The centre was initiated as part of an official development assistance project to implement an MoU on construction and urban development cooperation signed by South Korea's MOLIT and the Vietnamese Ministry of Construction.

With an investment capital of 7.5 billion won ($5.5 million), the building is located in the Academy of Managers for Construction and Cities under the Ministry of Construction. It boasts various facilities such as a South Korean smart city technology exhibition hall, a smart city certification data centre, a VR experience centre, and an education centre.

With an annual economic growth rate of 7 per cent, Vietnam ranks first in Asia for overseas construction orders from South Korean enterprises, indicating a high demand for urban and regional development.

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