The smart city will be built by a joint venture between BRG Group and Sumitomo Corporation.
The $4 billion smart city project invested by the joint venture between Vietnam’s real estate developer BRG Group and Japanese-based trading company Sumitomo has been licensed by the Hanoi People's Committee.
The construction of the smart city located on the axis of Nhat Tan - Noi Bai route is expected to commence in the first quarter of next year by the Sumitomo – BRG joint venture.
Haiphong is becoming one of the "gold mines" of many real estate businesses.
The Hanoi People’s Committee, BRG Group, and Sumitomo Group have just signed the $4-billion agreement to develop a smart city at the north of Hanoi, along the two sides of Nhat Tan-Noi Bai Highway.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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