Sunwah Innovation Center

Name

Sunwah Innovation Center

Legal name

Sunwah Innovation Center

Website

https://swinno.com.vn

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Co-working and Innovation Hub Services

NAICS

Facilities Support Services (5612)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Remote Access, Virtual Workspaces & Digital HQ (BPAMAMAL)

akta.pro secondary industry

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)

Keywords

• Co-working spaces
• Virtual office services
• Innovation platform
• Startup support
• Corporate office rental

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Office Space Rentals: Revenue generated from renting private offices (3-20 persons), dedicated desks, hot desks, and virtual office registrations. Private offices are custom-quoted; dedicated desks and hot desks are priced at fixed or daily rates.
2. Meeting & Event Space Rental: Revenue from renting meeting rooms (up to 25 guests) and event spaces (up to 35 guests) with AV equipment, flipcharts, and video conferencing capabilities.
3. Virtual Office Services: Business address registration services allowing companies to register their business at the Sunwah Innovation Center location and use associated coworking perks.
4. Innovation Ecosystem Programs: Programs and events under SWIIP that support startups and innovation, including cross-border collaboration, startup acceleration partnerships, and the Sunwah x Brinc Joint Venture focused on nurturing entrepreneurs in Vietnam.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Sunwah Innovation Center operates a premium co-working and innovation hub in Ho Chi Minh City, Vietnam, providing flexible workspace solutions including private offices (3-20 persons), dedicated desks, hot desks, virtual office business registrations, and meeting/event spaces. The center also hosts the Sunwah International Innovation Platform (SWIIP), a global network connecting universities, corporates, and support organizations across 12+ countries for cross-border startup collaboration, market access, and IP commercialization support.

Product overview

Sunwah Innovation Center is a co-working space and innovation hub in Ho Chi Minh City, Vietnam, offering a portfolio of workspace solutions including Private Office (for 3-20 persons), Dedicated Desk (24/7 fixed seating), Hot Desk (flexible daily/monthly options), Virtual Office (business registration address), and Meeting & Event Space (up to 35 guests). The center also hosts the Sunwah International Innovation Platform (SWIIP), a global network connecting universities, corporations, and support organizations for cross-border innovation collaboration. Amenities include a river view terrace, swimming pool, gym, and community spaces. The center serves SMEs to large corporations and startups.

Differentiator

Problem solved

Functional benefit

Brands

• SWIIP (Sunwah International Innovation Platform): A global network initiative by Sunwah Innovations to connect leading universities, corporates, and support organizations towards an innovation economy, fostering cross-border collaboration and information exchange among partners

Products and services

• Private Office (Văn Phòng Riêng) Fully equipped private offices designed to seat from 3 to 20 persons, providing a dedicated and professional workspace environment for SMEs and teams. Available via custom quote upon request.
• Dedicated Desk (Chỗ Ngồi Cố Định) Fixed personalized desk in open space with 24/7 access, daily refreshments, cleaning services, secured access, chill-out areas, phone booth, meeting rooms, and mail handling. Priced from 4,100,000 VND/person/month with 8h-18h access, pantry, printing, events, and security included.
• Hot Desk (Chỗ Ngồi Linh Hoạt) Flexible seating option for digital nomads and occasional workers with fuss-free sign-up and minimal commitment. Available as day packages, 3-day packages, or full-time plans. Priced from 190,000 VND/day (excluding VAT) with 8h-18h access.
• Virtual Office (Địa Chỉ Kinh Doanh) Business registration address service that allows companies to register in a professional location and use associated co-working perks. Includes business license registration, company name display in the building lobby, dedicated support team, and optional meeting room and flexible seating access.
• Meeting & Event Space (Phòng Họp Và Hội Thảo) Meeting rooms accommodating up to 25 guests and event spaces for up to 35 guests. Facilities include video conferencing, sound system, projection screen, projector, and flipchart.
• Sunwah International Innovation Platform (SWIIP) A global network initiative by Sunwah Innovations (member of Sunwah Group) that connects leading universities, corporations, and support organizations to leverage unique resources, business intelligence, and capabilities towards an innovation economy. The platform facilitates cross-border collaboration, information exchange, market exposure, connectivity, and access to programs across 12+ countries and regions.
• Service Ecosystem (Office Amenities) Comprehensive bundled amenities including high-speed WiFi, printing services, phone booths, event spaces, pantry with tea and coffee, outdoor dining area, chill-out areas, nap room, river view terrace, swimming pool, gym, yoga, reception services, community events, private elevator, and 24/7 security system.

Quantifiable outcome

• DEX Connex 2024 generated over 150 million RM (~$34 million USD) in signed contracts between Malaysian and Vietnamese companies
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

17 partnerships are on record, tiered core and major.

• BrinccoreStrategic or Co-development Partner · 2 March 2026Sunwah Innovations and Brinc established a joint venture (announced March 2, 2026) with three strategic pillars: Growth through Nurturing (IP commercialization, R&D, POC collaborations, capital connections), Inspiration through Knowledge (comprehensive programs for future generations), and Human Capital Development (innovation community connecting founders, corporates, universities, and investors). Ms. Thuy Ho, Innovation Director of Sunwah Group, was appointed Managing Director of the JV.
• Guangdong-Hong Kong-Macao Bay Area Entrepreneur AlliancemajorStrategic or Co-development Partner · 30 May 2025Sunwah introduced the Guangdong-Hong Kong-Macao Bay Area Entrepreneur Alliance, founded by Dr. Jonathan Choi (Chairman of Sunwah Group), during the Danang innovation space launch. The alliance aims to promote cross-border investment, trade, and innovation cooperation.
• Da Nang Department of Science and TechnologycoreStrategic or Co-development Partner · 29 May 2025Sunwah launched the Danang – Greater Bay Area Innovation Space on May 29, 2025, at Enosta Space, in partnership with the Da Nang Department of Science and Technology. The launch was part of the DAVAS 2025 (Danang Angels & Venture Summit) and was attended by over 100 investors and businesses.
• Malaysia Digital Economy Corporation (MDEC)coreStrategic or Co-development Partner · 14 November 2024Sunwah Innovations served as the sole Strategic Partner for DEX Connex 2024, a program organized by MDEC to connect Malaysian and Vietnamese tech businesses. Sunwah also signed a MoU with MDEC in 2023 committing to support Malaysian tech companies expanding into international markets, particularly Vietnam. The 2024 event attracted nearly 200 guests and facilitated over 40 business matching sessions with contracts exceeding 150 million RM (~$34 million USD).
• Global Innovation Alliance (Singapore)majorStrategic or Co-development Partner · 6 May 2024Sunwah Innovations welcomed a Singaporean startup delegation of over 30 entrepreneurs on May 6, 2024, as part of the Global Innovation Alliance Acceleration Program. The visit facilitated cross-border connections and market exploration for Singaporean startups seeking to enter the Vietnamese market.
• La French Tech VietnammajorStrategic or Co-development Partner · 29 February 2024La French Tech Vietnam joined SWIIP with a formal onboarding ceremony held on February 29, 2024, at the Sunwah Innovation Center HCMC. The partnership integrates French tech startups and ecosystem players into the SWIIP network.
• Sunwah GroupcoreStrategic or Co-development Partner · 7 December 2020Sunwah Innovation Center is an initiative of Sunwah Innovations, which is a member of Sunwah Group. The center operates as part of Sunwah Group's broader innovation ecosystem, leveraging the group's nearly 70 years of global presence and 55+ years of operations in Vietnam. Sunwah Group provides the foundational brand, resources, and cross-border network that underpin the center's activities.
• Hong Kong Science & Technology Parks Corporation (HKSTP)coreStrategic or Co-development PartnerHKSTP is a founding SWIIP partner. Peter Mok (Head of Strategic Partnership & Business Development, HKSTP) has publicly endorsed SWIIP as an important initiative that catalyzes long-term open innovation development. HKSTP is home to 900 tech ventures from 23 economies.
• Hong Kong CyberportcoreStrategic or Co-development PartnerCyberport is a SWIIP partner. Dr. George Lam (Chairman, Cyberport) has stated that Cyberport would serve as a springboard for Vietnamese startups eyeing the Greater China market, particularly the Greater Bay Area, while Cyberport startups can explore the Vietnamese market through SWIIP.
• Quest Ventures (Singapore)majorStrategic or Co-development PartnerQuest Ventures is a SWIIP partner and one of the largest early-stage technology investors in Asia, focused on AI, e-commerce, entertainment, finance, food, insurance, logistics, media, property, sports, and Islamic digital economy. Managing Director James Tan has expressed commitment to co-create a global innovation network with Sunwah Innovations.
• Jinan University (China)majorStrategic or Co-development PartnerJinan University is a SWIIP partner. President Song XianZhong stated that membership opens a new chapter of cooperation between Jinan University and Sunwah Group, contributing to technology, education, and cultural exchange between China and Vietnam.
• Centre for Innovation & Entrepreneurship, University of MacaumajorStrategic or Co-development PartnerThe University of Macau's Centre for Innovation & Entrepreneurship is a SWIIP partner. Prof. Jerome Yen (Head of Centre) indicated that the partnership would enable more resources for students from Macau and other Asian regions to create greater societal impact.
• Vietnam National University (VNU)coreStrategic or Co-development PartnerVNU is an academic partner of SWIIP. Prof. Dr. Nguyen Thi Thanh Mai (President, VNU HCMC) attended the HCMC Venture Capital Fund launch as a representative of the education sector, which is a key pillar of the startup ecosystem.
• Vietnam National Innovation Center (NIC)coreStrategic or Co-development PartnerNIC is a SWIIP support organization partner. Sunwah Innovations and NIC co-organized the 'Vietnam Market Entry Opportunities and Strategy' international webinar on June 28, 2022, along with InnoLab Asia.
• InnoLab AsiamajorStrategic or Co-development PartnerInnoLab Asia is a SWIIP partner and co-organizer of key events including the Vietnam Innovation Summit 2024. InnoLab Asia connects businesses with Vietnam's startup ecosystem through Open Innovation Vietnam.
• Zone Startups VietnammajorStrategic or Co-development PartnerZone Startups Vietnam joined SWIIP in January 2021 as a support organization partner, contributing to the startup ecosystem network.
• Alibaba CloudmajorTechnology or IntegrationSunwah Innovations and Alibaba Cloud established a cooperation announced on May 25, 2022, at Sunwah Galleria. Sunwah Innovations serves as a Community Partner of Alibaba Cloud, facilitating access to Alibaba's cloud infrastructure and ecosystem for Vietnamese startups.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• WeWork: Global co-working and flexible workspace operator with thousands of locations worldwide. WeWork is a broad incumbent providing premium workspace plus community programs; it is materially larger and broader than Sunwah Inno but competes in the same underlying workspace-as-a-service category.
• IWG (Regus / Spaces / HQ): World's largest flexible workspace operator with thousands of locations under brands including Regus, Spaces, and HQ. IWG is a much broader incumbent than Sunwah Inno but directly comparable as a multi-format flexible office provider offering virtual offices, private offices, and meeting rooms on subscription.

Regional players

• The Hive (Thai Son Hai / The Hive Bangkok): Co-working and event space operator founded in Bangkok with subsequent expansion across Southeast Asia. The Hive is comparable to Sunwah Inno in workspace-plus-community positioning and member-event programming, though it primarily serves the Thai and Indonesian markets rather than Vietnam.

Direct peers

• BLOCK71 (NUS Enterprise): Singapore-based innovation hub and co-working facility operated by NUS Enterprise that hosts startups and connects them to corporate and academic networks across Southeast Asia. Like Sunwah Inno, it combines physical workspace with an innovation platform (BLOCK71 Global) — making it a structurally analogous model operated at smaller scale internationally.
• Toong Coworking Space: Vietnamese co-working and serviced office operator running premium, design-led workspaces in Ho Chi Minh City and Hanoi. Toong is the closest direct competitor to Sunwah Inno in the same product categories (private offices, dedicated/hot desks, meeting rooms) and customer segments (SMEs, corporates, embassies) in Vietnam's major cities.
• CirCO Coworking (Thien Minh Group): Co-working and shared workspace brand of Thien Minh Group operating multiple centrally located co-working centers across Ho Chi Minh City and Hanoi. CirCO competes with Sunwah Inno on private offices, dedicated desks, and event space offerings in the same Vietnamese premium workspace segment.
• Officience / Officedek: Vietnamese operator providing co-working spaces, serviced offices, and virtual office registrations in Ho Chi Minh City. Competitively comparable to Sunwah Inno's virtual office and small-team workspace offerings for local SMEs and foreign-invested enterprises.
• Hong Kong Cyberport: Hong Kong-based digital tech hub and incubator that houses startups, provides workspace, and is a SWIIP partner of Sunwah Innovation Center. As a government-backed innovation campus with workspace plus venture/ecosystem programs, Cyberport is the natural public-sector analogue of Sunwah's private innovation-center model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/SunwahInno
• Facebookfacebook.com/sunwahinno
• LinkedInlinkedin.com/company/sunwah-inno-hcmc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunwah Innovation Center