Nguyen Thi Tuyen, permanent Deputy Secretary of Hanoi Party Committee, assured the ambassador, "Hanoi has been actively directing relevant departments to expedite procedures for the development of the project."

A notable element of the Smart City project is the upcoming commencement of construction for the Financial Centre Tower on November 10. Touted as a highlight of the North Hanoi Smart City, the tower is poised to be Vietnam's tallest building at 108 stories, towering over the communes of Hai Boi, Vinh Ngoc, and Kim No in Dong Anh district.

The Smart City project, sprawling over 272 hectares with a total investment of $4.2 billion, is a collaborative venture between Vietnam's BRG Group, led by chairwoman Nguyen Thi Nga, and Japan's Sumitomo Corporation, a prominent conglomerate.

The joint venture received its investment certificate at an investment conference in Hanoi in 2018, and groundbreaking occurred in 2019.

By July 2023, Hanoi People's Committee had approved adjustments to the detailed 1/500 scale zoning plans on either side of the Nhat Tan - Noi Bai route, covering both the first and second phases of the smart city project in Dong Anh district.

The progress and future of this ambitious project not only reflect the deepening economic ties between Vietnam and Japan but also underscore Hanoi's commitment to cutting-edge urban development and sustainability.

The Smart City initiative is expected to dramatically reshape the northern landscape of Vietnam's capital, bolstering its position as a modern, dynamic metropolis in Southeast Asia.