Sumitomo President Masayuki Hyodo is aforesaid that whereas there’s no fixed goal for coming up with cities, the project-centered on the particular desires and demands of the individuals of Vietnam. The two sides have in agreement to separate the funding equally at 50-50 to create a wise town in 270 hectares of land. As a part of the initial plans for Hanoi’s sensible town, the project seeks to run the town on IoT technology segments like face recognition, police investigation cameras, computing, and different high-end technologies. If everything goes as planned, high-rise flats in Vietnam’s sensible town are expected to be open for occupancy to around 20,000 to 25,000 individuals someday 2022.
Other amenities are going to be developed by the second section of the plan. The General Statistics Office aforesaid gross domestic product increased by 7.31% compared to the previous year. Head of the Statistics Office, Nguyen Bich Lam, noted that producing was the key driver in the economic process. Whereas Vietnam continues to push for industrial innovations to stay up with world demand and standards, several economists believe the country is on the proper track.
Aside from a stabilizing economy that draws investors, the Vietnamese market’s interest on the internet and all technical aspects have gained the eye of foreign investors and international firms. VN categorical reported that the country’s net economy had reached $12 billion this year. Trade consultants predicted that with continued growth in internet-related activities, the world might hit $43 billion inside the following six years. Google, Temasek’s e-Conomy South Asia 2019 report noted that Vietnam is the most digital of all net economies within the ASEAN region.