A sneak peek at Ho Chi Minh City's $57mn circus, multi-purpose performing center complex

Feb 19th at 08:23
19-02-2024 08:23:08+07:00

A sneak peek at Ho Chi Minh City's $57mn circus, multi-purpose performing center complex

The Phu Tho circus and multi-purpose performing center complex project, which carries a price tag of nearly VND1.4 trillion (US$57.1 million), in District 11, Ho Chi Minh City has taken shape after nearly a year since its commencement.

A sneak peek at Ho Chi Minh City's $57mn circus, multi-purpose performing center complex

The under-construction Phu Tho circus and multi-purpose performing center complex project will be the venue for circus and artistic shows, training activities, and cultural and sports events. Photo: Phuong Nhi / Tuoi Tre

During a project inspection on Saturday, the municipal chairman, Phan Van Mai, set the deadline for the inauguration of the project on April 30, 2025.

He also assigned relevant units to offer free tickets to certain spectators, including children and underprivileged people, from the inauguration time to the end of 2025.

The city will fund performances during the period.

Authorities in Ho Chi Minh City kick-started the construction of the Phu Tho circus and multi-purpose performing center complex project in late April last year.

The project has a gross floor area of over 31,600 square meters. Photo: Cam Nuong / Tuoi Tre

The project has a gross floor area of over 31,600 square meters. Photo: Cam Nuong / Tuoi Tre

The project was envisaged to have two basements, a 12-story circus and multi-purpose performing zone, and a two-story administrative, service, and restaurant block.

Upon completion, the 12-story circus and multi-purpose performing zone will consist of training and practice rooms, a 2,000-seat theater, and an area for circus animal raising and training, among others.

It is among the city’s 50 key projects to celebrate the 50th anniversary of Vietnam’s reunification on April 30, 1975.

In 2023, the city allocated VND290 billion ($11.8 million) to the project, with nearly VND180 billion ($7.3 million) being disbursed.

This year, an additional budget of over VND558 billion ($22.8 million) will be funneled into the project.

Tuoi Tre News



NEWS SAME CATEGORY

Banks pours $41 billion in property market in 2023

A total of VNĐ2.75 quadrillion (US$41 billion) went into the property market in 2023, according to the State Bank of Vietnam (SBV), an increase of 6.75 per cent in...

Long An seeks private funding for mega-urban area development

Long An Province is seeking at least VNĐ11.1 trillion (US$457 million) of private funding for a large urban area project through a public-private partnership (PPP).

New regulations to ease Overseas Vietnamese real estate investments

Experts predict that the recently approved Land Law, Housing Law, and Law on Real Estate Business, which will take effect in 2025, will improve conditions for...

Trending towards green industrial parks for capital attraction

Traditional industrial zones are gradually losing their competitive edge and being replaced by industrial zones that prioritise green and sustainable elements...

Robust growth forecast for Vietnam's retail property market in 2024

Local consumers are not just looking for places to shop, but also a complete experience, including entertainment and eating out.

New impetus for Vietnam’s real estate market

The real estate market is expected to gradually stabilize and shift towards positive changes, as 2024 could be the last year in the process of overcoming obstacles.

More social housing among urgent acts in construction

The construction sector is aiming for moderate growth in 2024 amid numerous challenges, as tackling sector bottlenecks again remains top of the Ministry of...

Reforms essential for industrial M&As

The industrial property market in 2024 in terms of mergers and acquisitions faces optimism this year, with new rules likely to boost progress.

Players display positivity for real estate

A range of amendments to laws on housing, real estate, and land is expected to make the market more stable.

Government issues new regulations on land valuation

The domestic real estate market will have four land valuation methods instead of the current five methods, according to a new decree issued by the Government on...

Real estate stocks

Construction stocks


MOST READ


Back To Top