Representatives of Hung Yen province and Korea Land and Housing Corporation show the signed MoU on cooperation on smart city development (Photo: VNA) Seoul (VNA) – The People’s Committee of northern Hung Yenprovince and the Republic of Korea (RoK)’s Korea Land and Housing Corporation(LH) on September 20 inked a memorandum of understanding on cooperation onsmart city development in Hung Yen province.
Speaking at the signing ceremony in Seoul, CEO of LH Byeon Chang-heumsaid the collaboration between the Vietnamese province and LH is of importanceto the growth and joint development of both sides.
It will serve as a driving force to further strengthen the Vietnam-RoKfriendship and cooperation, he added.
The construction of a smart city applying information and communicationstechnologies (ITC) and Internet of Things could be an effective solution tovarious urban issues such as traffic, safety, parking and environment, Byeonsaid.
For his part, Chairman of the Hung Yen People’s Committee Nguyen VanPhong said the province is facing various problems due to fast urbanisation andpopulation growth.
Therefore, the province hopes to develop a smart city model in line withthe Fourth Industrial Revolution, thereby improving living conditions of localpeople and contributing to the provincial socio-economic development, he noted.
LH is a leading business in smart city development in the RoK. It previouslyjoined hands with TDH Ecoland, an affiliate of real estate developer EcoparkCorp, to set up a modern industrial park covering nearly 140 ha in Hung Yen./.
VNA
