The project worth nearly USD 4.2 billion is invested in by Vietnam’s BRG Group and Japan’s Sumitomo Group, and covers 272 hectares.

It is based on the smart urban planning scheme of Nhat Tan-Noi Bai axis which is over 11km long, and divided into five phases which are expected to be fully completed by 2028.

The highlight of this project will be a 108-storey financial tower. Investors have the ambition of turning this place into a financial center of Vietnam and Southeast Asia as a whole.

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Prime Minister Nguyen Xuan Phuc (C) attends at the groundbreaking ceremony of the first smart city project in Hanoi.

A multifunctional smart monitoring and warning system will be installed to keep track of the quality air and water, the weather, and natural disaster risks as well as security and safety.

A management system of smart buildings and renewable energy technology will be prioritized to optimize energy supply and storage.

The implementation of an environmentally-friendly public transport system will help connect the smart city with the center of Hanoi.

The project is taken as a reiteration of Vietnam’s commitments to implementing sustainable smart city development project between 2018 and 2025, with a vision to 2030, with the main goal of establishing a chain of smart cities in the northern, central and southern regions, and the Mekong Delta.

Source: VNA