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The ceremony was held on April 19 in Ho Chi Minh City in the presence of local authorities, partners, and customers. At Innovation Day, Schneider Electric led visitors through its memorable journey in Vietnam as well as discussed the future of Vietnam and smart cities, especially in this Fourth Industrial Revolution.
|Schneider Electric’s celebratory Innovation Day|
The 25-year journey
As a foreign corporation, Schneider Electric arrived in Vietnam when it entered into a collaboration with the government to develop the 500KV North-South Transmission Line Circuit 1 from 1991 to 1993. The intense thirst for electricity for production and business activities in South and Central Vietnam was satisfied by this historic construction which was followed by a prolonged period of significant production growth. It also laid a solid foundation for the long-term collaboration between Schneider Electric and Electricity of Vietnam.
Officially operating in Vietnam since 1994, Schneider Electric has been continuously merging and joining forces with big names in the industry to expand its product portfolio and improve its capacity and serve the needs of Vietnamese businesses and consumers. The new factory opened in 2017 in Saigon Hi-Tech Park also marked a milestone in its journey of providing high-quality products to local and foreign markets. Later, in November 2018, Schneider Electric signed a memorandum of understanding with FPT Corporation for the development and deployment of the EcoStruxure platform and the training of skillful human resources. The signing ceremony took place in the presence of French Prime Minister Édouard Philippe and Vietnamese Prime Minister Nguyen Xuan Phuc.
Over the past 25 years in Vietnam, Schneider Electric has continued to implement its brand strategy “Life is ON”, which revolves around ensuring a good life and modern civilisation everywhere, for everyone, and at every moment through effective energy management. Along with the business strategy, corporate social responsibility activities help unlock the full potential of the global corporation to strengthen its position in Vietnam as well as fulfill its commitment to the development of Vietnam through technological advances and human resource training with a view to managing energy efficiently.
Taking the lead in the digital transformation of energy management and automation, Schneider Electric has developed products and solutions to meet the evolving demands of customers and enterprises entering the next phase of development – in which energy management plays a critical role for competitiveness in the global market. Besides, smart cities and smart buildings is also a focus of the corporation, which aligns with the government’s strategy to develop sustainable smart city hubs across the country during 2018-2025.
According to Schneider Electric, EcoStruxure has been shaping up as the key solution to helping Vietnam manage energy efficiently and catch up with the trend of digital transformation, being utilised in diverse segments such as EcoStruxure for Building, EcoStruxure Machine & Plant, EcoStruxure Grid, EcoStruxure for Data Centers, among others.
Reflecting a part of Schneider Electric’s strategy for the upcoming 25 years, Yoon Young Kim, country president of Schneider Electric Vietnam, Myanmar, and Cambodia, said, “We have been operating in Vietnam for 25 years, and we expect that in the next 25 years, Schneider Electric will make further positive contributions to the country’s socio-economic development. We will continue to research and introduce international-standard products at reasonable prices in Vietnam, especially with an emphasis on EcoStruxure solutions. We are ready to accompany Vietnamese enterprises in the Fourth Industrial Revolution.”