German electronics company Infineon hopes to drive IoT innovation in Vietnam as part of a partnership with the Startup & Innovation Hub (Sihub) in Ho Chi Minh City.

They have signed a memorandum of understanding (MoU) to drive innovation and collaboration in the fields of mobility, energy and the IoT, while reinforcing Vietnam’s growing position as a vibrant hub for start-ups.

As the Vietnamese government actively promotes innovation and entrepreneurship, recent trends indicate a surge in local start-ups, particularly in technology and sustainability. This collaboration aligns with national objectives to enhance the country’s innovation capacity and support the development of homegrown businesses that can compete on a global scale.

“This partnership represents an important step in our commitment to promoting open collaboration and nurturing the next generation of entrepreneurs in Vietnam,” said Francis Foo, Asia Pacific regional marketing head at Infineon Technologies (www.infineon.com). “By combining Infineon’s semiconductor expertise with Sihub’s local knowledge and support, we aim to empower Vietnamese start-ups to drive sustainable technological advancements and address pressing local and global challenges.”

The MoU outlines a framework for cooperation that focuses on sharing knowledge, resources and best practices to support promising start-ups within Vietnam. Both parties will select and foster start-ups that align with the Vietnamese government’s innovation goals, particularly those focused on digital transformation and advanced manufacturing.

“At Sihub, our mission is to connect global resources with local talent, enabling Vietnamese start-ups to thrive in an increasingly competitive and innovative world,” said Dang Thi Luan, acting director at Sihub (sihub.gov.vn). “This partnership with Infineon is a significant milestone, as it not only brings world-class semiconductor expertise to Vietnam but also opens new opportunities for our entrepreneurs to innovate in areas such as mobility, energy and IoT. Together, we believe we can accelerate the growth of Vietnam’s start-up ecosystem, foster sustainability and position Ho Chi Minh City as a dynamic hub for technology and innovation in the region.”