Construction of the VND12.77 trillion (US$484 million) Pearl Theater and a culture and art complex surrounding it is set to begin next month.
The project, spanning 191,240 hectares, will be located next to West Lake. It is expected to serve as a prominent landmark in the city with completion targeted for 2029.
In late May, Hanoi authorities granted approvals for Sun City, an associated company of tourism giant Sun Group, to develop the project. The company has a charter capital of VND3.27 trillion.
Pearl Theater is one of eight key projects selected by the Hanoi People’s Committee to commemorate the 71st anniversary of the capital’s liberation in October.
Source: VN Express