Smart Facilities and Smart Cities in Vietnam

Project Report from the year 2019 in the subject Economics - Economic Cycle and Growth, grade: 1.0, The George Washington University, language: English, abstract: This paper first analyzes the challenges of labor productivity facing Vietnam as automation is further incorporated into business operations. It then discusses the recent growth of smart facility management and its key leaders, industries that will be affected, and how the economy can take advantage of a budding industry. I further postulate how smart facility management can transition into a broader smart city network, and consequently a sustainable city, and the efforts by the Vietnamese government and private sector companies to incorporate smart technology into city infrastructure. I use examples from other east Asian countries to demonstrate the various initiatives the region is implementing and how they can serve as guides for Vietnam to keep pace with the Fourth Industrial Revolution.