Vietnam Sustainable Cities Start with Developing Sustainable Transportation

Industry development definitely improves people’s standard of living. On the other hand, industrialization starts to bring negative impacts to the environment. Vietnam decides to start a green revolution by establishing Vietnam sustainable cities.

Awareness of environmental impact leads Vietnam to find solutions to balance the economic growth and natural resources. In this case, the concept of sustainable cities highlights the well-being of the economy, social and environment. 

Sustainable Transportation

In order to achieve the goal of creating sustainable cities, Vietnam has implemented a green revolution in public and private sectors. Transportation becomes the top concern in actualizing the sustainable cities because the majority of gas emissions come from vehicle and automotive industries. 

95% of vehicles that Vietnamese use are motorbikes. It makes sense that motorbikes become the primary vehicle to travel. At this moment, there are approximately 1000 electric vehicles in Vietnam. This country has 2000 charging stations to recharge the battery of electric vehicles. 

By 2022, Vietnam plans to create sustainable transportation by producing more electric vehicles. Their target is 250.000 electric vehicles. While increasing the number of electric vehicles, Vietnam will also install 20.000 battery charging stations. 

The more electric vehicle users, the transportation will become more sustainable. Electric vehicles will effectively reduce gas emissions. The battery charging costs are relatively lower than fuel vehicles. Besides, the electric vehicles manufacturer will stay sustainable too. 

Automotive Manufacturer 

Gas emissions from vehicles gradually cause global warming. Hence, most automotive industries around the world strive to apply sustainable manufacturing by producing electric vehicles. However, the production of electric vehicles still emits a carbon footprint. 

Some automotive manufacturers keep developing strategies to lessen harmful emissions toward the environment.  Recycling battery cells used for electric vehicles will decrease the emission and resources. Most countries around the world including Vietnam attempt to provide eco-friendly automotive manufacturing.

Actually, Vietnam has emphasized sustainable transportation in their program for National Digital Transformation from 2025 to 2030. They aim to establish sustainable cities that require collaboration of public and private sectors. 

To establish sustainable cities in Vietnam, transportation must adapt to urban centers. Citizens may opt for private or public transportation. As long as the transportation system implements the concept of sustainability, then they can keep the environment, society and economy balanced. 

Other Potentials to Improve Vietnam Sustainable Cities

Aside from that, Vietnam still has several potentials to optimize the future sustainability in this country. It is impossible to create sustainable cities without exploring other potentials. Applying sustainable transportation is crucial. But there are some aspects that require development to create sustainable cities. 

Infrastructure

All cities must have adequate infrastructure to fulfill citizens’ standard of living. Ideally sustainable cities surely apply intelligent technology in infrastructure development, especially for the energy and logistics sector. 

Green Building and Spaces

Environmental welfare becomes a priority when Vietnam aims to develop sustainable cities. Currently this country intensifies the usage of eco-friendly materials to construct corporate and residential buildings. Vietnam also strives to provide green spaces that are free from pollution. 

As transportation becomes the major factor that contributes to environmental impact, Vietnam currently focuses on sustainable transportation programs. However, other sectors also need development to actualize.

Bangkok Consumer Spending and How The Government Affects

Understanding the inflation outlook of Bangkok, the capital of Thailand, will help you see the forecast of Bangkok consumer spending in 2022. Then you can decide whether this country is the right destination to expand your business.

Inflationary pressures were rising during 2021, not only in Thailand but also in many countries around the world. The inflation was caused by the higher commodity prices, low base effects, and also supply chain challenges to create the localised shortages.

Conduct Market Research in Bangkok Before Entering Market

Everyone believes that the rising CPI (consumer price index) is the key risk to Thai consumer spending. It is able to erode the citizens’ purchasing power. Thailand’s CPI reached 3.4% year on year only in April. But since then, the CPI has been declining. In July, it was just 0.45%.

Those percentages partly reflect the subsidies of the Thai government to ease the financial burden of people. The risk team of the country projects that the inflation is going to be about 1.0% for the whole year.

Thai Government Restrictions Affect Bangkok Consumer Spending

On September 1, the authorities in Thailand eased several restrictions in the provinces that were hardly hit by the pandemic. The restaurants were allowed to offer dine in service with some conditions. Many businesses in the shopping malls started reopening.

However, the governments didn’t remove the curfew and it remains in effect to the end of that month. Restrictions in Thailand remain moderate with the score of stringency index 55.1 out of 100 (in September 5, 2021). However, the restrictions are going to be eased further because of the vaccines.

Thai Government Supports for Better Consumer Spending

Stimulus measures of the governments specifically support Thai households and shield the consumer spending. Those measures have included the fiscal package that was released in three different phases. This included the assistance for workers and health related spending.

The supports were also given for the entrepreneurs and farmers who are affected by the virus, for businesses and individuals through the tax relief and soft loans, social security contributions, lower utility bills, and also measures to support the local tourism.

Understanding The New Bangkok Consumer Spending

In terms of the smaller expenses, there are more demands that are expected for the personal care items, groceries, as well as cleaning products, due to the movement restrictions that are being gradually lifted in Bangkok and many other cities in the country.

About 80% of Thai citizens are being much more mindful of the amount they spend during the monthly shopping. Only 28% of people in Thailand are comfortable to visit the restaurants and only 41% Thai citizens are comfortable to visit their family and friends at their homes.

Increase in Several Sectors

However, the demand for cashless payment facilities, e-commerce, and digital activities is increasing. The consumers find bigger comfort with online purchases and cashless payments. Netflix is getting much more famous during the pandemic.

Consumer spending in Bangkok is affected by the government, its restrictions, and its support to the citizens. Some sectors may rise slowly but some other sectors are increasing much more quickly. Read the market to know the best to do to expand and enter the market successfully.

The Most Profitable Market Opportunity Based on Market Research Malaysia

With the GDP rate reaches 5% in 2019, Malaysia now is seen as a country with great economy growth.

It’s because Malaysia has gained much profit by importing some products such as natural gas and semiconductors.

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Market Research Southeast Asia: Ecommerce Trends

Market research Southeast Asia shows that the region as an e-commerce market has grown significantly over a decade.

Just a decade ago, internet penetration was so low that most people in Southeast Asia have no connection or limited access.

Today, Southeast Asians are among mobile internet users with most engagements in the world. This significant change affects how customers shop.

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5 Profitable Industry Sectors in Market Research Myanmar

The company research about market research that is sectors focused. Market research Myanmar has multiply research and provides a consultancy team.

The Team of multidisciplinary is about market research, policy analysts, economists, and business provided by the company market research.

But the company has sectors that popular in Myanmar, such as in industries and policy advisory.

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Conducting a Successful Market Research in Qatar

If you are currently running a business, it is very important to first conduct market research before trying to market the products or services in a targeted country.

This is especially important in Qatar. Market research Qatar is essential to the development of your business because the majority of consumers in Qatar considers the quality of things they purchase.

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The Core Competencies Of The Management Consultant Company In Thailand

The management consulting focused on business issues that happened like employee engagement and business strategy etc. The management consultant also will analyze the data and learn the situation for the client.

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This is the Strategic Action Taken By Market Research In Abu Dhabi

Market research Abu Dhabi has stages in performing strategic actions according to standard. At that stage they will point out the framework to facilitate the research. From the results of research will be obtained a hope. Hope to create brand in case of decrease with lot of new competitors.

Identifying the problems to be studied is the objective of the market research Abu Dhabi service designated by the merk owner. Some things that need to be done on the riset is at the time of determining the problem to be studied. There are many ways to do that. Continue reading “This is the Strategic Action Taken By Market Research In Abu Dhabi”