In this press conference, Bosch – the leading technological and service provider in the world – reported its impressive development rate in the fiscal year 2017 in Vietnam, with the united revenues for domestic trading of $114 million (approx. €101 million), an increase of 17 percent compared to this time last year.
Its gross revenues from both domestic trading and export come to $328 million (€290 million).
In the conference on Internet of Things (IoT) 2018 of Bosch with the focus on smart solutions for agriculture, smart connected building, future manufacturing plant, and urban traffic, Bosch’s IoT technology based on sensors brings about the effective management in agriculture, from the step of pre-sowing time, to the step of pre-harvesting and post-harvesting times.
The cold storage monitoring system helps to closely watch produce to eliminate rotten ones in order to ensure freshness and high quality.
Regarding the smart connected building, the solution of wireless navigation and rescue ‘Bosch Security Escort’ of Bosch helps to identify and navigate human beings as well as properties within the range of the system. Navigating machines will be attached on the body or assets to allow seeking in case of emergency, such as identifying the number of employees in a building at a certain time and location.
As to the future manufacturing plant, the software IoT Gateway of Bosch supports connection between newer and older versions of machines, making it easier in the process to enter Industry 4.0.
The training tool based on Augmented Reality (AR), introduced for the first time this year, is expected to help businesses to reduce traveling cost of experts as well as inactive time of machinery, which gravely affects the manufacturing procedure.
With regard to urban traffic solution, the integrated electric motorbike system of Bosch helps to connect electric motorbikes with cloud storage systems for ease of monitoring. This will allow riders to use functions like remote bike locking / unlocking or real-time bike navigation and monitoring via the app called eScooter on their mobile phones.
To meet the demand for development, Bosch poured nearly €58 million capital into Vietnam in 2018, making its investment reach €321 million in the last 10 years. Its aim is to maintain its development despite the somber picture of the world economy.
“In the last few years, we have always focused on professional growth on software, enterprise solutions, while upgrading our innovative capacity as well as research skills in the field of connectivity so that we are able to offer more specific solutions for the Vietnamese market”, said Mr. Guru Mallikarjuna, General Director of Bosch Vietnam.
“In the long term, via the Robert Bosch Engineering & Business Solutions Vietnam Co. Ltd., we tend to make HCMC one of Bosch’s IoT solution centers in the Southeast Asian area”, added Mr. Guru Mallikarjuna.