Vietnam has already held a number of advantages for smart city development, including a broad coverage of 4G network, high accessibility of IT services and smartphone penetration in the country.
This comes as Vietnam’s GDP growth in 2020 is set to expand by 2 – 3%, much lower than the 6.8% target initially set for the year, Prime Minister Nguyen Xuan Phuc has said.
Samsung Vice Chairman is scheduled to meet Vietnam’s Prime Minister Nguyen Xuan Phuc during the visit to discuss business and investment opportunities.
The deals cover fields ranging from digital economy, environment to energy and infrastructure.
Vice Chairman of Samsung Lee Jae-yong is set to meet Prime Minister Nguyen Xuan Phuc during his trip to Vietnam.
The two prime ministers will discuss a wide range of issues from trade, investment to defense, education and culture cooperation.
A Vietnamese spokesperson expressed hope the visit will be a great success, contributing to boosting the Vietnam-Japan Extensive Strategic Partnership.
Mr. Suga highly valued ASEAN, of which Vietnam and Indonesia are members, due to the region’s centrality in the Indo-Pacific.
Vietnam will be the first leg of Mr. Suga’s overseas trip as Japanese PM like his predecessor, Mr. Abe Shinzo, did in 2012 after being elected as PM for a second term.
For this year, the city targets an economic growth rate in a range of 4.5% - 5% to ensure an expansion 1.3 times the national average.