Hanoi City, BRG Group and Sumitomo Group signed a cooperation agreement on the development of a smart city in the Northern area of Hanoi with a total value of more than US$ 4 billion

In Tokyo, Japan, on 5th June, 2017, - Within the framework of Prime Minister Nguyen Xuan Phuc's official visit to Japan, a cooperation agreement on the development of a Nhat Tan - Noi Bai urban project was signed between the Hanoi City People's Committee, BRG Group and Sumitomo Group (Japan) and witnessed by the Prime Minister. The project aims to build a city, regarded as the most modern and smartest city in Southeast Asia in the Northern area of Hanoi (covering both sides of Vo Nguyen Giap Road) as part of the Nhat Tan – Noi Bai Route Planning Project

This agreement is of extreme importance to the successful development of a project of national magnitude. The first favorable factor is the presence of BRG Group, the key investor drawing detailed 1/500 planning for the whole area of 2080ha on both sides of the Nhat Tan - Noi Bai route.

Prime Minister Nguyen Xuan Phuc and leading officials of BRG Group and Sumitomo Group at the signing ceremony

Since being entrusted by the Government and Hanoi City to be the main investor in the planning of the two sides of Nhat Tan - Noi Bai route in 2011, BRG Group had considered this as an extremely important task and has taken the initiative of funding in advance. Together with the Hanoi Institute of Construction Planning and the Vietnam Association of Urban Planning and Development it had set up a Selection Council to choose foreign consultants with the best ideas of designing the project. After many rounds of selection, the P&T Group was chosen as consultants for this project.

After being submitted the planning to leaders of Hanoi City and the Government’s Standing committee the 1/500 planning divided into 3 sections (phase 1, phase 2 and phase 3) with a total length of about 11,1 km was officially approved in June 2018.

This planning project, regarded as the most important one, will create a focal point for the space and architecture of the Capital’s gateway area, provide impetus for urban development in the northern Red River area, and contribute to the city's socio-economic development.

Chairman of BRG Group, Madame Nguyen Thi Nga said: "BRG Group had spent a lot of time, effort and enthusiasm for the Nhat Tan - Noi Bai urban planning project, as we considered this as a project of great importance to Hanoi and the whole country. The construction of a modern smart urban area on both sides of the Nhat Tan - Noi Bai route, known as the gateway of the world to Hanoi, shows not only our strategic vision in the strong development of the capital, but also expresses our "dare to think, dare to do" thinking, not to mention that we have spent a lot on fulfilling our task of leaving a new hallmark on the beloved capital city.

Having a thorough grasp of the planning project to the letter, BRG Group will surely make it come true through successful development investment.

With a broad vision for a smart, modern city to catching up with the world in the spirit of positive integration, BRG Group had looked high and low for international partners who are enormously potential, richly experienced and credible for joint investment in the project. Therefore, Sumitomo Corporation was chosen to participate in this project as the Japanese Group is one of the three largest corporations in Japan. The two sides officially signed the multi-sectorial strategic cooperation agreement in December 2016 and another agreement on the Smart City development cooperation in North Hanoi in April 2017.

Sumitomo Group, known as a large firm, very experienced in infrastructure planning as well as real estate development projects and greatly supported by the Japanese Government and the Japanese business community, will help the project management achieve its important goal of creating a modern smart city as the gateway connecting Hanoi and Vietnam to the world.

The combination of BRG and Sumitomo groups with Hanoi City’s commitments to support development investment in the project, will be driving force behind the successful implementation of the project to put a new hallmark on the capital city in the near future.

The signing ceremony witnessed by Prime Minister Nguyen Xuan Phuc in Japan showed the great result of comprehensive cooperation between the two governments of Vietnam and Japan.