Work kicks off on $4.2 billion smart city in Ha Noi

Oct 7th at 07:39
07-10-2019 07:39:38+07:00

Work kicks off on $4.2 billion smart city in Ha Noi

Work has started on Ha Noi’s first smart city project in Dong Anh District, with an investment capital of more than US$4.2 billion.

 

Prime Minister Nguyen Xuan Phuc, leaders of ministries, branches and Japanese officials attended the event to mark the beginning of construction yesterday.

The project, the largest in the country invested by a joint venture between BRG Group and Sumitomo Corporation of Japan, is in the north of Ha Noi on ​​272 hectares.

It will be built in five phases, which are all scheduled to be operational by 2028, and will contain digital technologies including smart energy management, transportation systems, security management, classroom systems, economics and smart life.

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

The city will 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 system and renewable energy technology will also be applied.

Its environmentally-friendly public transport system will connect with the centre of Ha Noi and will include 5G technology, face recognition and blockchain technology, contributing to improving the services of Ha Noi.

The project has received close cooperation from the Japanese Government, helping Viet Nam promote the implementation of the programme on sustainable development of smart cities in Viet Nam from 2018 to 2025 and a vision to 2030.

During that time, they want more similar developments in the North, Central, South and Mekong River Delta regions.

bizhub



NEWS SAME CATEGORY

Saigon housing prices go up and up

Average prices for apartment and terraced house segments in HCMC saw double digit growth in the third quarter.

Rich South Koreans prefer Vietnam for overseas real estate investments

Vietnam is the most preferred country among rich South Koreans looking to make overseas real estate investments, a new survey has found.

Housing prices rise slightly in third quarter

Housing prices in Ha Noi and HCM City increased slightly in the third quarter, according to an annual report from the Ministry of Construction released at a press...

West Hanoi – the highest rental yield rates of all districts

In Hanoi's ever-changing real estate sector, investors have been keeping their eyes on the office segment of West Hanoi – the new hotspot of the capital.

PM asks Danang to review 21 foreign-owned land lots

The prime minister has ordered the Danang government to look into violations related to 21 coastal land lots owned by Chinese nationals, in line with prevailing...

New drive in smart city development

A modern city with many public facilities and utilities serving people, suitable investment attraction, and effectively supporting the policy of relaxing Hanoi’s...

Foreign firms rent most premium office spaces: report

Foreign companies dominate premium office renting in Vietnam, where prices are among the highest in ASEAN, a new report says.

Novaland pours $20 million into Azerai Can Tho Resort

 Deutsche Investitions - Und Entwicklungsgesellscheft Mbh (DEG) will sponsor US$20 million in the Azerai Can Tho Resort, one of the first projects of the NovaWorld...

Overlaps in legal system create difficulties for property businesses

Overlapping legal documents are a major obstacle in need of removal to help construction and the development of housing projects.

Old is gold: once-shunned decrepit buildings find new commercial uses in Viet Nam’s cities

Going to old buildings to shop and have coffee and food has become popular with young people in major cities looking to find somewhere chic and attractive to relax.

Real estate stocks

Construction stocks


MOST READ


Back To Top