HSBC is supporting the 10-member Asean governments’ endorsement, announced overnight, to enter 26 cities from across the region into the Asean Smart Cities Network (ASCN).
The ASCN will enable Southeast Asia to sustainably develop its cities, further optimise the region’s burgeoning internet economies, and elevate Asean’s international relevance.
As part of the concept note, released by the Asean secretariat, governments will develop a platform to share best practice, link member cities with private investment, and secure funding from multilateral funding institutions.
HSBC’s global head of Client Digital Coverage, Danielle Walsh, on Monday described Southeast Asia’s approach to smart cities as “world-leading”.
“The formation of the ASCN means that Asean’s smart-city initiatives will become greater than the sum of its parts and catapults the region into the upper echelons of smart-city advancements, globally,” she added.