Intelligent Transportation
SK Holdings C&C has secured a bridgehead to make inroads into emerging Vietnam’s intelligence transportation system (ITS) market, accelerating the market invasion in earnest.
SK C&C, the system integration (SI) affiliate of SK Group, said that it has signed a memorandum of understanding (MoU) with Vietnamese company ITD at JW Marriott Hotel in Hanoi, Vietnam, on March 15 to increase cooperation on the country’s ITS projects. The signing ceremony was attended by 10 officials from the two companies, including Ahn Hee-chul, head of SK's manufacturing business group, and ITD CEO Lam Thieu Quan.
ITD, the largest transportation IT system provider in Vietnam, has been building and operating transportation systems of major Vietnamese cities, managed by the Ministry of Transport of Vietnam.
As ITD was impressed by SK C&C’s NEXCORE-based ITS platform called “NEXCORE-ITS,” which is currently being applied to an ITS project for Hanoi-Haiphong Expressway, ITD made overtures to SK C&C. Under the latest agreement, the two companies will jointly establish a task force for ICT projects to push for additional ITS projects in Vietnam based on NEXCORE-ITS.
The task force will seek new ICT business opportunities in other sectors such as smart conversion security systems as well as ITS projects of the Ministry of Transport of Vietnam. ITD will be responsible for ITS marketing and sales in major Vietnamese cities, including Ho Chi Minh, Danang, Hanoi and Dong Nai, and establishment of the best ITS systems according to each city’s traffic conditions based on NEXCORE-ITS.
Vietnam aims at increasing per-capita GDP to US$3,200 (3.81 million won) by 2020. It also plans to establish and improve nationwide road networks and traffic infrastructure in major cities, and adopt various ITS systems in order to jump up to be a modernized industrial country.