Highly-anticipated projects expected to enhance look of Ho Chi Minh City’s culture, sports infrastructure
Friday, October 18, 2024, 19:46 GMT+7
Ho Chi Minh City has called for investments in 23 cultural and sporting projects valued at nearly VND25 trillion (US$992 million), with some major projects expected to beautify cultural and sports infrastructure in the southern metropolis.
At a recent conference to promote investments in these projects, the municipal administration introduced investors to five key projects in need of a combined investment capital of over VND2.3 trillion ($91.3 million) as well as 18 others.
These priority projects will drive up the allure of the city’s cultural and sports facilities, which will contribute to turning Ho Chi Minh City into one of the regional and international hubs of sporting, cultural, and arts events.
Once these projects are completed, they will boost the development of the sporting and culture industry in the city.
Investment in these projects will be carried out under a public-private partnership (PPP) model, as outlined in Resolution 98, which sets forth special mechanisms and policies for Ho Chi Minh City's development.
This mechanism provides the city with greater flexibility, helping to overcome obstacles and unlock its potential to mobilize capital for the renovation and construction of cultural and sporting infrastructure.
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| Ho Chi Minh City calls on investors to rebuild the run-down A-B center for art performances in District 5 at a cost of VND164 billion ($6.5 million). |
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| Ho Chi Minh City is urging investors to renovate the Ho Chi Minh City Cultural Center in District 1 to host large-scale arts and cultural events. The project, spanning 978 square meters, is expected to cost VND295 billion ($11.7 million). Photo: Thao Le / Tuoi Tre |
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| The Gia Dinh theater rebuilding project is expected to feature cinemas, film, and recording studios, a large auditorium, a catwalk training room, and display rooms. The project is designed to span 1,154 square meters of land in Binh Thanh District. The project will be developed under the PPP format at a cost of VND250 billion ($9.8 million). Photo: Phuong Nhi / Tuoi Tre |
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| The VND1.64-trillion ($65 million) multipurpose cultural and sports center in the outlying district of Can Gio is also expected to glamorize the city’s sporting and cultural infrastructure. The structure is set to cover 11.9 hectares and have a height of up to 30 meters and three or four floors. Photo: Tuoi Tre Contributor |
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| The 95,760-square-meter outdoor sports complex project in District 11 is introduced to investors. The project will carry a price tag of VND466 billion ($18.5 million). |
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| Ho Chi Minh City aims to upgrade the Ben Thanh Theater in District 1. |
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| An artist’s impression of an arts and cultural center in the Thu Thiem new urban area in Ho Chi Minh City. The center is set to feature 3,000 seats |
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| Apart from calling for investments in new projects, Ho Chi Minh City is stepping up efforts to complete all relevant procedures to implement some projects such as the symphony, opera, and ballet theater project in the Thu Thiem new urban area in Thu Duc City. The 1,700-seat theater project is slated for construction on April 30, 2025. Photo: Phuong Nhi / Tuoi Tre |
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| The Phu Tho circus and multi-purpose performing center complex project in District 11 is under construction. The facility will consist of training and practice rooms, a 2,000-seat theater, and an area for circus animal raising and training, among others. The project is slated for completion in early 2025. Photo: Phuong Nhi / Tuoi Tre |
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