A Japanese group has joined Phu My Hung in the development and operation of a large-scale urban project in Bac Ninh.

At the opening ceremony of a real estate trading floor in Hanoi on the morning of October 3, Phu My Hung Corporation officially announced that Nomura Real Estate Vietnam will act as a co-developer of the Hong Hac City project in Bac Ninh.

Accordingly, Nomura Real Estate Vietnam will work alongside Phu My Hung throughout the entire project development process, from planning and design to construction and operation management. The Japanese real estate company will apply high-quality standards along with the Kaizen philosophy—continuous improvement—across all stages of the urban development.

Mr. Nobuaki Higashi, General Director of Nomura Real Estate Vietnam, stated that the company has strengths in urban design that integrates closely with nature. “Climate adaptation solutions, biodiversity conservation, and harmonious planning are the sustainable development trends we pursue,” he said.

A representative of Nomura Real Estate Vietnam also highly appreciated the project’s strategic location and development potential. In addition to Hong Hac City, the company is also planning to expand its investments in residential and mixed-use developments in other major cities.

Meanwhile, Mr. Truong Quoc Hung, Deputy General Director of Phu My Hung, stated that Nomura Real Estate was selected not only for its experience but also for its shared long-term development vision and customer-centric approach. “The two parties operate as one entity within the project,” Mr. Hung emphasized.

According to Mr. Hung, in addition to leveraging the experience gained from developing the Phu My Hung urban area, this partnership will enable Phu My Hung to access modern planning trends, optimize project implementation speed, ensure construction quality, and enhance the overall customer experience.

At the event, the developer’s representative stated that the project has completed the main infrastructure axis and the internal landscaping system. The second sales phase is scheduled to take place in early Q2 2026, following strong absorption signals from the initial phase.

The newly opened trading floor, located at 677 Lac Long Quan Street, Tay Ho Ward, Hanoi, is expected to help customers in the northern region access the project more conveniently. The location offers easy connectivity to the city center and nearby urban areas and amenities such as Lotte Mall and the new administrative center of the capital.

Source: “Phu My Hung and Nomura jointly invest in Hong Hac City” – VN Express

Read the full article here: Phú Mỹ Hưng và Nomura cùng đầu tư Hồng Hạc City – Báo VnExpress