"But with the nation's economy in crisis, a decaying sports infrastructure and an uninspiring athletics record, public sentiment hasn't swung behind the official campaign.
Officials said hosting the 18th Asian Games could cost around $150 million and would require the construction of new sporting stadiums and an athletes' village.
But experts have said the real cost of the games, which were scheduled to run for 16 days, could have been far higher.
Vietnam's Olympic Committee initially proposed a budget of around $300 million which the government slashed due to the country's dire economic situation.
It has been hit by falling growth as the effects of corruption and inefficiencies in the state-run sector ripple out into the wider economy.
A lingering banking crisis also threatens some of the country's key financial institutions."
I was thinking the vietcongs are emerging as the next economic super power!
This abrupt face losing cancellation speaks volumes
$150 - 300 million is a small budget comparing to 2010 Guanzhou AG @ $17 billion
You can count in one hands how many su-35 or the kilo class submarines can the vietcongs buy with the small saving