Japan's NTT Docomo to establish advertising joint venture in Vietnam
The joint venture, Vie BOARD, is scheduled to be established in August this year, contingent upon obtaining antitrust approvals and other necessary authorisations.
The new company will create an impression-based DOOH advertising business, including media management, planning, sales, and distribution, combining Docomo's unique data-science technology with DatVietVAC and DatVietOOH's pioneering DOOH media in city centres, railway stations, and train cars in Vietnam.
The technology and practices for measuring impressions related to advertising effectiveness and visibility in DOOH advertising have not been widely adopted in Vietnam. Using Docomo's unique, highly advanced data-science technology will allow the joint venture to estimate impression data including viewer counts and characteristics in the local market.
Vie BOARD will use the resulting metrics to streamline DOOH media planning, advertisement placement, impact measurement, and analysis. This will enhance ad effectiveness visibility, enable efficient ad delivery, and contribute to the expansion of the DOOH market.
In addition, Vie BOARD will pioneer new DOOH opportunities and promote digitalisation of impression-based DOOH advertisement placement in Vietnam, utilising DatVietVAC's expertise in sales and strong relationships with local clients, advertising agencies and location owners.
In terms of specific roles, Docomo will propose methods to apply measurement techniques of DOOH business developed in Japan and provide impression data within Vietnam. DatVietVAC and DatVietOOH will provide expertise in managing DOOH operations locally, sales functions expertise, and facilitate relationship-building with clients and advertising agencies in support of business expansion and development.
Docomo has developed and implemented technology to measure advertising effectiveness based on non-specific location data, helping to digitally transform Japan's DOOH business. Docomo has also developed a unique technology for highly precise measurement of viewer counts and characteristics using international GPS data. In addition, the company has been actively pursuing opportunities for DOOH business expansion in overseas markets poised for significant growth.
Among the fast-growing Southeast Asia, Vietnam's DOOH market is poised for significant expansion due to accelerating smart-city initiatives and infrastructure development, including mass-transit railways.
This growth is expected to significantly expand the DOOH market in Vietnam. Recognised for its data-science technology by DatVietVAC, Docomo has partnered to combine both assets, aiming to expand Vietnam's DOOH market.
This partnership has culminated in the agreement of the creation of the Vie BOARD, which will initiate DOOH business using data-science technology.
Going forward, Docomo, DatVietVAC and DatVietOOH, working through their new joint venture, Vie BOARD, will develop DOOH advertising products and services for local advertisers and contribute to DOOH adoption and advertising effectiveness in Vietnam.
Source: Vietnam Investment Review
