The stadium holds 22,500 spectators; however, due to the dilapidating condition, the upper level of stand B is currently unusable, reducing this number to approximately 15,000.

Before the construction of Mỹ Đình National Stadium, it was where Vietnam hosted football matches of both the men and women's as well as the Olympic teams.

Hàng Đẫy was established in 1934 as a football field for Hanoi's École d’éducation physique (EDEP - School of Physical Education).

[4] During the visit of the Communist Party of Vietnam's general secretary Nguyễn Phú Trọng to France and met with the President Emmanuel Macron, the two have signed plenty of cooperation deals, including the rebuild and renovation of Hàng Đẫy Stadium.

The new stadium will cost 250 million euros and they will be designed and built by French company Bouygues.