Global Vietnam IoT

Lifestyle changes

Since receiving a smartwatch as a gift from his son, Mr. Le Van Tung (residing in District 6, Ho Chi Minh City) has regularly recorded his heart rate and blood oxygen levels in a notebook to present to his doctor at each follow-up appointment. Halfway around the world, in California, USA, a smart wearable device also allows Mrs. Betty Nguyen to connect online with her family doctor to monitor her health anytime, anywhere. The Internet of Things (IoT) has transformed people's lifestyles.

As one of the three core elements of digital transformation, IoT helps reduce operating costs, improve user experience, enhance productivity and efficiency, and improve decision-making processes. IoT is widely applied to smart homes, automatically turning off electrical devices when not in use; managing and maintaining apartments through smart monitoring devices; locating lost items in the house; and supporting users in remotely controlling daily tasks such as vacuuming, making coffee, cooking, doing laundry, operating air conditioners, and controlling other household appliances.

VNPT 's booth at the Vietnam - Asia Smart City Summit 2023. Photo: VNPT

In agriculture, IoT helps monitor environmental conditions; track livestock health and crop status; manage animal husbandry and crop cultivation; automate agricultural production processes; and monitor wildlife, especially endangered species. In 2022, the Bac Giang Provincial Farmers' Association selected Mr. Hoang Dinh Que's family in Quynh Son commune, Yen Dung district, to implement a model applying IoT in pig farming. The farm received nearly 500 million VND in support to design sensor systems, automatic feeding, and software to automatically monitor and report the growth and development stages of the animals. The entire farming process is automated through software on computers and mobile devices.

This IoT model helps reduce labor and disease outbreaks. Currently, each greenhouse only requires one manager, and each session takes only 2 to 2.5 hours. The association is supporting three greenhouse farming models applying IoT technology in Luc Nam, Hiep Hoa, and Yen Dung districts. These models are equipped with sensors, internet connectivity, and smart management programs and software from production to harvesting, market promotion, and agricultural product traceability.

In a recent speech, Mr. Nguyen Manh Hung, Minister of Information and Communications , emphasized that the Internet of Things (IoT) is the way to transform the physical world into a virtual world and make society more innovative. Vietnam has identified the formula for digital transformation as data + cloud computing + artificial intelligence (AI). Currently, IoT has developed to a new level suitable for the AI ​​era: AIoT, with IoT devices integrated with AI technology.

The Reply Storm website argues that IoT will increase the prevalence of the internet by integrating all objects to interact through embedded systems. This leads to a highly distributed network of devices that communicate with people as well as other devices. IoT is present in sensors that enable people to live in smart cities and smart homes.

Develop multiple projects

Currently, many Vietnamese businesses, from tech giants to startups, are undertaking numerous IoT projects, including providing IoT solutions and services, as well as researching and manufacturing IoT devices. Vietnam also possesses significant capabilities in developing AI applications, creating favorable conditions for integration into "Made in Vietnam" IoT solutions.

Viettel Group, a military telecommunications and industrial corporation, has launched and is researching and developing a diverse range of IoT products, both hardware and application solutions, to meet customer needs, such as: smart homes (Home Camera), smart watches (MyKID), smart cars (Vcar), asset management (Smart Motor, IoT V-Tracking), personal health (VHealth), smart offices (AI Camera), smart positioning (vTag), etc. Vietnam Post and Telecommunications Group (VNPT) has also built the VNPT IoT Platform and is currently the only B2B IoT service provider in Vietnam with an internationally standardized oneM2M IoT platform. With a one-platform, multi-connectivity approach, the VNPT IoT Platform is developed to connect all IoT applications and devices through a shared core software system (CSF) that adheres to the international oneM2M standard.

FPT Software is introducing its IoT solutions, applications, and services to the global market. The company was ranked among the top 8 IoT providers in the Asia-Pacific region in 2022 by Forrester Wave, a global technology research and consumer guidance platform. FPT University has also opened an IoT major, providing a foundational approach to understanding and researching hardware and connectivity with mobile platforms and information systems. FPT Group has made a breakthrough in the "Make in Vietnam" initiative by developing the first semiconductor chip line researched and designed by Vietnamese engineers. This chip line is then shipped to a factory in South Korea for manufacturing and packaging. The chips developed and designed by FPT can be applied to IoT services and products, such as in the healthcare sector. At the end of 2023, FPT Semiconductor confirmed that it had received orders for 70 million chips over the two years of 2024 and 2025 from customers in Taiwan (China), South Korea, and Japan in the fields of medical equipment and various electronic applications. With this result, Vietnam is fully capable of designing power chips with competitive prices compared to even major global manufacturers.

According to Minister Nguyen Manh Hung, with the strategy of providing every Vietnamese household with a fiber optic connection, every citizen with a smartphone, and widespread 5G mobile infrastructure prioritizing IoT, Vietnam will be one of the few countries to ensure a robust IoT connectivity infrastructure. Vietnam has missed numerous opportunities to participate in global trends and technologies. Currently, Vietnam's IoT development primarily serves personal needs, specifically health monitoring. Meanwhile, IoT technology will only truly be effective and beneficial to the digital society when relevant agencies and businesses actively promote its application in their operations and services.

One of the primary tasks of 5G is to serve the Internet of Things (IoT). 5G is the optimal platform for developing IoT applications. Therefore, telecommunications operators in Vietnam need to accelerate the commercial rollout of 5G mobile networks.

It is projected to reach $7 billion by 2025.

In 2022, the number of connected IoT devices worldwide reached $13.14 billion. Meanwhile, the number of smartphones subscribed to globally was approximately 6.4 billion. According to the Information and Communications Technology Industry Department of the Ministry of Information and Communications, the Vietnamese IoT market size exceeded $2 billion in 2019 and is projected to reach $7 billion by 2025.

Source: https://nld.com.vn/iot-viet-nam-toan-cau-19624020514330421.htm