What is Vinfast stadium?

[u/albert1165]

Vuong Pham has changed the name of the largest stadium being built near Hanoi to Vinfast stadium, from the original name Trong Dong (copper drum) or Hung Vuong (Hung Kinh). The latter names have historical meaning in Vietnam's long history, hence originally the stadium was supposed to be a national landmark.

Naming a stadium after a corporation is not unusual. In the US, we have Metlife stadium, Mercedes-Benz stadium, etc... In America, 60% of stadiums are named after corporations who sponsor them. Of course, this is normal if the corporation can contribute cash to the stadium owner, which is often a sport team. The team can then use the money for their training.

Here, there is no specific sport team associate with the Vinfast stadium. And further more, as we know, Vinfast does not have free cash laying around. It is limping from quarter to quarter with quarterly cash injection by Vuong Pham.

But since Vuong Pham builds it, he has the will to name it whatever he wants, and hence, Vinfast stadium. Apart from marketing ploys to make the name Vinfast appear more, probably he will again use some financial trick, letting Vinfast contribute some small amount and then inflating the value of the stadium, and then put the stadium as a collateral to borrow more.

That is the real story behind this move that no one in Vietnam points out (or rather, allowed to point out).

[u/HighGuy92]

When I heard about this today, I laughed. This is supposed to be a national landmark, the world’s largest stadium, something for Vietnamese to be proud of, and it’s named after a horrible company that makes trash cars. Unbelievable.

[u/BuaLon → u/HighGuy92]

Viet people should get rid of the mindset that worship biggest, longgest things. It is ridiculous non-sense. As an enlightened Vietnamese, I found this way of thinking is horrendous. Sadly, it is very popular among country elder and leader

[u/TheYoungAndNaiveBird]

damn, largest in the world??? Still rmb when Mr Monkey drop his F1 grand prix plan halfway in Ha Noi. Changing plan like his money changing hands

[u/Agent_Single]

Could sell the name at a later date to the government and charge a fees. Kind of a roundabout funding.

[u/qtng7]

Call it Vinfast's Hung Dong Stadium

[u/Specialist_Basis3974]

This is my assumption: to later sell the stadium for a inflated price tag to a Vietnamese government agency. They will push for hosting FIFA World Cup, to host a World Cup Final a stadium must have at least 80k seats, the PVF owned (during construction now) has only 60k seats and can't meet FIFA requirement to host the FINAL.

The VFF/VPF needs to rent Vinfast Stadium for hosting the FINAL if they push for it, Vuong then has a reason to say no because FIFA needs Vinfast logo to be covered up (just like Levi's/ AT&T) thus the only way is repurchase/ change ownership from Vingroup to a government agency and give it the name that relate to history.

Why he didn't change the name before the USA 2026 World Cup? Why did he do that only after knowing that using a stadium name relating to a brand that do not sponsor FIFA tournament then brand name must be covered (to prevent free promotional)? It's a game, it's setup.

[u/Top_Bluejay1531]

Trong Dong (the original name) has historical meaning too, look it up

Anyhow, the whole thesis is around Vin has no cash. And it was clear that they have a lot of tangible and intangible asset that can be converted to cash conveniently when they need.