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Update news golf course
Businesses owned by Le Van Kiem, a well-known businessman who owns Long Thanh Golf Course and Cam Ranh Industrial Zone, have seen debts drop sharply from VND36 trillion to VND15.532 trillion, but they continue reporting low profits.
Deputy Prime Minister Trinh Dinh Dung has approved of the plan to build the USD43m Lao Cai and Vinpearl Quang Nam golf courses.
The government of Danang is seeking approval from the local council to develop a horse-racing track and a hotel and golf course complex, worth nearly US$2 billion, to attract more tourists to the region and improve the city’s development.
The draft decree on golf course businesses compiled by the Ministry of Planning and Investment says that low-yield one-crop rice land may be used to develop golf courses if the land can satisfy requirements to change the purpose of land use.
VietNamNet Bridge - Local authorities have proposed adding tens of golf course projects to the program on golf course development, a move many economists oppose.
VietNamNet Bridge - Vietnam ranks 113rd out of 136 surveyed countries in terms of tourism infrastructure.
VietNamNet Bridge - The ‘golf rush’ has returned, with around 10 projects added to the national golf course program in one day. More projects are on paper.
The prime minister has issued comments on the business conditions for golf course projects.
The Ba Ria-Vung Tau People’s Committee has released the criteria to choose new investors for Vung Tau Paradaise Resort developed by Vung Tau Paradise Company.
The Việt Nam Amateur Open will tee off at Sacom Golf Resort at TuyềnLâm Lake, ĐàLạt City, LâmĐồng Province on June 23, according to the Việt Nam Golf Association (VGA), the tournament organiser.
VietNamNet Bridge - Scientists have raised their voice against a plan on developing golf courses in coastal areas, saying that the space adjacent to the coast should be used for other purposes.
VietNamNet Bridge - It is expected that Vietnam will have 90 golf courses, with every province and city having an average of 1.4 golf courses.
HCM City residents have repeatedly lodged complaints about the dangers posed by a golf course within the Tan Son Nhat International Airport.
VietNamNet Bridge – The Bluffs Ho Tram Strip has signed a three-year partnership agreement with two-time European Tour winner Robert Rock to become its brand ambassador and touring professional.
VietNamNet Bridge – The golf course area alone at Tan Son Nhat International Airport can provide space for 30 additional aircraft parking spots, according to Le Trong Sanh, former chief of flight management at Tan Son Nhat.
VietNamNet Bridge – Many voters expressed their distress about the golf course to be built in Tan Son Nhat Airport and protested the plan to construct Long Thanh Airport in a meeting with National Assembly (NA) deputies in HCMC last week.
At the guidance of the Prime Minister, the Ministry of Planning and Investment checked all golf course projects throughout the country. The Ministry rejected 76 projects and revoked over 15,600 hectares of land from these projects.