Business

Horse racing course added into Hanoi’s planning

Prime Minister Nguyen Xuan Phuc has approved the addition of the multi-purpose entertainment complex – horse racing course project into Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
Horse racing course added into Hanoi’s planning ảnh 1The multi-purpose entertainment complex – horse racing course project is added to Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
(Photo: vnexpress.net)

Hanoi (VNA) – PrimeMinister Nguyen Xuan Phuc has approved the addition of the multi-purposeentertainment complex – horse racing course project into Hanoi’s master plan onsocio-economic development by 2020, with orientation to 2030.

Under Decision 1823/QD-TTg, Hanoi will increase the mobilisation of socialinvestment sources for building sports facilities in combination withhigh-quality tourism and service activities.

The city will study the application of high technology in developing thesports, culture and entertainment sectors.

The 420 million USD project will be built on an area of more than 100 hectaresin Tan Minh commune, Soc Son district. It will also include a park, tourism andentertainment centres and many other facilities.

The project was first put on thetable in 1999. It was initially planned to be built in Dai Kim ward of HoangMai district and Thanh Liet commune of Thanh Tri district. However, as thelegal framework for sports betting and horse racing hadn’t been completed atthe time, the foreign partner withdrew from this project in 2005.
 
In 2007, the Hanoitourist Corporation and the Republic of Korea’s GlobalConsultant Network proposed the project again.

In August 2016, they inked a jointventure contract to invest in the project, which is set to meet five-starstandards.

The project is expected to createjobs for about 1,000 direct labourers and tens of thousands of indirect onesand contribute up to 1.5 trillion VND (64 million USD) to the local budget eachyear.-VNA
VNA
#Prime Minister Nguyen Xuan Phuc #multi-purpose entertainment complex #horse racing course project #social investment sources #sports facilities #Vietnam News Agency #Vietnamplus Ha Noi
Follow VietnamPlus

Related News

Horse race on the Bac Ha Plateau

Horse race on the Bac Ha Plateau

Seventy-five jockeys from ethnic groups gathered at the annual horse race festival in Bac Plateau in the northern mountainous province of Lao Cai during last weekends.
Horse racing course to be built in Hanoi

Horse racing course to be built in Hanoi

Hanoi will spend more than 420 million USD to build a horse racing course in Soc Son district, Chairman of the municipal People’s Committee Nguyen Duc Chung said on December 11.

See more

Thanks to digital transformation among local officials, Tam Dao commune of Phu Tho province has achieved an almost 100% on-time rate for processing administrative applications, helping improve public services for residents. (Photo: VNA)

Institutional reform fuels private sector's growth in Phu Tho province

The private sector is increasingly emerging as a key growth engine of the economy. To unleash its potential and ensure sustainable development, the northern province of Phu Tho is stepping up institutional and administrative reforms to cut costs, shorten procedures, and build a more transparent, business-friendly investment climate.

Hoa Phat Wharf inside the Dung Quat Economic Zone (Photo: VNA)

Dung Quat EZ, Quang Ngai IPs draw nearly 19.4 bln USD

The Dung Quat Economic Zone and Quang Ngai industrial parks have so far attracted 441 projects worth around 19.4 billion USD, according to the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority (DEZA).

The Kim Long Motor Hue factory (Photo: VNA)

Hue courts capital to turn industrial zones into growth engine

The economic and industrial zones in Hue city host more than 200 active investment projects worth over 152 trillion VND (5.84 billion USD), with 139 already operational. Since the start of 2026, they have generated about 32 trillion VND, contributed 4.2 trillion VND to the state budget and brought in 730 million USD in exports, while employing more than 46,000 workers.

Processing cashew nuts for export at Nguyen Thong Co., Ltd. in Dak Lak province. (Photo: VNA)

Vietnam’s exports to New Zealand post strong growth

According to the Customs Department, two-way trade reached 844 million USD in the first half of 2026, of which Vietnam’s exports to New Zealand totaled 399.7 million USD, up 18.8% year-on-year, while imports stood at 444 million USD.

Starting from September 2026, agricultural products from the Mekong Delta are expected to be transported directly from Cai Cui Port to Guangxi, China. (Photo: VNA)

Investing in logistics to boost agricultural production and exports

Logistics is increasingly becoming a major bottleneck for exports as transport costs rise and requirements for data management, low emissions and supply chain transparency become more stringent, requiring coordinated investment in logistics infrastructure, data infrastructure and transport capacity.

Harvesting rice in the Mekong Delta (Photo: VNA)

Vietnam seen as gateway for Canadian farm produce to ASEAN

As Canada steps up trade diversification and seeks to reduce its dependence on the North American market, Vietnam could serve both as a market for Canadian goods and a base for Canadian businesses to build production capacity and expand operations in the region.

Illustrative image (Photo: VNA)

Turkish cooperatives open sourcing channel for Vietnamese businesses

The Vietnam Trade Office recommended that Vietnamese businesses in agriculture and food actively study cooperative networks in different localities in Türkiye and consider them an additional channel for accessing raw materials, processing partners, and distribution networks.

Delegates at the signing ceremony (Photo: VNA)

VPI, Beicip-Franlab Asia deepen oil, gas cooperation

Under the MoU, VPI and Beicip-Franlab Asia will undertake advanced studies in geology, geophysics, and reservoir engineering to support exploration, field development, and oil and gas resource assessment.

A visitor explores Vietnamese coffee at the expo. (Photo: VNA)

Vietnam pushes coffee, farm produce at Hong Kong food expo

After nearly 200 years, especially since the Doi Moi (renewal) began in 1986, Vietnamese coffee is now exported to more than 100 countries and territories and supports about 2.6 million jobs. Vietnam remains the world’s second largest coffee exporter, holding roughly 19-21% of the global market, and is the top producer of Robusta coffee.