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PREPARING TO START THE 'BIG PROJECT' OF OVER 4.1 BILLION USD OF BRG AND SUMITOMO IN HANOI

(Updated: 10/11/2019 2:21:54 PM)

The smart city project in Dong Anh, Hanoi of Sumitomo Group (Japan) and BRG Group (Vietnam) with a total investment of 4.1138 billion USD, will be started on October 6th.

Smart City in Dong Anh District

Smart city project in Dong Anh, Hanoi has a total investment of 4,138 billion USD

The project was built in Hai Boi and Vinh Ngoc communes, Dong Anh district, Hanoi with a total investment of 4,138 billion USD (equivalent to 94.3 trillion VND). The contributed capital to implement the project is VND 14,260 billion (of which 50% is contributed by Japanese Sumitomo Corporation and 50% by Vietnamese investors).

This "big project" includes 5 component projects, of which, component project No. 1 has an area of ​​73ha, total investment of VND 12,929 billion, will be implemented from 2018-2020; Component 2 project has an area of ​​35.23ha, total investment is 23,118 billion VND, will be implemented from 2020 - 2030;
Component 3 project has an area of ​​65.76ha, total investment is 38.117 billion VND, equivalent to 1.67 billion USD, implementation progress is from 2022 to 2026; Component 4 project has an area of ​​30.2 ha, total investment of VND 15,273 billion, with a progress of 2024 - 2028; Component project No. 5 has an area of ​​67.51 ha, total investment of VND 4,909 billion, and the implementation schedule is from 2020 to 2024.
According to VietnamFinance, this is currently one of the largest foreign-invested real estate projects in Vietnam.
The project will apply a series of technologies of the future into practice such as intelligent energy management, intelligent circulation, smart learning, smart life, smart economy ...
Not only create the best conditions for people to participate in traffic, study and work, the smart city is also considered to be an environment that promotes the competitiveness of Vietnamese businesses compared to corporations. foreign.

Earlier, at the end of 2017, under the witness of the Prime Minister, City People's Committee. Hanoi, BRG Group and Sumitomo Group signed an agreement on development cooperation of Nhat Tan - Noi Bai urban project.

According to the introduction, the project infrastructure will be invested synchronously and connected to the whole project according to the planning idea of ​​P&T Consultants Pte Ltd (Hong Kong), recreating the traditional image of Thang Long - Ha Interior with the main idea is "welcome dragon", the backbone is a highway connecting the airport to the city center, the Dragon head back to the Red River - West Lake.
Also on this route there are two other key projects, Kim Quy Amusement Park invested by Sun Group and the National Exhibition Center developed by Vingroup.
Sumitomo is one of Japan's largest trade and investment groups, with a history of nearly 100 years of development. In Vietnam, Sumitomo Corporation has invested and participated in prominent projects such as Thang Long Industrial Park (Hanoi), Thang Long Industrial Park II (Hung Yen), general contractor for construction of the section on the route. Urban railway No. 1 TP. Ho Chi Minh City (Ben Thanh - Suoi Tien), the general contractor of the construction of expanded Pha Lai, Duyen Hai 3 thermal power plants, Phu My 2-2, and many other import and export activities.
Meanwhile, BRG is a multidisciplinary business group, which owns many high-class golf courses and hotels such as Hilton Hanoi Opera Hotel and BRG Danang Golf Club.

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