Seminar discusses Vietnam’s capitalisation of IoT market hinh anh 1Participants of the seminar at a stall of its associated exhibition (Photo:

HCM City (VNA) – More than 1,200 regional and local experts and businesses discussed ways to exploit the potential of the internet of thing (IoT) market in Vietnam at a seminar in Ho Chi Minh City on October 24.

Participants presented their opinions on a number of topics, including cyber security, IoT use in smart city building and IoT and the production revolution.

Speaking at the seminar, Head of the Communist Party of Vietnam Cemtral Committee’s Economic Commission Nguyen Van Binh stressed the need for the correct approach in policy-making on IoT development.

On the national side, IoT technology has to boost production, accelerate digitisation and build a smart society, he added.

He recommended the country design and implement its national development plan for digital economy, as well as issue policies to upgrade production sectors, particularly manufacturing industry, via IT application, among others.

Binh noted information and cyber security are key to IoT growth.

Minister of Information and Communications Nguyen Manh Hung informed the seminar on Vietnam’s strategy for IoT connection platform by 2020, which aims for an average household to have a cable connection, an average citizen to have a smartphone and 5G network to cover a large area.

He said Vietnam’s good telecommunication system is an advantage in IoT development and that the country needs a cyber-security industry.

Mai Thanh Truong, deputy head of VNPT Technology’s IoT research and development centre, said based on its Smart Connected Platform, VNPT Technology has operated solutions for smart city building in various fields.

VNPT Technology is a member of the Vietnam Posts and Telecommunications Group (VNPT), which are among giant Vietnamese telecoms service providers with largest numbers of broadband subscribers in the country.

On the sidelines of the seminar, an international IoT exhibition took place, featuring 40 stalls run by ICT companies such as ABB, LG Electronics, Dell EMC, Vietttel, MobiFone and BKAV.-VNA