return icon

Smart cities on the tech titan radar

With smart cities being among the advances in Vietnam, domestic and foreign investors are venturing further into new projects to benefit from future growth potential, with new initiatives being in the gun barrel.

Smart cities on the tech titan radar


On March 11, Viettel signed a cooperation agreement with the northern province of Hoa Binh, with smart cities being a key focus for the next three years.

Under the strategic cooperation for digital transformation in 2022-2025, Viettel will provide the province with high-tech solutions to accelerate public administrative reforms and develop e-government. The two sides will also partner in developing telecom infrastructure; applying IT in building smart city, smart agriculture and smart tourism; improving information security; and enhancing quality of telecom and IT workforce.

Vietnam has witnessed several new smart city agreements already this year between domestic firms and local authorities. They included Mekong Smart City, signed between NovaGroup and the Mekong Delta provinces of An Giang and Dong Thap; and FPT Corporation teaming up with the central province of Khanh Hoa.

Developing smart cities in Vietnam has been advancing since 2018, when the prime minister approved the scheme for sustainable development of smart cities towards 2025 but with a vision towards 2030. Over the past two years, the government has urged big cities to take bold and drastic steps in applying technology and solutions for smart city development in a move to control the pandemic, as well as serve economic recovery and development.

To date, 41 out of 63 cities and provinces have built or are building their smart cities development schemes. Thus far, more than 100 smart cities projects have been carried out in Vietnam, mostly in Hanoi, Ho Chi Minh City, and the central city of Danang, and fields of interest include e-government, transport, and the environment.

Viettel might be one of the biggest beneficiaries of this trend. It is said that about 30 cities and provinces have signed cooperation agreements with Viettel on smart city development. In particular, in 2021, Viettel signed a deal with Danang to last until at least 2025, focusing on the digital development of infrastructure, platforms, government, economy, and society.

Other technology giants like FPT and VNPT are also getting involved, with the latter building the Intelligent Operation Centre in the northern province of Phu Tho in 2020. Last year, FPT carried out similar activities in the south-central province of Binh Dinh, as well as signed many agreements on smart city development with a raft of other provinces.

Together with domestic players, foreign groups have been boosting their footprint in the field.

SonKim Land entered into strategic cooperation with US tech giant Qualcomm last year to deploy its telecommunications infrastructure for the 9 Stellars smart township project.

Also that year, Vietnam’s Becamex IDC signed a cooperation programme with The Connected Places Catapult of the United Kingdom on developing the Binh Duong smart city, an ‘Innovation Region’, and a sci-tech industrial park in the southern province.

Similarly, Korea Land and Housing Corporation has signed deals on cooperation in smart city development in recent times with the northern province of Hung Yen, the People’s Committee of the central province of Thua Thien-Hue, and with the Vietnamese Ministry of Construction on cooperation in social housing, energy-saving housing, smart city development and green city and urban reconstruction.

At a meeting with Samsung in 2021, Chairman of Hanoi People’s Committee Chu Ngoc Anh suggested that the South Korean conglomerate provides the city with technical support in developing smart cities, smart transport, and promoting digital transformation. Samsung’s $220 million research and development centre in Hanoi, initiated in March 2020, is expected to be completed by the end of this year.

Source: VIR

The beginnings of a smart-city model

The beginnings of a smart-city model

Ho Chi Minh City, Hanoi, Da Nang, Nha Trang and Binh Duong are implementing administrative reforms to launch and speed up smart city projects to attract more foreign investors.


Vietnamese banks that 'disappear' from the market

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

Discovering Hanoi’s famous incense making village

The craft village with a tradition of more than 100 years impresses visitors for its space that is filled with vibrant colors such as blue, red, yellow, etc. of beautifully shaped bouquets of incense.

Vietnam to reassert its position on the world coffee map

Vietnam is the world's second largest coffee exporter, but its impact on the world coffee market is not commensurate with its position, experts say.


Coffee exports to Netherlands enjoy three-digit growth

Youngest female Vietnamese Associate Professor receives Kovalevskaia Awards 2022

Prof. Dr. Le Minh Thang on March 7, 2023 was presented the 2022 Kovalevskaia Awards 2022 by Prime Minister Pham Minh Chinh.

Third pedestrian street opens in Hue City

The Hai Ba Trung Pedestrian Street was opened on Sunday evening in Hue City, becoming the third walking street in the central province of Thua Thien-Hue.

Entertainment and cultural events of the week (March 27-April 2)

Entertainment and cultural events in Vietnam's major cities on March 27-April 2.


Vietnam wins 17 prizes at International Robothon 2023

K'Duong breaks three youth weightlifting world records

Vietnamese weightlifter K'Duong broke three youth 55kg world records during the 2023 International Weightlifting Federation (IWF) World Youth Championships on March 26 which is taking place in Albania.

Struggling hoteliers seek Government support to revive from COVID-19 crisis

Small- and medium-sized hotels in HCM City are struggling with low occupancy rates and labour shortages, and are in need of support to recover from a COVID-19-induced slump, according to the municipal Department of Tourism.

Lion Championship MMA returns, first fight in Hanoi on April 1

The second season of the Lion Championship mixed martial arts will be back with great fighters and frightening fights in April.

Driftwood space launches in Hoi An

The first ever wood recycle space – driftwood village’s studio – has been launched in the ancient’s Cam Ha Commune on the most favourite bicycle riding road connecting the Old Quarter and An Bang beach.

Hoi An to host International Choir Competition

The event has received registrations from 20 teams representing nine countries and territories, and will feature 13 events with eight grades held at the city’s theatre.

Big race for investment in e-commerce logistics

An increase in online sales has put pressure on the logistics system, thereby triggering the race to invest in Vietnam's e-commerce logistics, according to insiders.

Banks underwriting bonds should buy back bonds: VN central bank

Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said.