Authorities in Ho Chi Minh City are considering a VND122-billion (US$5.35 million) proposal to fully repair Binh Tay, the 88-year-old market in Vietnam's biggest Chinatown which has been deteriorating.
More than 1,000 shops at the market would be temporarily relocated, and their owners are already contributing to the repair fund, Tuoi Tre newspaper said citing the plan submitted by District 6.
The facelift has been promised without compromising the architecture of Binh Tay, it said.
Built in 1928 by a rice trader who hailed from China, the 25,000-square-meter market is appreciated for its Chinese architectural style that is vividly reflected in its bagua- shaped design.
The bagua is a Chinese religious motif that incorporates eight trigrams such as the sky, fire and wind and the trigrams are arranged octagonally around the circle denoting the yin and yang.