ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
International relations

Vietnam smart town draws Japan Inc.'s big names

Sumitomo-led consortium's $37bn plan covers self-driving buses and cherry trees

Vietnam's new smart town will be built on 310 hectares near Hanoi.

HANOI -- Japan's government and more than 20 companies are teaming up to construct a smart town in Vietnam by 2023, featuring self-driving buses and a host of energy-saving technology.

General trader Sumitomo Corp., machinery maker Mitsubishi Heavy Industries and subway operator Tokyo Metro are among the businesses on board. Valued at nearly 4 trillion yen ($37.3 billion), this stands to be the largest Japan-led overseas project to date, according to officials of the Japanese companies involved.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more