Hanoi supports building an international financial tower as part of smart city development in Dong Anh District.

The architectural design of the Financial Tower. Photo: vietnamplus.vn

In a note sent to the Ministry of Transport, the Hanoi People's Committee said the financial tower will promote the image of Hanoi and Vietnam to the world.

According to the municipal People's Committee, a note has been sent to the General Staff Headquarters under the Ministry of National Defence and the Ministry of Transport to ask the two agencies for their opinions.

In response, the Air Defence and Air Force Department under the Ministry of National Defence said the 639m building would have no impact on the operations of the Air Defence and Air Force units, nor on the military parades held in the area of Ba Dinh Square.

The Civil Aviation Authority of Vietnam, under the Ministry of Transport, said the building will not disturb the operational system at Noi Bai International Airport. However, its height may change the Minimum Sector Altitude (MSA) and Minimum Vectoring Altitude (MVA).

In order to address the issues, the Hanoi People's Committee has asked the two agencies to carry out an in-depth evaluation of the construction project.

The city authorities have also asked the main contractor and its partners to work with the two government agencies to review the construction plan and provide additional data, particularly in relation to the height of the building, which could affect flight operations at Hanoi and Noi Bai International Airport.

With 108 floors and nearly 133,300 square meters of floor space, the tower will rise to 639 meters. It is expected to be the tallest skyscraper in Vietnam as part of the Smart City project, which covers Hai Boi and Vinh Ngoc communes in Dong Anh district.

Work on the smart city project began on November 11, 2023 by Northern Hanoi Smart City Development and Investment JSC, a joint venture between property developer BRG Group and its Japanese counterpart Sumitomo.

The smart city occupies a total area of 272 hectares and encompasses the Hai Boi, Vinh Ngoc and Kim No communes in Dong Anh District. The estimated cost of the project is US$4.2 billion.

Located in the north of Hanoi, the smart city will be integrated with the most advanced solutions of Industry 4.0 to provide people with a sustainable, green and high-tech life.