The iconic Hang Day Stadium right in the middle of Hanoi is set to go for a EUR250 million (USD310 million) upgrade.
The T&T Group and French group Boyugues signed a Memorandum of Understanding (MoU) this week.
The Hang Day Stadium was built way back in 1934 and has a capacity of 22,500.
After being upgraded, the stadium will have four basement levels, two floors, stands and service facilities such as cinemas, shopping and event facilities.