Tokyo-based Sumitomo Corporation will develop a $4.2 billion 5G-powered satellite smart city that will be situated between the Hanoi city center and the international airport.
The smart city, located in the Dong Anh district in northern Hanoi, will cover 272 hectares including 73 hectares of residential facilities that will be able to accommodate up to 25,000 people. Residential units will be available for purchase by 2022.
The city project will include all basic infrastructure facilities to accommodate it’s inhabitants.
“The Project area will be composed of hospitals, schools, disaster prevention facilities, security systems and commercial facilities, as well as lush greenery, water passage, and a Main Street lined with cherry blossom trees,” read a press release by Sumitomo.
The development will be one of the first projects in Vietnam to utilize 5G and new smart city technology throughout the site.
“By introducing 5G, face recognition system and blockchain technologies, the area will feature sophisticated smart city services, contributing to the sustainable development of Hanoi City,” added Sumitomo.