KONE named Best Building Materials Supplier at Vietnam Outstanding Property Awards 2023

A first in vertical transport: KONE named Best Building Materials Supplier at Vietnam Outstanding Property Awards 2023

Press Release Published 04/24/2023

Ho Chi Minh City, December 5, 2023 - KONE, a global leader in the elevator and escalator industry, has recently won the “Best Building Materials Supplier” accolade at the Vietnam Outstanding Property Awards 2023 for its KONE 24/7 Connected Services intelligent predictive maintenance solution. Presented by leading business magazine Nhịp Cầu Đầu Tư (NCDT), KONE is the first and only escalator and elevator company to be recognized at this annual award program for its significant and lasting contributions to Vietnam’s real estate market.

"This award recognition is much more than just a technological success. It is a crucial step in demonstrating the value of a disruptive elevator and escalator innovation in the broader Vietnamese real estate eco-system,” says King Cheng, KONE’s managing director for Vietnam. “Already a forerunner with innovations such as KONE 24/7 Connected Services, KONE is delighted to bring our escalator and elevator expertise to accelerate the development of smarter and more sustainable cities in Vietnam. We also thank the NCDT for helping to elevate vertical transport excellence and innovation in the country with this accolade.”


Currently implemented in more than 100 buildings across Vietnam, KONE 24/7 Connected Services has transformed elevator and escalator maintenance locally by seamlessly integrating cutting-edge Internet of Things (IoT) technology with operational efficiency. Unlike traditional maintenance practices that rely on scheduled inspections, KONE’s system is proactive and predictive. Harnessing the power of data analytics and machine learning, it continuously collects data from sensors installed in elevators and escalators, analyzing the information in real-time to detect potential issues. This predictive maintenance approach not only enhances the safety and reliability of elevator and escalator rides, but also reduces operational costs for building owners and facility managers.


Furthermore, KONE has embraced an open ecosystem approach by allowing third-party developers to access its data platform. This has fostered a collaborative environment where innovative solutions can be developed to further enhance the performance and capabilities of existing products.


For over 20 years, KONE has pioneered innovative and sustainable solutions in Vietnam to improve the flow of urban life. It has been instrumental in delivering key real estate projects within the country, including Masteri Centre Point, LUMIÈRE Riverside, and Lancaster Legacy in Ho Chi Minh City; JW Marriott Hotel, Lancaster Luminaire, and My Dinh Pearl in Hanoi, as well as Techcombank Towers in both Hanoi and Ho Chi Minh City. The company has also been recognized for its commitment to environmental sustainability and social responsibility. Earlier this year, KONE was conferred the prestigious Sao Khue Award 2023 for its KONE 24/7 Connected Services innovation. It also bagged the Vietnam Smart City Award 2022 for its world’s first digitally connected KONE DX Class elevator.

For further information, please contact: 

Jane Chan, Communications Manager, Southeast Asia, tel. +65 9783 9804,jane.chan@kone.com  


Read more

Previous press releases are available atwww.kone.vn/en/stories-and-references/press-releases/including:

April 28 2023KONE Vietnam wins the Sao Khue Award 2023 for the KONE 24/7 Connected Services predictive maintenance solution

December 1 2022KONE Vietnam awarded the Vietnam Smart City Award 2022


About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2022, KONE had annual sales of EUR 10.9 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.www.kone.com