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South Korean firms building smart city in Vietnam
Ivy Su, Taipei; Yusin Hu, DIGITIMES 0

South Korea's SparkLabs Korea, Daewoo E&C Vina, and Bespin Global have signed a strategic partnership to construct a smart city platform in Vietnam, according to SparkLabs Group.

According to Vietnamese-language news outlet, VnEconomy, the smart city platform will be based on data generated by Daewoo's smart city model, in an effort to solve problems caused by rapid urbanization in the city and to improve efficiency in managing infrastructure.

Bespin Global's task is to attract R&D centers to work on building the platform and fundamental cloud-based facilities.

In other smart cities like Singapore, Dubai, New York, and London, tech startups play an important role in advancing the city, SaprkLabs Korea and SparkLabs Group's partner Eugene Kim were cited as saying. SparkLabs works around major cities in the world with startups that show great potential. They are now discovering startups in Southeast Asia to build smart cities.

Daewoo's Daewoo Starlake City is the very first smart city in Vietnam. They have improved the quality of the natural environment in Hanoi by ushering in drone control system, building information modeling (BIM) management, and air quality monitoring system, Daewoo's executive vice president, Sung-Jin Cho, was cited as saying.

Bespin Global's president Mik-Sik Cho said that a smart city needs to be based on a smart city platform that can collect and analyze data generated during the process of developing the smart city.

SparkLabs Group is a venture capital and a startup accelerator. Having invested in over 300 startups around the world since 2013, SparkLabs is now helping to manage the Vietnam Smart Tech Fund, which helps accelerate growth of new tech startups.

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