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Property

Vietnam developer and Sumitomo join to build $4bn smart city

Hanoi site will employ 'internet of things,' with homes for up to 25,000 people

HANOI -- Leading Vietnamese developer BRG Group and Japanese trading house Sumitomo Corp. will spend 450 billion yen ($4.21 billion) to develop a smart city on the outskirts of Hanoi, the partners said Sunday.

The project, slated to be one of the largest urban development in Vietnam, kicks off in 2020 with the construction of about 7,000 apartments and homes.

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