Vietnam to build smart city for $4.2 billion near Hanoi

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Vietnamese hotel and golf resort giant BRG Group and Japan’s Sumitomo Corp, a trading company, struck a deal to jointly spend $4.2 billion to build a smart city close by Hanoi, the public learnt at the respective launch ceremony held on October 6.

The city, which will either be named North Hanoi or New Hanoi, will span over about 270 hectares a 20-minute drive from the center of the capital city.

Some 7,000 apartments in high-rises will be built in the first phase, with completion expected two years later in 2022. Construction of this 73-hectare residential area, which will house up to 25,000 people, is scheduled to begin next year.

The second phase of the project will see office buildings and commercial facilities built, and next, a rail station will be constrructed to connect the new city with Hanoi’s city center and the international airport. This phase is expected to be complete by 2028.

The smart city aspects of this project are advanced technology such as 5G wireless networks and facial recognition security systems together with artificial intelligence. “Internet of things” technology will be employed to promote energy saving.

The city will also be equipped with a multifunctional system to monitor air quality, water, weather, disaster risk as well as security, ensuring maximum safety for residents. Smart building management systems and renewable energy technology will be applied as well.

The highlight will be a 108-storey financial tower, with the investors expecting it to become a financial hub for not only Vietnam, but the whole of Southeast Asia.

The president and CEO of Sumitomo Corporation, Masayuki Hyodo, says his company hopes to build a city that will live up to people’s expectations and contribute to Vietnam’s sustainable development.

“City planning is an effort without a fixed goal. We will create a city that suits Vietnam,” he said.

BRG Group is a luxury recreation property developer founded and chaired by Nguyen Thi Nga, one of Vietnam’s richest women, thanks to her interests in banking, real estate and retail.

BRG operates four golf courses in Vietnam, most notably Kings’ Island Golf Resort west of Hanoi and the Ruby Tree Golf Resort in Hai Phong, as well as owns five hotels, two of which are managed by Hilton Hotels Worldwide. Another hotel managed by Hilton is planned for Hai Phong, and two others for Da Nang and Hanoi, to be managed by Sheraton and Westin, respectively.

The group has also realized one resort-style residential development, BRG Coastal City in Do Son district of Hai Phong, as well as the luxury condo complexes Oriental Westlake and Aquaspring in Hanoi.

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Vietnamese hotel and golf resort giant BRG Group and Japan’s Sumitomo Corp, a trading company, struck a deal to jointly spend $4.2 billion to build a smart city close by Hanoi, the public learnt at the respective launch ceremony held on October 6. The city, which will either be named North Hanoi or New Hanoi, will span over about 270 hectares a 20-minute drive from the center of the capital city. Some 7,000 apartments in high-rises will be built in the first phase, with completion expected two years later in 2022. Construction of this 73-hectare residential area, which will house up...

Auto Draft

Vietnamese hotel and golf resort giant BRG Group and Japan’s Sumitomo Corp, a trading company, struck a deal to jointly spend $4.2 billion to build a smart city close by Hanoi, the public learnt at the respective launch ceremony held on October 6.

The city, which will either be named North Hanoi or New Hanoi, will span over about 270 hectares a 20-minute drive from the center of the capital city.

Some 7,000 apartments in high-rises will be built in the first phase, with completion expected two years later in 2022. Construction of this 73-hectare residential area, which will house up to 25,000 people, is scheduled to begin next year.

The second phase of the project will see office buildings and commercial facilities built, and next, a rail station will be constrructed to connect the new city with Hanoi’s city center and the international airport. This phase is expected to be complete by 2028.

The smart city aspects of this project are advanced technology such as 5G wireless networks and facial recognition security systems together with artificial intelligence. “Internet of things” technology will be employed to promote energy saving.

The city will also be equipped with a multifunctional system to monitor air quality, water, weather, disaster risk as well as security, ensuring maximum safety for residents. Smart building management systems and renewable energy technology will be applied as well.

The highlight will be a 108-storey financial tower, with the investors expecting it to become a financial hub for not only Vietnam, but the whole of Southeast Asia.

The president and CEO of Sumitomo Corporation, Masayuki Hyodo, says his company hopes to build a city that will live up to people’s expectations and contribute to Vietnam’s sustainable development.

“City planning is an effort without a fixed goal. We will create a city that suits Vietnam,” he said.

BRG Group is a luxury recreation property developer founded and chaired by Nguyen Thi Nga, one of Vietnam’s richest women, thanks to her interests in banking, real estate and retail.

BRG operates four golf courses in Vietnam, most notably Kings’ Island Golf Resort west of Hanoi and the Ruby Tree Golf Resort in Hai Phong, as well as owns five hotels, two of which are managed by Hilton Hotels Worldwide. Another hotel managed by Hilton is planned for Hai Phong, and two others for Da Nang and Hanoi, to be managed by Sheraton and Westin, respectively.

The group has also realized one resort-style residential development, BRG Coastal City in Do Son district of Hai Phong, as well as the luxury condo complexes Oriental Westlake and Aquaspring in Hanoi.

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