11 November 2020

Vietnam

SC has formed a six-company consortium with NTT Communications Corporation (NTT Com), TEPCO Power Grid, Inc. (TEPCO Power Grid), NEC Corporation, Hakuhodo Inc. and Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) to consider launching a joint project to develop a smart city spanning 272 hectares in the Dong Anh district in northern Hanoi City, Vietnam. The six companies will mobilise technologies and expertise to promote urban development for solving social issues in Vietnam and to demonstrate how a town can achieve sustainable growth for 50 years.

The Purposes of the consortium are:

• Solving social issues in Hanoi City with Japanese companies’ technologies and services, in collaboration with Vietnamese companies
• A town that helps people and the community to achieve smart and prosperous growth
• Urban development with an open platform for companies in and outside Vietnam

The six companies will study specific services and town management in the areas of community, mobility, energy, and digital infrastructure by using their strengths. By consolidating the respective companies’ knowledge and drawing on external advice and cooperation, the consortium will determine the direction of the project and collaborate with Vietnamese companies.

Under its Medium-Term Management Plan 2020 initiated in April 2018, SC regards social infrastructure as one of its growth areas, and is increasingly focusing on urban development, including smart city projects, and various infrastructure projects. Through this town development, residents will work together to solve issues in their lives and continue to improve the elements that are necessary for the development of the town. Such development will be the fundamentals of the sustainable urban development that SC aims. Through this project, SC will respond to the demand for urbanisation driven by economic and population growth in Vietnam and present the world with a role model in which only private companies build a town from scratch to contribute to the economic and industrial development of Vietnam and the world.

Vision and core values of the project