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Ericsson and Ministry of Science & Technology, Vietnam launch the IoT Innovation Hub

Ericsson (NASDAQ: ERIC) and the Ministry of Science & Technology (MoST) today announced the launch of the IoT (Internet of Things) Innovation Hub in Hoa Lac Hi-tech park in Hanoi, Vietnam. The inauguration ceremony of the IoT Innovation Hub was attended by Mr. Chu Ngoc Anh, Member of the Party Central Committee, Minister of Science and Technology; Mr. Bui The Duy, Deputy Minister of Science and Technology; Mr. Denis Brunetti, President of Ericsson Vietnam, Myanmar, Cambodia and Laos and Mr. Peredic Hogberg, Ambassador of Sweden in Vietnam.  Other attendees at the launch ceremony included representatives from technology enterprises who are important partners participating in the IoT Center Innovation Hub activities, university students and media.

The establishment of the Hub follows the Strategic Innovation Partnership Agreement signed by   Mr. Denis Brunetti, Head of Ericsson Vietnam, Myanmar, Cambodia & Laos and H.E. Mr Chu Ngoc Anh, Minister of Science & Technology in Vietnam in November 2018. The IoT Innovation Hub will provide a innovation platform to support start-ups and promote entrepreneurship; serve as a learning and education platform as well as a Research and Development (R&D) Platform to focus on accelerating Vietnam’s advancement in IoT. The agreement is symbolic in that it marks 50 years of bilateral ties between Sweden and Vietnam.

The IoT Innovation Hub, the first of its kind in Vietnam, targets mobile operators, enterprises, students, researchers and local start-ups. The Hub aims to empower and enable the users to co-create, develop and trial IoT applications as well as support them in commercializing their applications. The IoT Innovation Hub seeks to accelerate the adoption of the 4th Industrial Revolution (Industry 4.0) in Vietnam and help realize the nation’s full socioeconomic potential through the sustainable benefits of industry digitalization and transformation.

The IoT Innovation Hub is located at Hoa Lac Hi-Tech Park, the first and largest high-tech zone in Vietnam. According to Prime Minister Nguyen Xuan Phuc, it can become a miniature economic model of Vietnam, based on innovation and Industry 4.0. Therefore, with the launch today, the IoT Innovation Hub will be one of the important channels bringing alive and strengthening the development objectives of Hoa Lac Hi-Tech Park. The Hoa Lac Hi Tech Park, is not only focused on attracting investment, both domestic and foreign investors in the high-tech sector, but also on developing the scientific and technological potential in the North through activities such as incubation and start-up support, innovation. This will also be a strong connection between universities and research and development centers, high-tech production projects of domestic and foreign enterprises, of large corporations Viettel, VNPT, Fpt, Vingroup, VKIST, Nissan Techno, NIDEC, Hanwha which are now and will be operating in Hoa Lac Hi-Tech Park.

Speaking at the Launch Ceremony, H.E. Mr. Chu Ngoc Anh, Minister of Science & Technology, said “the establishment and operation of the IoT Innovation Hub today in Hoa Lac High-Tech Park is an important event, contributing in promoting friendly cooperation between the two countries in building an initial foundation for Vietnam's innovation activities.”

In his speech, Mr. Denis Brunetti, Head of Ericsson Vietnam and Myanmar, stated, “Ericsson is proud and honored to partner with MoST in the setting up the IoT Innovation Hub in Vietnam, in line with the Government‘s vision for accelerated adoption of Industry 4.0, in order to propel the next wave of inclusive and sustainable economic growth and socio-economic development in Vietnam. The IoT Innovation Hub encourages collaborative ecosystem engagements between government, business and academia in alignment with the ‘National Innovation Network Program’ that the Honorable Prime Minister of Vietnam, Nguyen Xuan Phuc, launched on 19th August 2018 in Hanoi.”

“I am confident that the ‘IoT Innovation Hub’ will serve to broaden the knowledge base of IoT and Industry 4.0 and serve as a Learning and Education Center for Industry, academia and the start-up eco system in Vietnam.”

Key activities of the Hub also announced at the launch ceremony include training workshops and the ‘IoT Innovation Challenge’ contest. The Challenge encourages innovative ideas amongst students, researchers and start-ups to develop practical IoT applications and use cases in order to accelerate industry digitalization and transformation in Vietnam. Selected IoT innovation ideas will be incubated at the IoT Innovation Hub to assist in developing commercial ready products that will be demonstrated at Techfest Vietnam in November 2019.  At the launch ceremony,  Hoa Lac High-Tech Park Management Board - which will be the main entity in charge of operating the Hub, signed cooperation program with Posts and Telecommunications Industry Technology Joint Stock Company to strengthen and promote the activities of the Hub.

 

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Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com