A meeting on investment plans for an Olympic-standard sports city and a major riverfront boulevard, part of Hanoi’s combined VND1.78 quadrillion (US$67.7 billion) infrastructure program, December 13, 2025. Photo: Viet Thanh
The Hanoi Party Committee unanimously endorsed the investment principles for the two projects, with a combined preliminary cost of about VND1.8 quadrillion, according to an official resolution released after a Saturday meeting.
The proposed sports city, to be built in southern Hanoi, would cover more than 9,100 hectares across 11 communes and include competition venues, athlete facilities, and supporting transport and social infrastructure designed to international standards.
Authorities said the complex would be designed to allow Hanoi to host major sporting events at regional and international level, including the Asian Games and the Olympic Games.
Hanoi Party Secretary Nguyen Duy Ngoc speaks at a meeting on investment plans for an Olympic-standard sports city and a major riverfront boulevard, part of Hanoi’s combined VND1.78 quadrillion (US$67.7 billion) infrastructure program, December 13, 2025. Photo: Viet Thanh
The sports city alone is estimated to cost about VND926 trillion ($35.2 billion) and would be designed to accommodate a population of roughly 751,000.
The second project, a scenic boulevard along the Red River, would stretch from Hong Ha Bridge to Me So Bridge, covering about 11,000 hectares across 19 wards and communes.
It carries a preliminary investment estimate of about VND855 trillion ($32.5 billion) and is expected to be completed by 2030.
City officials said construction on both projects could begin on Friday next week, subject to approval by Hanoi's People's Council and completion of legal and regulatory procedures.
Vietnam has never hosted the Olympic Games and withdrew from hosting the 2018 Asian Games due to cost concerns.
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