
It plans to target a variety of segments to use its facilities to co-create, develop and conduct clinical trials and practical IoT applications including students researchers, enterprises, local startups and mobile operators. Uniquely, the hub will also advise and help companies commercialize their applications both in Vietnam and internationally.
Chu Ngoc Anh, Vietnam’s Minister of Science and Technology said that the Internet of Things is the foundation of Industry 4.0 and the government, through the “hub” wants to provide innovative platforms that can support businesses and also create an exciting and focused environment for people to study, create and share the latest IoT trends.
Denis Brunetti, the head of Ericsson Vietnam and Myanmar said that establishing the hub is part of the government’s vision for the accelerated adoption of Industry 4.0 to propel the next wave of inclusive and sustainable economic growth and socio-economic development. Some of the activities that Ericsson will support at the hub include information sharing sessions, demonstrations of IoT applications and training workshops. An IoT Innovation Challenge is also being planned for students and companies to showcase their projects.