With a large population and rapidly increasing per capita income, golf has become a highly popular sport, opening up great potential for the golf course market in Vietnam.

Bamboo Airways and resort operator Vinpearl on February 27 signed a strategic cooperation agreement in the field of air-tourism service.

VietNamNet Bridge - Building more golf courses to develop tourism is believed to be one of the ways for poor provinces to develop local economies.

 VietNamNet Bridge – Viet Nam will have nearly two million hectares of urban area by 2020, the natural resources and environment ministry has said.

 VietNamNet Bridge – This central province, known for its beaches and cave system, including the world's biggest cave, Son Doong, is seeking government approval to develop 10 golf courses along its coast.

 VietNamNet Bridge – As golf has become an increasingly attractive sport here, as well as a lucrative component within the country's tourism industry, many foreign and domestic investors are rushing to build costly golf courses throughout Vietnam.

VietNamNet Bridge – Investment authorities are mulling over the decision to turn the golf course business into a conditional sector, which would mean that golf course planning would no longer be a necessity.

Vietnamese property investors seem to be more confident in engaging in merger and acquisitions (M&A) in golf courses as some foreign companies facing financial difficulties in their developed nations are opting out of the sector.

Investors once rushed to pour their money into golf courses, believing that this was a gold mine to dig. But they may have changed their mind when seeing 2/3 of the operational golf courses taking loss.

The stuffy atmosphere can be breathed at the golf courses nowadays, which, like many other business sectors of the national economy, are experiencing the dark days of the economic recession.