Binh Duong be confident in the path of smart development

At the session titled Asian Economic Outlook, speakers affirmed that despite geopolitical instability, global economic pressures and structural deformation, Asia continues to strive and maintain its economic growth momentum.

Speakers discuss on the sidelines of Horasis Asia Meeting 2023.

Long-term vision

Currently in the world, national and international value chains are reconnecting with each other. Many Asian countries, such as China, South Korea, and Japan, proposed strong development plans to facilitate local social and commercial infrastructure. The speakers delved into the analysis in advance: What is the general outlook for Asia and how are Asian countries dealing with economic instability? What are the future difficulties that need to be overcome by short-term and long-term measures? The answer given is that Asian countries and the ASEAN region, including Vietnam, need to unite to develop carbon-neutral production models, renewable energy, infrastructure, and green supply chains.

Cuong Dang, Managing Director of Forbes Vietnam, said that Vietnam's economy is growing well in the context of many uncertainties of the global economy. It is forecast that in the coming time, global industrial and food supply chains will be restored, contributing to promoting production and creating opportunities for green and sustainable production. Vietnam has set more ambitious development visions, aiming to become a high-income country by 2045. To achieve this goal, the economy needs to grow at an average annual rate of 5.9% per capita over the next 25 years. Keeping pace with new trends, Vietnam also aims to develop in a greener, more inclusive direction.

Besides transforming the economy towards green, the problem facing Vietnam today is connecting infrastructure including transportation infrastructure, seaport system and technology infrastructure with Asia and the world. Don Lam, CEO and founding partner of VinaCapital (Vietnam), said it is undeniable that Asia's outstanding progress in new technology, an area often facilitated by existing strengths in production and infrastructure. Asia's rapid emergence as a global technology leader over the past decade is testament to the power of collaboration. Although technology supply chains in Asia continue to improve as they develop, changes have been widespread across the region. This has gone a long way in supporting Asia's relative resilience during the Covid-19 crisis. Asia is also developing new collaboration models between digital ecosystems to help businesses and societies share resources and information more effectively.

Binh Duong is on the right track

Talking to us, Dang Thi Thanh Van, Managing Director of Savvycom Vietnam, said that the Asian Economic Forum has provided important opinions for countries to have appropriate directions in the new period.

“Binh Duong, a dynamic locality with the right development orientations, today's opinions continue to help Binh Duong firmly on its path forward. In particular, Binh Duong needs greater determination in implementing production transformation models in a smarter, more sustainable direction, promoting the development of renewable energy, developing technology, and promoting digital transformation... aims to improve people's lives", said Thanh Van.

After the Horassis Asia Meeting 2023, John Jung, Chairman and Co-Founder of ICF, assessed that Binh Duong has many opportunities to develop smart strategies. “I think the most important thing is that Binh Duong must really invest financially to ensure that all the necessary factors will be focused on: logistics, transportation, quality of life through parks, green spaces and low-income housing. Besides, Binh Duong needs to consider seizing many opportunities to take advantage of what we call smart cities and smart communities through technology," he affirmed.

Mai Hung Dung, Member of Provincial Party Standing Committee, Permanent Vice Chairman of Provincial People's Committee: Binh Duong has been making efforts to promote bilateral and multilateral cooperation with international localities and organizations for socio-economic development, improving competitiveness and proactive integration. With a fast, harmonious, green and sustainable development strategy, Binh Duong's goal is to become a smart city, a modern industrial center and a leading locality in innovation by 2030. By 2045, it will become a smart city, a driving force for economic development of the region and the whole country.

Reported by Tieu My - Translated by Ngoc Huynh