The People’s Committee now has to submit the bid to the Government, which will send it on the city’s behalf.

HCM City, Vietnam’s largest economic hub, will enter a bid to win the right to host the 31st SEA Games in 2021 

The city plans to earmark around VND 15.6 trillion (nearly USD 700 million) for the games, including VND 8.13 trillion (USD 360 million) for land and infrastructure at the 180-hectare Rach Chiec Sports Complex in District 2.

Another VND 6.57 trillion (USD 29 million) will be spent to repair and upgrade existing sports complexes in the city and the neighboring provinces of Binh Duong and Dong Nai, which will host some of the events.

The remaining amount will be used to run the event.

The city plans to raise VND 5.1 trillion (USD 227 million) from sponsors.

Around VND 3.13 trillion (USD 140 million) will be spent to build a major stadium at the Rach Chiec Sports Complex while the Phan Dinh Phung Sports Centre in District 3 will cost nearly VND 2 trillion (USD 90 million).

The city expects revenues of VND 269 billion (USD 12 million) from the games.

It does not plan to build dormitories for the athletes but will put them up in hotels.

The city has nearly 47,000 three- to five-star hotel rooms, Binh Duong province has 1,235.

The SEA Games is a biennial sporting competition involving the 11 countries in the Southeast Asian region.

The 31st edition, to be held in August 2021, would have 30-36 sports and attract 9,800 athletes, referees, officials and organizers.

Vietnam first hosted the event in Hanoi in 2003.

Source: VNA