Japan’s Sumitomo Corp and Vietnamese real estate developer BRG Group have broken ground on a new 272-hectare, $4.2 billion USD, smart city in Hanoi. The smart city will be built in the northern district of Dong Anh, located halfway between Noi Bai International Airport and Hanoi’s city center. The project is part of a smart urban planning scheme stretching 11-kilometres from Nhat Tan Bridge to Noi Bai International Airport.
The project construction will start in 2020 and will consist of five phases. In the first phase, a residential area will be developed that consists of 7,000 apartments and houses that will be ready for occupancy in 2020. In the second phase, commercial facilities and office buildings and commercial facilities will be constructed.
Nguyen Thi Nga, the Chairwoman of the BRG Group said at the groundbreaking ceremony that a 108-story financial tower with a lotus design would become the highlight of the smart city and a financial center of Vietnam and Southeast Asia as a whole.
Nga said the 108-story financial tower would help Hanoi to become the a modern capital in Southeast Asia and be on par with the capitals of developed countries in the world.
The new smart city will tap into a metro line planned between downtown Hanoi and the Noi Bai airport, and a dedicated station will be built in the smart city which will make travel to the airport very convenient for people living and working in the area.
As well as commercial, office and residential facilities, the smart city will also contain hospitals, schools, and disaster prevention facilities, as well as lush greenery, water passage, and a main street lined with cherry blossom trees. All five phases of the projects construction will be finished in 2028, and when completed, the smart city will adopt 5G, face recognition, blockchain and other advanced technologies.