Billion-dollar smart city will express the spirit and vision of a new Hanoi Vietnamese developer BRG Group and Japan’s Sumitomo Corporation have officially announced their US$4.2 billion smart city project on the outskirts of Hanoi. Through a 50/50 joint venture, a whopping 270 hectares of land located some 20 minutes from the city will begin development early next year and is expected to be complete by 2028. The smart city will be state of the art in that it will employ Industry 4.0 technology such as the Internet of Things to ensure energy is conserved. It will also feature surveillance cameras that come with the capabilities to recognise faces together with AI. Reality a long-term vision Marking the first milestone of the North Hanoi Smart City Project just before the 65th anniversary of Hanoi’s Liberation on October 10, Nguyen Thi Nga, chairwoman of BRG Group said, “We build a smart city not for our generation, but for many Vietnamese generations of the future. Here, the capacity of Vietnamese people will be truly activated and maximised, thereby creating momentum to promote the country’s socio-economic development.” Ten years ago, the businesswoman proposed to invest in a project on the two sides of… Read full this story
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