Two sign cooperation agreement on Industry 4.0 and Internet of Things (IoT) on May 28 in Sweden.
Ericsson and Vietnam’s leading communications service provider, the VNPT Group, signed a cooperation agreement on Industry 4.0 and the Internet of Things (IoT) on May 28 at the headquarters of the Ericsson Group in Stockholm, Sweden.
Visiting Prime Minister Nguyen Xuan Phuc and a delegation of Vietnam Government dignitaries met with Ericsson President and CEO Börje Ekholm and Mr. Denis Brunetti, Head of Ericsson Vietnam and Myanmar, to sign a series of strategic agreements to expand Industry 4.0 in Vietnam.
The ‘Industry 4.0 & IoT Innovation Cooperation Agreement’ between Ericsson and the state- owned, VNPT Group will expand IoT capabilities across the operator’s mobile network by leveraging Ericsson’s IoT cellular capability and VNPT’s IoT ecosystem. These capabilities will make it possible to provide new digital services to VNPT’s consumer and enterprise customers as well as support e-Government initiatives.
The agreement is highly strategic for both entities and aims to accelerate the adoption of Industry 4.0 in Vietnam, digitally transforming industries including manufacturing, agriculture, transport and energy. The agreement also supports the government’s vision of leveraging science, technology and innovation to drive the next wave of socioeconomic development in the country.
“The joint initiative between VNPT and Ericsson supports the group’s ambition of driving smart city and Industry 4.0 initiatives in Vietnam,” said Mr. Pham Duc Long, CEO of the VNPT Group. “We are creating additional value for our consumer and enterprise customers through advanced digital services enabled by 4G NB-IoT for less demanding Massive IoT use cases, and then 5G for more advanced use cases with much higher data volumes and extreme low-latency requirements.”
“The VNPT Group and Ericsson are seeking to build an innovation platform and foundation for Industry 4.0 through this partnership,” said Mr. Brunetti. “By providing our 4G NB-IoT capabilities as well as leveraging our recently-launched ‘IoT Innovation Hub’ in Vietnam, we are looking to fuel and drive the IoT ecosystem in Vietnam and create momentum towards 5G.”
Through its partnership with the Economic Department at the Ministry of Foreign Affairs, Ericsson is demonstrating its commitment and strategic alignment with Vietnam’s vision of accelerating the adoption of Industry 4.0 across all industries and driving the next wave of socioeconomic development in the years to come.
In April, Ericsson and the Ministry of Science and Technology launched the country’s first IoT innovation hub, which supports startups and promotes entrepreneurship. It also serves as a learning and education platform as well as a research and development platform focusing on accelerating Vietnam’s advancement in IoT.
According to the Brookings Institute, Vietnam exported $45 billion worth of mobile phones manufactured in the country during 2017. Between 2014 and 2016, the country also added nearly 1.5 million manufacturing jobs. Vietnam’s manufacturing sector is experiencing an industrial revolution of its own and aims to capture the next wave of growth, enabled by 5G and IoT.