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Hanoi Calls for Investment in a $500 Million Theater and Park Project at West Lake

Hanoi Calls for Investment in a $500 Million Theater and Park Project at West Lake

The city of Hanoi is seeking investors for the Ngoc Trai Theater and Cultural-Art Park project, with a total investment of approximately $500 million. The project is planned to be located in the Quang An area, Tay Ho District.


Project Location and Scope

The project is situated on land plots CXĐT.08, CXĐT.09, and P2, as per the detailed urban planning of the Quang An Peninsula Central Axis. The area is:

  • East and Southeast: Adjacent to Dang Thai Mai Street
  • West: Bordering West Lake
  • Northwest: Adjacent to an existing residential area
  • North: Connected to the planned road linking Dang Thai Mai and Quang Ba

With a total area of over 191,240 m², the project allocates approximately 182,000 m² for the theater and park, while the remaining space will be used for parking and traffic infrastructure. The total estimated investment is 12.756 trillion VND (around $500 million).

Project Timeline

According to the bidding documents, the first three quarters of 2025 will focus on preparatory work. The construction phase is planned to begin in Q4 2025 and continue until Q1 2029. The project is expected to be fully completed between Q2 and Q3 of 2029, with Ngoc Trai Theater being prioritized for early construction.

This theater will be a landmark architectural highlight along the Quang An Peninsula Central Axis, in line with the detailed urban planning approved by Hanoi's People's Committee at the end of 2024.

An Iconic Architectural Design by West Lake

According to the design concept announced in 2022, Ngoc Trai Theater will cover about 13,000 m² and be built on Dam Tri Lake, using privately funded investment.

The structure is designed by renowned Italian architect Renzo Piano, the visionary behind architectural masterpieces such as the Georges Pompidou Center in Paris and The Shard in London.

Renzo Piano’s design for the theater draws inspiration from the waves of West Lake, creating a soft, poetic, and modern domed structure. The dome will feature a pearl-like effect, reflecting the changing colors of nature—from sunrise to sunset—on the lake’s surface, making it a unique and captivating architectural landmark.

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Location: Hanoi, Vietnam

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