Vietnam can host top global events with premier, gigantic sports complexes
Vietnamese sports are entering a new phase of development, closely linking competitive achievements with long-term strategic investment in infrastructure.
Alongside the growing maturity of national teams, the development of large-scale sports complexes lays the essential groundwork for Vietnam to move closer to hosting world-class events such as the World Cup or the Olympics.
Global-standard sports infrastructure vision
A notable shift in Vietnam’s sports strategy in recent years has been the creation of multifunctional complexes where sports, culture, and community life are seamlessly integrated. These complexes are not only venues for competition but also hubs for training, performances, sports medicine, and large-scale social and cultural activities.
The groundbreaking of the Rach Chiec National Sports Complex on January 15 in Ho Chi Minh City, after over 30 years in planning, is a clear demonstration of this vision.
Designed as a modern sports and cultural hub, Rach Chiec serves as a cornerstone for elite sports development in the South, while creating a new urban growth pole for HCMC.
Developed by Sun Group under a PPP model, the project exemplifies the practical implementation of Resolution 68, where private enterprises are empowered to collaborate with the state in building infrastructure, services, and new public spaces.
An overview of the newly inaugurated Rach Chiec National Sports Complex in Ho Chi Minh City, southern Vietnam.
The centerpiece of the project is a 70,000-seat stadium with a modern retractable roof and integrated climate control system, capable of hosting competitions and performances in any weather. This feature is key to attracting major tournaments, international-scale events, and world-class artists-standards essential for nations aiming to host the World Cup or the Olympics.
Across Vietnam, this approach is being deployed systematically. From Hanoi’s Olympic-scale sports city and the 135,000-seat Trong Dong Stadium, to the PVF multi-purpose stadium in Hung Yen with 60,000 seats, and Rach Chiec in HCMC with an investment of VND145,000 billion ($5.52 billion) - Vietnam is progressively building the “infrastructure backbone” to enter the global sports stage.
Sports and cultural spaces for the public, driving urban growth
Modern sports complexes serve not only elite competitions but also play a broader social role. Designed with parks, pedestrian boulevards, plazas, and open cultural spaces, these complexes become daily activity hubs for thousands of citizens, promoting healthy lifestyles and improving the physical wellbeing of the population.
By building large-scale sports infrastructure, Vietnam is turning its vision of elevating public health and living standards into reality.
Architect Khuong Van Muoi, former vice president of the Vietnam Architects Association, commented: “Worldwide, there are many large, modern stadiums in Dubai, Abu Dhabi, and Oman. I am delighted that the city now possesses a facility of comparable scale like Rach Chiec. It will become a destination for visitors while serving the citizens of Ho Chi Minh City and southern Vietnam.”
In HCMC, the Rach Chiec National Sports Complex is expected not only to be a premier sports hub but also a new cultural growth pole, hosting performances, festivals, and large-scale sports-entertainment events. This approach aligns with Resolution 80-NQ/TW, positioning culture as the “spiritual foundation of society” and an endogenous driver of sustainable development.
Experience worldwide shows that major cities increasingly view sports-cultural complexes as engines of growth. Hosting frequent international tournaments and large-scale performances not only generates direct revenue from tourism and services but also enhances the city’s global image as dynamic, creative, and attractive.
Will Rach Chiec turn the World Cup dream into a reality?
Against this backdrop, the recent successes of Vietnamese sports, including U23 Vietnam’s victories over strong regional opponents like U23 UAE and achievements at SEA Games 33, reflect that human capital development is progressing alongside infrastructure investment.
With athletes trained in Olympic-standard facilities and citizens accessing modern sports-cultural spaces, Vietnam is building a solid foundation to raise both performance quality and international standing.
In the long term, investing in world-class sports complexes aims not only at hosting events but also reflects the vision of the Party and State, treating sports and culture as drivers of national development. The participation of major private enterprises in realizing multi-billion-dollar projects is a critical factor ensuring this strategy comes to life.
While the World Cup or Olympics may not arrive immediately, Vietnam’s developing network of sports-cultural complexes across the country is laying a firm groundwork for demonstrating organizational capacity, national prestige, and confidence in a new era of domestic sports development.
- Read More
VinEnergo ramps up renewable energy push with 4 new subsidiaries
VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.
Companies - Mon, June 15, 2026 | 4:52 pm GMT+7
Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam
Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.
Industries - Mon, June 15, 2026 | 4:01 pm GMT+7
UOB Vietnam appoints Pham Hong Hai as deputy country CEO
Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.
Banking - Mon, June 15, 2026 | 2:26 pm GMT+7
Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation
Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.
Banking - Mon, June 15, 2026 | 12:03 pm GMT+7
FDI listings a missing piece in Vietnam's stock market development
As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.
Finance - Mon, June 15, 2026 | 11:14 am GMT+7
Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam
Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.
Industries - Mon, June 15, 2026 | 8:00 am GMT+7
Long Thanh airport project faces shortage of 2,000 workers
The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.
Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7
Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations
Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.
Economy - Sun, June 14, 2026 | 2:45 pm GMT+7
50 years of Gamuda Berhad and its urban development journey in Vietnam
Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.
Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7
Industrials, technology top Vietnamese sectors in M&A transaction volume
Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.
Consulting - Sun, June 14, 2026 | 9:00 am GMT+7
Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook
Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.
Companies - Sun, June 14, 2026 | 8:00 am GMT+7
Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026
Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.
Companies - Sat, June 13, 2026 | 7:45 pm GMT+7
T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam
Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.
Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7
VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations
VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC) targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities.
Companies - Sat, June 13, 2026 | 3:07 pm GMT+7
Vietnam economy resilience amid cost pressures, external strains: UOB
The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.
Consulting - Sat, June 13, 2026 | 11:49 am GMT+7
Vietnam Politburo issues resolution on FDI sector development
The Politburo, Vietnam's highest decision-making body, has issued a resolution that establishes a new mindset in developing the FDI sector.
Economy - Sat, June 13, 2026 | 8:17 am GMT+7




















