Cisco Systems Inc will focus on Vietnam’s real estate market in the time ahead, having identified its huge potential, said the company’s executives at a conference in Ha Noi last week.
The company will provide solutions based on IP (Internet Protocol) networks to develop intelligent building infrastructure such as pervasive information access, energy management and digital media systems.
Speaking at the Vietnam Connected Real Estate 2008 Summit, Cisco Systems’ regional business development manager Jared Ramesh Danaraj said: "Booming real estate in the Asia Pacific region offers exciting possibilities as well as unique challenges for owners and developers of commercial buildings."
"To stand out among the competition, we want to take a new approach to developing buildings," he said. "Leveraging technology is one of the major factors that enhances service levels and building operations."
Vice president of Cisco Systems in Asia Chris Khang said: "With rapid economic growth and increasing foreign direct investment, the Vietnamese property market is attracting a lot of investors, and we are no exception."
Marcus Moufarrige, CEO of Office Squared, an office technology solution provider of Cisco, said the Vietnamese Government is yet to realise the merit of such facilities in commercial spaces, and that there are significant opportunities for international property developers in Vietnam.
Deputy Minister of Information and Communications Nguyen Minh Hong said the Vietnamese Government is well aware of the importance of information and communication technology to socio-economic development, and is actively improving the investment climate here.
Intelligent building management systems were first applied in the 1970s. Existing projects in Vietnam include the Ministry of Finance, DongA Bank, Sacombank and VNPT Tower-National Telecom Control Centre.
The company will provide solutions based on IP (Internet Protocol) networks to develop intelligent building infrastructure such as pervasive information access, energy management and digital media systems.
Speaking at the Vietnam Connected Real Estate 2008 Summit, Cisco Systems’ regional business development manager Jared Ramesh Danaraj said: "Booming real estate in the Asia Pacific region offers exciting possibilities as well as unique challenges for owners and developers of commercial buildings."
"To stand out among the competition, we want to take a new approach to developing buildings," he said. "Leveraging technology is one of the major factors that enhances service levels and building operations."
Vice president of Cisco Systems in Asia Chris Khang said: "With rapid economic growth and increasing foreign direct investment, the Vietnamese property market is attracting a lot of investors, and we are no exception."
Marcus Moufarrige, CEO of Office Squared, an office technology solution provider of Cisco, said the Vietnamese Government is yet to realise the merit of such facilities in commercial spaces, and that there are significant opportunities for international property developers in Vietnam.
Deputy Minister of Information and Communications Nguyen Minh Hong said the Vietnamese Government is well aware of the importance of information and communication technology to socio-economic development, and is actively improving the investment climate here.
Intelligent building management systems were first applied in the 1970s. Existing projects in Vietnam include the Ministry of Finance, DongA Bank, Sacombank and VNPT Tower-National Telecom Control Centre.
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