Chairman of Hanoi People's Committee Nguyen Duc Chung has formally signed the memorandum of understanding for the organization of the Formula 1 race for a ten year period, taking place in 2020.
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.
To accelerate the prolonged project, Hanoi People’s Committee has proposed the Prime Minister to review and report to the National Assembly for approving the adjustment of capital increase at the the meeting scheduled to be held in May 2018.
The Hanoi People's Committee has sought approval from the Prime Minister to accept two domestic investors, namely Vingroup and T&T Group to study the future construction of metro lines No. 2, No. 4 and No. 5.
The Prime Minister Nguyen Xuan Phuc has just requested that the Hanoi People's Committee should be cautious of re-planning Hanoi railway station and surrounding areas to ensure a sustainable development.
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.
