A Smart City Analytical Framework in Economics

Abstract

The idea of a smart city has grown in popularity, and communities have expressed a strong desire to turn into smart cities. Vietnamese cities are facing many challenges of urbanization pressure; population increment increase; Traffic congestion; polluted environment; electricity, water, and traffic infrastructure are overloaded. To get through these challenges, urban paradigms with socio-economic, environmental, and transport infrastructure Smart management is inevitable. However, assess the current level of development towards Smart city access is a relatively recent issue in Vietnam. The development of smart cities is expected to be one of the most significant achievements of societies around the world in the twenty-first century. The paper proposes a smart city analytical framework based on applying statistical algorithms of theoretical and empirical studies on smart cities globally. The paper’s content focuses on a building smart city model’s theoretical structure and implementation outcomes. The results of the paper revealed that the Smart city is influenced by six factors. Research results will be a meaningful reference for researchers and policymakers when the smart urban model in the Vietnamese context. The paper also implicates recommendations for some factors that influence the smart city model in Vietnam. The literature reviews on smart cities and our proposed research model are summarized in Sect. 2, while the Smart City Analytical Framework used in this study is presented in Sect. 3. The data in Vietnam, which are important for our discussion, are showed in Sect. 4, and the conclusion is established in the final section. The paper implicates approvals of some factors that impact the smart city model in Vietnam.