"Our staff of cultural researchers, in co-operation with architects and interior designers, have worked several months on this project," the centre's director Phan Thanh Hai said.
Old artefacts and art works that depict the royal lifestyle under the Nguyen Dynasty will be on display.
Hai's centre has worked with local hotels to develop tours to the palace for both foreign and local visitors.
The architecture of the palace, located on the bank of An Cuu River in Phu Nhuan Commune, is characteristic of the residences of the Nguyen Dynasty.
Built by King Dong Khanh in the early 20th century, the palace housed Vietnam's last king Bao Dai, his mother Tu Cung and his wife Nam Phuong for years.
The project is part of the centre's long-term programme to preserve and expand the values of Hue's history, culture and architecture.
This year, the centre completed a project to produce 3D images that feature historic architecture, marking a new step forward in restoration work for Vietnam.
The images use real-time rendering technology to depict Vo Thanh Temple, a well-known site built in 1835 under the Minh Mang reign. The images contain sound and light effects.
Touchscreens on computers can be used to sketch highlights and give feedback during users' real-time discussions.