The internet of things (IoT) is growing rapidly world-wide ushering in momentous changes and huge opportunities for businesses, a conference heard in HCM City on June 12.
Bosch exhibits some of its innovations on the sidelines of an internet of things conference held in HCM City on June 12 (Photo: VNA)
HCM City (VNS/VNA) - The internet of things (IoT) is growing rapidly world-wide ushering inmomentous changes and huge opportunities for businesses, a conference heard inHCM City on June 12.
Leigh Madden, vice president of IT consulting, Asia-Pacific, for Bosch, saidacross the world billions of devices such as cars and smart phones are alreadyinteracting and sharing information, and things are increasingly becoming anactive part of the internet.
“Every ‘thing’ in the world can transmit data to the web and communicate withevery other ‘thing’ in order to perform a variety of tasks for its owner. Onthe internet of things, the physical and virtual worlds are fused.”
According to the Gartner, the world’s leading IT research and advisory company,some six billion devices are already connected, and by 2020 this number isexpected to exceed 20 billion.
As early as 2020 the IoT market will be worth some 250 billion USD, LeighMadden said.
Bosch has used IoT technology to create smart containers (to monitor foodcondition during transportation), community-based parking (transmitter vehicleswithin a community send data about free parking lots as they drive by and aparking area map is created), Kuri, a home robot, smart railway, and others, hesaid.
At the conference, Bosch exhibited some of its innovations in smartagriculture, connected buildings, factories of the future, and urban mobility.
Mallikarjuna Guru, managing director of Bosch Vietnam, said Vietnam is in theprocess of industrialisation and international integration, and IoT providegreat opportunities for it to develop its economy as well as industrial sector.
“For some years now, we have steadily expanded our software and engineeringexpertise and capacity in the areas of connectivity.
“Moving forward, we strive to make HCM City one of the key IoT solutions hubsfor Bosch in the Southeast Asia region through our Bosch Software andEngineering R&D centre.”
The German company had organised the first conference on the internet of thingsin the city last year.
Bosch is a global supplier of technology and services with a presence in theVietnamese market since 1994.
In the 2017 fiscal year, it recorded over 17 percent growth in Vietnam, withconsolidated sales reaching 114 million.-VNS/VNA
VNA
Related News
Vietnam has a solid foundation for information technology but must constantly strive to be globally competitive, Hajime Hotta, co-founder of Innovatube and president of Cinnamon AI Labs.
A book entitled “Internet of Things (IoT) from Hype to Reality” made its debut at a workshop held by the World Bank in Vietnam and the Ministry of Science and Technology in Hanoi on March 6.
Vietnam needs to set a clear vision and plan to achieve its goals of developing smart public transportation, and study successful cases from countries that are world leaders in this development.
A wide range of telecommunications and IT products and services will be on display at the 2018 Vietnam ICT COMM to be held in HCM City next month.
Deputy PM Ho Quoc Dung pressed ministries and agencies to rapidly convert their assigned tasks into concrete action plans with clearly defined responsibilities, and effectively launch projects that create strategic technology products capable of sharpening national competitiveness.
The portal will provide technological solutions and data infrastructure, while the service centre will facilitate system integration.
Mel Shalev, a former senior Israeli technology expert, who have spent decades working, conducting research and collaborating with partners in Vietnam, noted that the rapid advancement of artificial intelligence (AI) is bringing profound changes to education worldwide, suggesting Vietnam capitalise on this trend to enhance teaching and learning effectiveness.
In Vietnam, digital transformation in the finance and banking sector is accelerating cashless payments, expanding access to financial services, improving market transparency and supporting economic growth and macroeconomic management.
Fostering the habit of using legitimate copyrighted publications, respecting authors’ rights, and promoting a healthy digital consumption culture will help create a more sustainable environment for the publishing industry in the future.
According to Dr. Le Minh Nghia, Chairman of the Vietnam Financial Consulting Association (VFCA), AI has become a key driver reshaping the global financial industry. In Vietnam, the technology is already widely used in banking and finance for credit analysis, electronic customer identification (eKYC), risk management, service personalisation and real-time transaction processing.
Since the Prime Minister issued Directive 38, which directs ministries and agencies to strengthen efforts against IP violations, 1,438 cases had been detected and processed as of May 27.
The workshop aims to achieve three key objectives providing a platform for academic exchange and strengthening collaboration between leading international scientists and young researchers, including doctoral students; promoting multidimensional scientific dialogue on major open questions in the field; and initiating new directions for international research cooperation with the active participation of Vietnam's physics community.
With the bilateral relations continuing to grow and the determination of both sides to advance innovation, cooperation in AI and high technology is expected to become one of the most dynamic pillars of Vietnam-Singapore relations in the coming time.
Vietnam, Israel deepen cooperation prospects in quantum technology
After four editions of the Top Industry 4.0, this year, the programme was officially renamed “Vietnam I4 Impact Awards”, which is not just a change in name but a shift in development thinking and core values.
Experts said close coordination among State management agencies, research institutes, universities, and businesses will improve training quality and serve the dual goals of quality education and practical research application.
To promote copyright protection, Vietnam is accelerating efforts to master core technologies and build integrated platforms capable of receiving, processing, distributing and protecting digital content on a unified system.
OVs hope the two countries can establish an interconnected cooperation mechanism in the technology supply chain, from sharing research, testing, and development infrastructure to training human resources, thereby forming a technology alliance able to compete with others in the ASEAN region and the world.
Part of the Vietnam Innovation Challenge 2026, the programme goes beyond conventional coding competitions by requiring participants to develop AI-driven solutions to business challenges in real time.
Many experts in Singapore expressed their hope that the General Secretary and President’s visit will pave the way for more substantive cooperation mechanisms between Vietnam and Singapore in high technology, innovation and human resources development.
Ho Chi Minh City currently hosts 143 science and technology enterprises, accounting for around 20% of the national total. Total factor productivity (TFP) contributes 59% to the city’s GRDP growth, with science and technology responsible for 74% of TFP growth.
Over recent years, NSTDA has built strong partnerships with Vietnamese research institutes and organisations in agriculture, biotechnology, energy and sustainable development. Notable examples include joint projects on cassava value chains, salt-tolerant rice, biotechnology products and an initiative on green energy cooperation and development in the Mekong basin.
Vietnam now needs more effective digital transformation to create higher productivity, new growth models and stronger competitiveness in the AI era, said participants at the plenary session of the Vietnam-Asia DX Summit 2026.
The project aims to transform VNeID into a modern, secure and highly scalable national digital platform capable of effectively serving citizens, businesses, agencies and organisations in handling administrative procedures, accessing online public services, conducting electronic transactions and using digital utilities.
Bosch exhibits some of its innovations on the sidelines of an internet of things conference held in HCM City on June 12 (Photo: VNA)