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4 billion deal to develop a smart city in the North of Hanoi signed
By Phuong Mai - Anh Kiet 15:59, 2017/06/06
The Hanoi People’s Committee, BRG Group and Japan’s Sumitomo Corporation signed a cooperation agreement on developing Nhat Tan-Noi Bai urban project with total investment of more than 4 billion USD, aiming to build the most modern smart city of Southeast Asia in the north of Hanoi.
Within the framework of the Prime Minister's official visit to Japan, the cooperation agreement for the development of the Nhat Tan - Noi Bai urban project has just been signed between Hanoi People's Committee and BRG Group and Sumitomo Corporation (Japan).
 
 
Chairman of Hanoi People's Committee Nguyen Duc Chung, BRG Chairman Nguyen Thi Nga and Sumitomo President signed a cooperation agreement, in Japan on June 5
Chairman of Hanoi People's Committee Nguyen Duc Chung, BRG Chairman Nguyen Thi Nga and Sumitomo President signed a cooperation agreement, in Japan on June 5

Under the witness of Prime Minister Nguyen Xuan Phuc, a memorandum of understanding was signed on June 5 in Tokyo (Japan) with the aim of building the most modern smart city in Southeast Asia, North of Hanoi (the two sides of Vo Nguyen Giap Street), belonging to the planning project of Nhat Tan - Noi Bai.

Earlier, the BRG Group signed with the Sumitomo Corporation, one of the three largest enterprises of Japan, to develop the project in April. The BRG also chose P&T Consultants to provide consultancy for the project. Total construction area of the project is 2,080 hectares along both sides of the Vo Nguyen Giap road, including four main sections with a length of 11.7km.

The detailed planning of three sections with total length of some 11.1km was approved in early 2016.​
Earlier, the BRG Group signed with the Sumitomo Corporation, one of the three largest enterprises of Japan, to develop the project in April. The BRG also chose P&T Consultants to provide consultancy for the project. 

Total construction area of the project is 2,080 hectares along both sides of the Vo Nguyen Giap road, including four main sections with a length of 11.7km. The detailed planning of three sections with total length of some 11.1km was approved in early 2016.

The combination of two BRG and Sumitomo corporations, resonated by the backing of Hanoi City with commitments to support the investment and development of the project, are certainly positive factors. Prime Minister Nguyen Xuan Phuc has realized the desire to raise urban development in line with the overall policy of the Government of Vietnam, while strengthening the good relations between Vietnam and Japan, in accordance with the whole orientation of cooperation
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