Vietnam to Sharpen Focus on Key Sports for Olympics,ASIAD Success
HANOI (AP) — Vietnam is poised to refine its sports investment strategy,prioritizing disciplines with teh greatest potential for success at the Olympic Games and the Asian Games (ASIAD) between 2026 and 2046. Officials are re-evaluating a list of 17 sports awaiting approval for focused development.
Investment Prioritization for Olympic, ASIAD Sports
The 17 sports under review include swimming, weightlifting, fencing, badminton, archery, shooting, boxing, athletics, taekwondo, wrestling, rowing, cycling, karate, judo, gymnastics, Sepak Takraw, and Wushu. Some are targeted for Olympic success, while others are geared towards winning medals at the ASIAD.
Funding Realities Require Strategic Choices
The sports industry projects an investment of approximately 175 to 180 billion VND (Vietnamese Dong) – roughly equivalent to $7-8 million USD – in key sports from 2026 to 2030, with a projected 10% increase in subsequent periods. However, given the limited resources and the need to attract investment beyond state funding, Vietnamese sport authorities face a crucial decision of effectively allocating funds.
A Need for Strategic Investment, Avoiding Overextension
Experts are urging a more targeted approach to avoid spreading resources too thinly across all sports.A recent conference held by the Vietnamese sports administration focused on developing a program for key sports in planning for the olympics and ASIAD, signaling a long-term vision beyond the upcoming Southeast Asian Games (SEA Games).
Balancing International Success with National Suitability
Future investment considerations will extend beyond present athletic achievements. Emphasis will be placed on sports deemed suitable for Vietnamese athletes and those demonstrating promising future development. Conversely, sports that yield positive results but lack widespread international popularity may see reduced investment.
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vietnam to Sharpen Focus on key Sports for Olympics, ASIAD Success
HANOI (AP) — Vietnam is poised to refine its sports investment strategy, prioritizing disciplines with the greatest potential for success at the Olympic Games adn the Asian Games (ASIAD) between 2026 and 2046. Officials are re-evaluating a list of 17 sports awaiting approval for focused growth.
Investment Prioritization for Olympic, ASIAD Sports
The 17 sports under review include swimming, weightlifting, fencing, badminton, archery, shooting, boxing, athletics, taekwondo, wrestling, rowing, cycling, karate, judo, gymnastics, Sepak Takraw, and Wushu. Some are targeted for Olympic success, while others are geared towards winning medals at the ASIAD.
Funding Realities Require Strategic choices
The sports industry projects an investment of approximately 175 to 180 billion VND (Vietnamese Dong) – roughly equivalent to $7-8 million USD – in key sports from 2026 to 2030, with a projected 10% increase in subsequent periods. However,given the limited resources and the need to attract investment beyond state funding,Vietnamese sport authorities face a crucial decision of effectively allocating funds.
A Need for Strategic Investment, Avoiding Overextension
experts are urging a more targeted approach to avoid spreading resources too thinly across all sports. A recent conference held by the Vietnamese sports administration focused on developing a program for key sports in planning for the olympics and ASIAD, signaling a long-term vision beyond the upcoming Southeast Asian Games (SEA Games).
Balancing International Success with National Suitability
Future investment considerations will extend beyond present athletic achievements. Emphasis will be placed on sports deemed suitable for Vietnamese athletes and those demonstrating promising future development. Conversely, sports that yield positive results but lack widespread international popularity may see reduced investment.
Q&A: Vietnam’s Sports Strategy
What’s the main goal of Vietnam’s new sports strategy?
The goal is to strategically invest in sports with the highest potential for winning medals at the Olympics and ASIAD, specifically from 2026 to 2046. this means focusing resources where they can make the biggest impact.
Which sports are being considered for this focused investment?
Seventeen sports are under review, including swimming, weightlifting, badminton, and athletics, among others. The final selection will depend on their potential for success and suitability for Vietnamese athletes.
How much money is Vietnam planning to invest?
The plan is to invest roughly $7-8 million USD (175-180 billion VND) in key sports between 2026 and 2030, with a planned 10% increase in subsequent years. This highlights the need for smart financial allocation.
Why is strategic investment so vital?
With limited funding, Vietnam needs to avoid spreading resources too thin. A targeted approach ensures that the most promising sports get the support they need to compete at the highest levels. It’s about maximizing the return on investment.
What factors determine which sports will receive the most investment?
Beyond current performance, Vietnam will consider a sport’s suitability for Vietnamese athletes and its potential for long-term development. Sports with strong international appeal and medal prospects will be prioritized.
Which sports has Vietnam had success in historically?
Vietnam has seen success in sports like weightlifting, taekwondo, and badminton, notably at the Southeast Asian Games. This strategic shift seeks to build on that success and expand into Olympic-level competition, perhaps finding new success in sports like Taekwondo and Weight-Lifting.
What’s the next step for Vietnam’s sports strategy?
Vietnamese sports authorities are focusing on developing a comprehensive program for these key sports. This involves attracting additional investment and creating a long-term vision for success,going beyond the SEA Games.
By prioritizing strategic investment, Vietnam aims to elevate its presence on the international sports stage. Stay tuned to see which sports rise to the top!
