On January 15th, Ho Chi Minh City is set to commence construction on four major infrastructure and transportation projects in celebration of the 14th National Congress of the Communist Party of Vietnam. These projects include the Rach Chiec National Sports Complex, Metro Line 2 (Ben Thanh – Tham Luong), Can Gio Bridge, and Phu My 2 Bridge.
Among these, the Rach Chiec National Sports Complex (located in An Khanh Ward) stands out with the largest investment, exceeding 145 trillion VND.
According to the plan, the project requires over 186 hectares of land, optimized for efficient land use, ensuring alignment with approved planning schemes and avoiding overlap with other local projects.
The complex is divided into multiple functional zones, centered around a cultural and sports hub. Key features include a stadium with a capacity of 65,000–75,000 seats, an arena seating approximately 18,000, and facilities such as an aquatic center, tennis courts, and multi-purpose sports halls. The stadium and arena are the largest structures within the project.
Notably, with a maximum capacity of 75,000 seats, the Rach Chiec Stadium surpasses many existing stadiums in Vietnam, including My Dinh Stadium (40,000 seats), Lach Tray Stadium (30,000 seats), and Viet Tri Stadium (20,000 seats).
In comparison, it is second only to the proposed Trom Dong Stadium in the Olympic Sports City, which is expected to seat 135,000.
Beyond the central sports area, the project includes urban public services such as athlete and coach accommodations, a central plaza, a sports hospital, and a conference center. Additionally, it allocates space for green areas, water features, public spaces, internal infrastructure, and specialized zones like the Bung Sau Xa Historical Site.
The total project duration is estimated at 8 years from the contract signing. The initial investment phase, lasting 1 year, focuses on feasibility studies, project approval, and contract finalization. The construction phase, spanning 7 years, begins after land clearance and handover.
The Ho Chi Minh City People’s Committee noted that timelines may be adjusted based on land handover progress. If earlier stages are expedited, subsequent phases could start sooner to accelerate the project.
With a preliminary investment of over 145 trillion VND, the project covers construction costs, interest, and investor profits. The Ho Chi Minh City People’s Committee oversees implementation, while Sun Group’s Vung Tau Sun Company proposed the project.
Construction site of the Rach Chiec Sports Complex (Photo: Vo Le/Nhan Dan Newspaper).
The project operates under a Public-Private Partnership (PPP) model with a Build-Transfer (BT) contract. The investor funds 100% of the construction and hands over the complex to the government for management. Ho Chi Minh City compensates the investor with land rather than budget funds.
Sun Group proposes using four land plots totaling over 360 hectares for payment. These include: a 23-hectare commercial plot within the Rach Chiec Complex (valued at 21.5 trillion VND), 195 hectares in Phuoc Kien Urban Area (46.55 trillion VND), 120 hectares in Truong Tho Urban Area (28.139 trillion VND), and 30.2 hectares in An Khanh Ward (39.864 trillion VND). The total land value is approximately 145.482 trillion VND, covering 99.89% of the projected investment.
The 23-hectare commercial plot along Mai Chi Tho Road is priced at 91.7 million VND/m² and is slated for premium commercial development.
The 195-hectare Phuoc Kien plot, near Tan Son Nhat Airport, includes 70 hectares of residential land valued at 66.5 million VND/m², totaling 46.55 trillion VND. This area is prioritized for modern urban development.
The Truong Tho plot, equivalent to 43.4 hectares of residential land, is valued at 64.8 million VND/m² along Nguyen Van Ba Road, totaling 28.139 trillion VND. Its infrastructure advantages make it ideal for real estate projects.
The 30.2-hectare An Khanh plot, valued at 132 million VND/m² along Mai Chi Tho Road, totals 39.864 trillion VND. However, legal issues flagged by the Government Inspectorate must be resolved before land handover.
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