Following the wave of highways, ring roads, and airports, large-scale stadiums are emerging as a new class of infrastructure. Unlike earlier phases, when stadiums were primarily welfare-oriented, current projects are embedded in economic, urban, and national branding strategies.
Prominent among these are three stadiums: PVF Stadium (Hung Yen) with a 60,000-seat capacity, funded by the Ministry of Public Security and constructed by Vingroup; the Trống Đồng Stadium within the Olympic Sports City (Hanoi), developed by Vingroup, with a 135,000-seat capacity; and the central stadium of the Rạch Chiếc National Sports Complex (Ho Chi Minh City), with a 50,000-seat capacity, proposed for investment by Sun Group.
While all three stadiums are large in scale, they serve distinct purposes. PVF Stadium is designed to drive urban development in eastern Hanoi; Trống Đồng Stadium serves as an iconic symbol and brand image enhancer; and Rạch Chiếc Stadium aims to meet urban demands and ensure regular utilization.
Notably, all three stadiums are equipped with state-of-the-art features, including automated roof systems covering over 50% of the seats and hybrid modular turf. PVF Stadium boasts a high-tech retractable dome; Trống Đồng Stadium features the world’s largest roof; and Rạch Chiếc Stadium integrates a national sports ecosystem. These stadiums are eligible to host events like the SEA Games/ASIAD, and Trống Đồng Stadium even meets World Cup standards.
Furthermore, these new-generation stadiums operate as “economic hubs,” attracting tourism, hospitality, retail, and event hosting. International examples demonstrate that stadiums can significantly impact surrounding areas, particularly real estate.
The key lies in operational strategies that generate sustainable revenue streams. Direct income comes from ticket sales for sports events, concerts, entertainment, sponsorships, and integrated retail, hospitality, and F&B ecosystems, ensuring consistent operations. Image: A packed SoFi Stadium (USA) during WWE WrestleMania 39 (2023) – Wikipedia
Additionally, urban revenue streams emerge as stadiums act as “value anchors,” catalyzing TOD development, satellite cities, and increasing land values in surrounding areas. In the U.S., according to data compiled by the Los Angeles Times, the median home sale price in Inglewood, home to SoFi Stadium, rose from approximately $402,000 in 2016 to around $739,000 in 2021, an 84% increase over five years. In London, the area around Wembley Stadium has also thrived due to urban restructuring centered on the national stadium. (Image: Wembley Stadium, London – Wikipedia)
Notably, Trống Đồng Stadium (135,000 seats, over 73 hectares), more than three times the size of Mỹ Đình Stadium, will not only host competitions but also serve as the core of a nearly 10,000-hectare sports and services metropolis. Upon completion, it will be the world’s largest stadium.
Upon completion, Trống Đồng Stadium will operate under a “stadium-city” model, similar to Wembley (UK), where the stadium becomes a year-round hub for residents, services, and activities.
Similarly, the central stadium of the Rạch Chiếc National Sports Complex (50,000 seats) is part of a 187-hectare complex, highly regarded for its practicality. Located at the eastern gateway of Ho Chi Minh City, it is part of an emerging growth hub with major urban developments like The Global City, Vinhomes Grand Park, and Saigon Sports City…
With an estimated investment of 7,000 billion VND for the main stadium, it is expected to have the highest regular utilization rate, hosting not only sports events but also large-scale concerts and entertainment for thousands of residents. The image shows the proposed stadium site.
PVF Stadium (60,000 seats, 55,000 m²), funded by the Ministry of Public Security, is envisioned as foundational infrastructure capable of catalyzing development in Hanoi’s outskirts once transportation and satellite cities are completed, similar to many suburban stadiums worldwide.
The project is located within a 92-hectare sports and services complex, part of the PVF Youth Football Training Center. In the future, this area will become a new connection point with major urban developments like Vinhomes Ocean Park 2, Vinhomes Ocean Park 3, and Ecopark.
In conclusion, these next-generation stadiums are not just sports venues but catalysts for economic growth, urban development, and national branding. Their strategic design and operation ensure they become sustainable assets, driving progress in their respective regions.
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Proposed Addition of Five Metro Lines to Ho Chi Minh City’s Special Mechanism
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