HO CHI MINH CITY, Vietnam – July 8, 2011 – Cisco and M&C Corp., one of the leading property developers in Vietnam, today announced an extension of their relationship for the development of Smart+Connected Communities in Vietnam. Based on a nonbinding memorandum of understanding for further cooperation, Cisco will be appointed the information and communications technology adviser to M&C Corporation.
At the Shanghai World Expo on 16 June 2010, Cisco and M&C Corp. announced their intention to collaborate in transforming cities in Vietnam into smart and connected communities through the deployment of information and communications technology to transform properties in Vietnam into sustainable and connected communities. The first implementation of this collaboration is expected to be at M&C's flagship project, Saigon M&C Tower. A luxurious, 41-storey development with 150,000 square meters of ground floor area in the center of Ho Chi Minh City, the Saigon M&C Tower, once completed, will be the most technologically advanced building in Vietnam.
"Cisco's Smart+Connected Communities helps transform physical communities into connected communities that can help realize sustainable economic growth, enable environmental sustainability through resource management and operational efficiencies and enhance the citizen's quality of life. The strong collaboration between real estate developers and technology solutions providers is critical to the implementation of a connected community in Vietnam and our collaboration with M&C Corp. will bring sustainable benefits to the real estate developers, investors, cities, governments and countries," said Mr. Lee Chiang Toh, general director for Cisco in Vietnam.
"We are excited that the memorandum of understanding with Cisco reaffirms our commitment to work with the leader in networking technologies and solutions. We hope that the collaboration with Cisco will promote our business, bring more convenience to community and contribute to our country's sustainable urbanization planning," said Mr. John Nguyen, chief operations officer from M&C Corp.
About Smart+Connected Communities
Cisco works with customers from idea to execution, taking advantage of industry solutions built on the network as an open, integrated platform, a broad ecosystem of partners and innovative business models to change how communities are designed, built, managed, and renewed. Cisco Smart+Connected Communities enables citizens, mayors, developers, urban planners and other community stakeholders to address the challenges and opportunities of an urbanized world. It drives economic, social and environmental sustainability. For more information on Cisco Smart+Connected Communities, please visit www.cisco.com/go/smartconnectedcommunities.
About M&C Corporation
M&C Corporation is one of the leading real estate developers in Vietnam. The Company focuses on high end mixed-use and resort developments in strategic locations throughout Vietnam. The Company's flagship is the Saigon M&C Tower, featuring two towers, with 41 stories of river-view, ultra-luxurious, mixed-use development in CDB in HCM City. The development is being built by the world's leading General Contractor, Bouygues Construction and will be completed in Q4 2011. The property will become one of the highest priced real estate developments in Vietnam. In addition, M&C Corporation is also developing several luxury mixed-use properties in downtown locations in both HCM City and Hanoi City as well as over total 450 ha of high end beach resorts in Ba Ria, Nha Trang and Phu Quoc.
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco products are supplied in Vietnam by the channel partners of Cisco Systems International, BV, a wholly owned subsidiary of Cisco Systems, Inc.
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