Establishment of smart road traffic control system in Da Nang

business overview

Country (trade office) Vietnam (Da Nang)
Project name Establishment of smart road traffic control system in Da Nang
Business Category Transportation/Logistics
Overseas ordering company Danang Transportation Bureau
project schedule Scheduled for bidding in 2022
financing Da Nang Budget
Scale $2,000 million
Project period 2021-2025 (project schedule delayed due to COVID-1919)

Detail

Main Content
  • Road traffic control system establishment
    – Smart road traffic camera installation (detection of traffic volume, vehicle number, etc.)
    – Traffic volume control in connection with transportation systems such as public transportation and traffic lights
    – Reduction of traffic accidents through traffic volume and advance warning in accident-prone areas
Reason for selection
  •  The project is included in the Da Nang City Key Projects for 2021-2025, and the project’s urgency is high due to the schedule being delayed by COVID-19.

entry plan

opportunity factor
  • Korea has strengths in digital fields such as the Internet of Things (IoT) and security cameras, and there is a high possibility that it will lead to additional projects such as storage and analysis of traffic control system data.
Threats
  • The investment source has changed from public-private partnership investment (PPP) to the city government budget, and in the case of the city government budget, local companies are more likely to be preferred
  • It is understood that many local companies are currently in contact with the relevant departments.
local collaboration
possible company
Other notes
  • The Danang city government tends to give priority to its own companies, so it is effective to cooperate with local companies and participate in the form of a consortium.