What does Vietnam learn from the smartest city in the world?

Smart city is an inevitable trend of many big cities in the world. For years, Vietnam has begun to shift itself to catch up with this trend. On that journey, what can Vietnam learn from Singapore - a country with Southeast Asia being well known as the world's leading smart city?

Singapore - the world's leading smart city

Although there are many disadvantages in natural resources and climate, but the lion island nation is currently leading the race to build smart cities globally. This success comes in part from the government's efforts to successfully implement many initiatives, build trust and credibility with the people. Besides, Singapore has a high level of technology and solid infrastructure, which is the foundation to focus its efforts on building a technology city.

Singapore's first steps in creating smart urban areas is to build a fast-paced nationwide broadband network and free wi-fi for the entire population. Next, the lion island nation formed a nationwide street sensor network, thereby making a road toll frame according to the actual use. This network will soon be upgraded to a station/gate system, accurately charged by location, and provides traffic information and automatic charging services at roadside parking lots.

The application of smart technology has made Singapore a safe country of full convenience, clean environment, which is a worth living and worth working place.

At intersections, elderly and disabled people may swipe radio frequency identification (RFID) tags in the standby box to allow more time to cross the road. Even Singapore's clean water management system is among the most advanced system in the world as the government is testing seawater desalination technology with half of existing electricity consumption methods.

In addition, a number of selected projects in the Housing Council and real estate projects in Singapore are also testing indoor smart products such as smart lighting systems to save energy and sensors to monitor elderly residents in case of emergencies, automatically pneumatic waste collection sensors to collect odorless waste... In addition, from 2017, after being approved by the government, start-up nuTonomy has begun testing autopilot.

The application of smart technology has made Singapore a country with a high level of safety, convenience, clean environment, which is a worth living and worth working place.

Building a smart city in Vietnam: full of challenges

Vietnamese real estate enterprises need to consult many parties to find the direction and smart products that fit your project

Vietnam has been taking the first steps in the development of smart urban areas. Mr. Matthew Powell, Director of Hanoi Savills said: "At the city level, many local authorities have been making certain efforts in building a smart city: improving the efficiency of electricity and water use and social utility infrastructure. At the project level and the building, developers and buyers are aiming to smartize management and operation activities: from security systems to internet connections, from electricity use to critical aspects that minimize environmental impacts. At the apartment level, it has gradually emerged in the market with products that integrate intelligent support systems and synchronous internet (things) provided by third parties.”

Mr. Matthew also said that the key to building a successful and sustainable smart city is learning, researching and experimenting. Vietnamese real estate enterprises need to consult many parties to find out the right direction and smart products suitable for their projects.

“Proptech trend is currently very strong in the world with a huge amount of investment. Developers have a lot of options in the application of smart technology, but not all directions are appropriate with Vietnamese specific products and habits. So they need to spend time to research and find suitable partners, long-term value for products, projects and customers in Vietnam, instead of just a keyword for marketing sales", Director Savills Hanoi stressed.

According to Thuy An