Vietnam Posts and Telecommunications Group (VNPT), the state telco that owns the third largest mobile network operator VinaPhone, is looking at becoming an integrated platform for small tech firms to roll out IoT projects, an executive with the company told this portal.
“VNPT is also supporting the business of IoT companies by sharing the revenue with them as they access our platform,” said Pham Anh Tuan, deputy general director of the telecom group.
Tuan said, VNPT supports a number of IoT projects in agriculture, hospital management and smart cities.
A step in the direction to support startups in this space was taken when VNPT teamed up with Intel to kick off the first IoT research facility – Smart Connected Platform (SCP) – in Vietnam in September.
The Vietnamse lab – counted as one among six such facilities in the world – is a hub for researchers, telcos, tech companies, and universities to develop their ideas, Tuan said.
According to the VNPT official, it is critical to help smaller businesses and researchers to simplify the process of implementing IoT products and services, considering machines and infrastructure for IoT are not yet widely accessible.
IoT to build smart cities is attracting great interest in Vietnam with its bustling cities Hanoi, Danang, Ho Chi Minh City, Hai Phong and Phu Quoc rolling out smart connectivity initiatives for this purpose.
Recently, the country saw the launch of Hoa Lac IoT Lab to develop the ecosystem.
Vietnam has committed to spend $111.6 million from the state budget into the ICT sector by 2020, incentivising local and international companies to invest in the country. As per statistics, over 50 billion devices will be connected to the Internet by 2020, which will see the IoT industry grow to achieve a turnover of $1.9 trillion.
“The fragmentation of IoT in Vietnam, coupled with the lack of standardisation, presents an opportunity for international IoT players to convene and develop the IoT solutions in Vietnam to foster socio-economic development and increase the country’s competitive advantage,” Zaf Coelho, project director of Asia IoT Business Platform, commented on the opportunities for IoT growth in Vietnam.