Panasonic Vietnam Discusses Growing Verticals in Vietnam

Panasonic Vietnam, the first fully foreign invested company to assume the role of the country headquarters in Vietnam, places great emphasis on social activities surrounding education and environment.

The security market in Vietnam has plenty of room to grow, along with the growing security awareness recently. “Each vertical has developed, depending on the application and specific products,” said Minh Cuong Nguyen, Assistant Manager of Panasonic Vietnam. However, “the growth of the security market cannot meet the expectation especially for some vertical markets such as government and construction projects. But we can see the development in transportation and factory sectors,” Verticals such as industrial park and factories are one of the key market segments in Vietnam due to increase of foreign investments and demands from end users.

Banking, one of the key markets in Vietnam is believed to have at least a 10 percent growth. With the growing locations of banking ATMs, Nguyen discusses the equipment required to protect the premises. “In regard to banking ATMs, they will need camera and alarm systems. Cameras with high resolution can monitor customer’s behavior in the ATM booth. Remote monitoring is also one option for the camera. Alarms systems is on the way to become a must for the ATM machine. Vibration sensors will be needed to install as well to connect to the center,” Nguyen explained.

The security industry in Vietnam is influenced by the weak economy, however despite this, Nguyen believes the security industry will grow year by year.

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