The Ho Chi Minh City Project Management Unit for Civil and Industrial Construction has announced the winning bidder for the Youth Cultural House project. The contract includes construction, equipment supply, installation, and demolition of existing structures.
The winning consortium, comprising Construction Corporation No. 1 (CC1), Construction Company No. 5, and 202 Group JSC, secured the bid with a value of VND 1,979.884 billion, approximately 3% lower than the estimated VND 2,041.024 billion. The project will be executed under a fixed-price contract with a 1,000-day construction period.
The Project Management Unit representative stated that the investor and contractor are currently negotiating the contract for the next steps. Upon completion, the contractor will demolish the old structures to prepare a clean site for the new construction. The project is expected to commence in December 2025.
According to VTC News, the Youth Cultural House is located on prime real estate in Ho Chi Minh City, with four frontages on major roads: Pham Ngoc Thach, Nguyen Thi Minh Khai, Hai Ba Trung, and Nguyen Van Chiem.
For many years, it has been a familiar gathering place for youth and students, hosting cultural, artistic, academic, and volunteer activities.
In addition to community activities, the facility offers services such as a café and parking to serve the public and generate additional revenue.
Thanks to its central location and open space, the Youth Cultural House has become a popular meeting spot for the city’s youth.
The new Youth Cultural House project has a total investment of over VND 2,240 billion from the city’s budget. It will be constructed on the existing site at 4 Pham Ngoc Thach, covering an area of 14,344 m².
The approved design includes a 25-story building with 4 basement levels and 21 above-ground floors, reaching a height of 84.15 meters. The modern infrastructure and new functional spaces are expected to make it a multi-activity center for culture, education, and creativity in the city. The project aims to meet the standards of a city-level public facility, hosting major youth events, street art activities, exhibitions, seminars, and open creative spaces.
The entire project is scheduled for implementation from 2025 to 2028, ensuring minimal disruption to activities in the city center. The new Youth Cultural House will not only continue its role as a familiar place for Ho Chi Minh City’s youth but is also expected to become a new cultural symbol of the special urban area.
Upon completion, the facility will expand its capacity to host large-scale cultural programs and provide additional experiential environments for youth through professional, sports, artistic, technological, and innovative activities.
The investment in this project holds significant importance in Ho Chi Minh City’s cultural development strategy, aligning with the vision of building large-scale, modern cultural institutions to support youth in the new era. The investor and related units are expediting the completion of procedures to ensure the project begins construction by the end of 2025, with the goal of putting it into operation by 2028.
Established in 1975, the Youth Cultural House, a unit under the Ho Chi Minh City Youth Union, is located on a prime site adjacent to major roads such as Pham Ngoc Thach, Nguyen Thi Minh Khai, Hai Ba Trung, and Nguyen Van Chiem.
Over nearly half a century, it has become a familiar meeting place for youth, attracting approximately 5 million visitors annually for activities and learning. However, the increasing volume of activities has outgrown the facility’s capacity, necessitating the new project.
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