February 6, 2025
The showcase of groundbreaking tech products in electric vehicles, F&B, logistics, and AI applications in healthcare and finance at InnoEx 2024 created a buzz among investors and startups.
A series of tech products that appeal to entrepreneurs
InnoEx 2024, a groundbreaking innovation exhibition and forum held in Ho Chi Minh City, attracted a record-breaking 4,000 CEOs, 72 investment funds and 262 exhibiting businesses.
This is considered one of the largest innovation exhibitions and forums in the region, introducing a series of advanced technology products such as electric vehicles, delivery systems, AI applications in the fields of finance, logistics and health.
Speaking at the opening ceremony, Mr. Bui Xuan Cuong – Vice Chairman of the Ho Chi Minh City People’s Committee – affirmed that Ho Chi Minh City is the most dynamic innovation center in the country, accounting for 50% of the number of startups, 40% of incubators, 44% of investment capital and 60% of large deals.
He hopes that this event will help Ho Chi Minh City maintain its position as an economic locomotive and an attractive destination for investors and innovative businesses.
At the event, businesses met and discussed directly with foreign corporations about the story of operating to reduce costs in the context of tough competition. Ms. Thao Vi, representative of Met EV Company, a Vietnamese start-up, said that the company brought electric motorbikes, bluetooth-connected helmets, battery swapping stations, and electric bicycles. Eboost’s battery charging station solutions also attracted attention with many orders, especially charging systems for cars and electric motorbikes.
Another highlight of the event was the application of AI in many fields. Mr. Il Dong Kwon, CEO of BCG Vietnam, shared that businesses applying Generative AI (GenAI) have recorded growth of at least 2.6% and saved up to 95% of costs for marketing activities.
In the banking sector, AI helps organizations such as UBS and JP Morgan increase work efficiency by 6 times, significantly reducing costs for customer service departments.
In healthcare, AI is also creating major breakthroughs. Mr. Steven Truong, founder of Vinbrain, said that despite many challenges in integrating AI into the hospital system in Vietnam, the benefits that AI brings are undeniable. Some tasks that take humans up to 10 years to complete, AI only needs 11 hours to process. “Therefore, applying AI is inevitable no matter how difficult it is. We just have to know how to use AI properly,” said Mr. Steven.
InnoEx 2024 is not only a playground for new ideas, but also a bridge for startups and investment funds to seek cooperation opportunities. The event has proven that Ho Chi Minh City is not only an economic center but also a leading destination for innovation in Southeast Asia.
About InnoEx
InnoEx Company Limited (InnoEx) is a leading international event organizer and innovative community enterprise, fostering collaboration and driving technological advancement in Vietnam and Southeast Asia. Since 2011, we have created impactful events that connect businesses, governments, investors, and innovators, contributing to the region’s economic growth.
Each year, our dynamic platform attracts thousands of participants, including CEOs, entrepreneurs, investors, government officials, and industry experts from around the globe. More than just an event, InnoEx is a vibrant ecosystem where new ideas are nurtured, partnerships are forged, and the future of innovation is shaped.
Source: Press summary
