This report is designed to provide an overview of the smart cities sector in Vietnam. The country is currently experiencing rapid urbanization and a shift from an agriculture economy to industry and services-driven economy. It is one of the fastest growing economies in South East Asia, and has recently been elevated to middle-income status.
Vietnam currently has 774 urban areas of various sizes, of which Hanoi and Ho Chi Minh City are two special metropolises with the highest modernization rates. Its urban population has grown from 20.3% in 1990 to 33.6% in 2015 and is concentrated in Ha Noi and Ho Chi Minh City, followed by Hai Phong, Da Nang and Can Tho. Cities and infrastructure in Vietnam are growing rapidly; unfortunately, however, often without adequate planning for basic services.
While the urban areas in Vietnam only occupy 10% of the land area, they contribute to more than 70% of the country's GDP. The government is keen to develop these areas, given their importance to the economy. At a symposium in Hanoi in 2017, the Ministry of Information and Communication (MOIC) acknowledged that smart cities development will shape urban areas to be sustainable and make them an ideal place to live, work and play. It outlined the policies that will accelerate the growth model reform to improve economic growth, labor productivity and smart cities development, and to address issues stemming from rapid urbanization, insufficient infrastructure, growing demand for healthcare, sustainability concerns, and more.
It is interesting to note that the country is struggling to come up with the right resources to build these solutions, signaling it needs help from the technology industry. Thus far, it has established a Green City Master Plan and has approved the funding of approximately USD 224 million for ground breaking sustainable cities projects. This will focus on flood protection, urban solid waste management, water treatment and sanitation among others. In addition, the country also aims to develop smart buildings, smart transportation and smart water projects that will relieve the strain on Vietnam’s resources caused by its urbanization.
The report starts with a country profile, which is then followed by a snapshot of the Smart Cities sector. The report has four key sections, namely Smart Cities, Smart Water, Smart Transport and Smart Energy. Starting with the Smart Cities sector, we identify smart solutions and initiatives that have been deployed in the country. Subsequent chapters adopt the same approach.
The report is part of a series of market studies on the smart cities sector for the South East Asian markets. It is designed to provide comprehensive and well-structured information to help a company understand the opportunities in the market, and offers a wide range of data and information collected from various sources that were built together in order to give a deeper insight into the industry.
Orissa International regularly undertakes market research projects in various sectors in South East Asia, for trade promotion agencies and individual companies. With more than 20 years’ experience of helping companies with their market entry into South East Asia, our in-country research teams have acquired extensive and practical hands-on specialist industry knowledge.
Research in each country is undertaken by an in-market analyst. Our physical presence in the market gives us an ability to engage directly with local industry contacts, keep track of commercial opportunities in the market, and monitor the latest market trends and industry events that impact the market.
We undertake desk research to gather as much secondary data and information from a variety of credible sources. These include our proprietary distributor databases, specialist trade press, business and mainstream press, industry news and events, market studies, financial reports, trade associations, as well as company profiles, publications, and annual reports. Orissa International applies various processes and a series of quality checks to validate data and information to ensure the quality, completeness and accuracy of our reports.
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