Vietnam embraces investment towards smart city advancement
In a significant move towards strengthening bilateral ties, Chinese firms CCC Infrastructure and Shenzhen Hero Group have been encouraged to collaborate with Vietnam in various areas, including smart urban development. This collaboration comes as part of Vietnam's broader strategy to develop smart cities, a key driver of its digital and urban economies.
Deputy Prime Minister Nguyễn Chí Dũng welcomed the interest and plans of CCC Infrastructure and Shenzhen Hero Group to invest in Vietnam. The Chinese firms are exploring specific investment opportunities in smart urban development projects in potential localities such as Bac Ninh and Tay Ninh.
One of the key areas of interest for both companies is the development of smart urban projects. This could involve integrating technology for efficient urban management, energy efficiency, and enhanced quality of life for residents. The companies are encouraged to start with pilot projects in smaller urban units like communes and wards.
Shenzhen Hero Group and CCC Infrastructure also plan to invest in high-quality industrial parks across Vietnamese localities. To explore these investment opportunities, they seek government support.
The Vietnamese Government has delegated authority to localities, meaning that investors should work closely with local authorities to receive guidance, prepare project proposals, and ensure compliance with legal regulations.
Deputy PM Dũng suggested that businesses can directly invest in developing smart urban projects in potential localities, initially piloting in smaller urban units such as communes and wards. He also noted that Vietnam has policies to develop smart urban chains with centrally-run cities serving as core hubs.
Cooperation in research and technology transfer for urban governance is encouraged between enterprises and Vietnam in the context of smart urban development. Businesses are also encouraged to provide financial and technical support for pilot projects in Vietnam's smart urban development.
Shenzhen Hero Group and CCC Infrastructure have expressed interest in implementing real estate projects in Bắc Ninh and Tây Ninh, Vietnam, particularly in smart urban developments in the mentioned localities. The Vietnamese Government is open to direct investments from businesses like CCC Infrastructure and Shenzhen Hero Group in developing smart urban projects in potential localities.
The Vietnamese Government will continue to support Chinese enterprises, including CCC Infrastructure and Shenzhen Hero Group, to invest and operate effectively in Vietnam. The next steps include developing pilot projects, working closely with local authorities, engaging with the government to explore investment opportunities, and securing necessary support for these projects.
This collaboration between CCC Infrastructure, Shenzhen Hero Group, and the Vietnamese Government is a significant step forward in the development of smart cities in Vietnam, promising a more efficient, sustainable, and technologically advanced urban landscape for the future.
- The Chinese firms, CCC Infrastructure and Shenzhen Hero Group, have been encouraged by the Vietnamese Government to collaborate on smart urban projects, which could involve integrating AI technology for efficient urban management, energy efficiency, and improved quality of life for residents.
- To explore potential investment opportunities in smart urban development projects, Shenzhen Hero Group and CCC Infrastructure are seeking government support, particularly in industrial parks across various Vietnamese localities.
- Deputy PM Nguyễn Chí Dũng suggested that businesses can directly invest in developing smart urban projects, initially piloting in smaller urban units like communes and wards. He also noted that Vietnam has policies for developing smart urban chains, with centrally-run cities serving as core hubs.
- Cooperation in research and technology transfer for urban governance is encouraged between enterprises and Vietnam in the context of smart urban development, and businesses are also encouraged to provide financial and technical support for pilot projects in Vietnam's smart urban development.
