Achieving advanced Mobile Edge Computing (MEC) services such as dynamic resource assignment and slicing, maintaining Quality of Service (QoS), and enabling heterogeneous virtual functions are some of the technical challenges associated with edge-cloud enhanced 5G architectures now under consideration. This paper proposes a named-object based virtual network (NOVN) architecture to support low-latency applications in the MEC. Software router implementation running on the ORBIT testbed validates the named-object approach, showing low VN processing and control overhead, and making it possible to achieve low latency. A latency performance improvement of 30% is achieved as compared to the baseline implementation without NOVN. The results also validate feasibility of using the advanced MEC services for an example latency constrained edge cloud scenario.