Binh Duong determined to build smart city

Binh Duong New City in Binh Duong province (Photo: VNA)

Accordingly, the province will be able to boast five smart zones in Binh Duong city and four southern townships.

Since 2015, Binh Duong has partnered with the Dutch city of Eindhoven to launch a socio-economic development model based on close partnership between the State, schools, and businesses.

At the same time, Binh Duong will focus on speeding up comprehensive administrative reform and developing an eco-friendly transportation system.

In August 2018, Binh Duong was recognised as the 106th member of the World Technopolis Association, making it easier for the province to both acquire experience in developing a smart and modern city with sustainable development, as well as popularising the locality to international partners and introduce its opportunities to attract foreign investment.

In the near future, Binh Duong will concentrate on an investment attraction project for the 2016-2020 period, targeting partners with strong financial capability and major economic groups worldwide.

It will also gear foreign capital into high technology with high added value, eco-friendly qualities, and requiring a limited workforce, including industrial zones and complexes. Domestic capital will be encouraged in the support industry, towards gradually joining the global value chain of multinational groups.

Liem said the smart city development project was approved by the provincial People’s Committee in November 2016.

As of September 2018, Binh Duong recorded over 31.2 billion USD in foreign direct investment in more than 3,300 valid projects, ranking third in the country. Of which, over 3,000 projects worth 22.5 billion USD are in manufacturing and processing, making Binh Duong a locality with rapid industrialisation and urbanisation in the southern key economic zone.