The administration in Hanoi on Saturday inaugurated the Hanoi Children's Palace, which carries a price tag of over VND1.15 trillion (US$46.8 million).

The project was opened in celebration of the 70th anniversary of the Vietnamese capital's Liberation Day (October 10, 1954 - October 10, 2024).

Hanoi's Permanent Deputy Secretary Nguyen Thi Tuyen said the Children's Palace is a key project for 2020-25.

The palace will host activities for children throughout Hanoi and Vietnam.

With a new look, modern architecture, a large area, closeness to nature, and smart devices, the children’s palace will promote its role as a cultural and sports center and meet the demand for studying, playing, competing in sports, and physical training for kids.

It will be a favorable environment to nurture and develop future talents.

At the inauguration ceremony, Dong Phuoc An, director of the unit in charge of civil and industrial project management in Hanoi, said the Hanoi Children’s Palace project was approved to be executed within 60 months in 2020-24.

However, it was completed in 54 months.

An investment of VND1.376 trillion ($55.9 million) was approved for the project but it cost VND1.15 trillion, 10-percent saving.

The children’s palace includes an 800-seat theater, a 200-seat cinema, a sporting hall which can accommodate 500 people, a swimming pool, rooms for study, a library, an observatory, and office spaces.

The venue is outfitted with air conditioning, sound and lighting systems, fire safety equipment, and other facilities for studying, entertainment, and official events.

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