Japanese conglomerate Sumitomo Corporation has asked Hanoi authorities to help with the progress of its $4.2 billion North Hanoi Smart City project in Dong Anh district.
President and CEO of Sumitomo Corporation Shingo Ueno made the request at a Wednesday meeting with Hanoi Chairman Tran Sy Thanh.
Read more: VN: Sumitomo asks Hanoi to help meet deadlines of $4.2 bln smart city project
Building a smart city with a smart payment system playing a key role has helped Hanoi gradually transform and make breakthroughs in the process of development, said Ha Minh Hai, Vice Chairman of the municipal People's Committee.
During a conference last week, Hai said that the implementation of cashless payment solutions in public services, transportation and social security, along with electronic invoices and smart payment streets, has led the city to achieve important initial results in developing digital urban areas.
Read more: VN: An open banking system is essential for a smart city
We are at a pivotal moment in Vietnam’s journey towards digital transformation, alongside many leaders who are driving innovation through technology.
The rapid pace of this transformation is reshaping industries worldwide. Governments, businesses, and societies are increasingly reliant on cloud technologies and data infrastructure to boost economic growth, optimise services, and drive innovation.
Read more: A digital infrastructure drive for economic development
As a pioneer in 5G network infrastructure, Ericsson is supporting Vietnam in developing its digital economy. Rita Mokbel, head of Ericsson Vietnam, talked to VIR’s Bich Thuy about upcoming priorities to support building innovative 5G use cases.
Q: What do you think about Vietnam's digital infrastructure readiness for 5G commercialisation?
Vietnam is steadily building the necessary digital infrastructure to support 5G, with a key milestone being the recent auctions for 5G frequency bands by the Ministry of Information and Communications. They’ve allocated licences for the 2600 MHz and 3700 MHz spectrum bands, which are essential steps in this journey.
Prime Minister Pham Minh Chinh has expressed his confidence that the Southern province of Binh Dương will continue to achieve remarkable breakthroughs, solidifying its status as Vietnam's leading modern industry hub and ascending to become a centrally-run city in the near future.
During a working session with the standing board of the provincial Party Committee on September 26, PM Chinh called on Binh Duong to pool all resources, particularly through public-private partnerships, to invest in a synchronous and modern socio-economic infrastructure. This includes transportation, healthcare, education, industrial zones, and information and telecommunications, with the aim of transforming it into a centrally-run smart city.
Read more: VN: Prime Minister envisions Binh Duong as centrally-run smart city