Việt Nam News

Deputy PM approves investment policies of three golf courses

June 17, 2020 - 14:39

Deputy Prime Minister Trịnh Đình Dũng has given the nod to the policies of developing three golf courses with a total investment of more than VNĐ3 trillion (US$129.3 million).

Deputy Prime Minister Trịnh Đình Dũng has given the nod to the policies of developing three golf courses with a total investment of more than VNĐ3 trillion. -— Photo thanhnien.vn

HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has given the nod to the policies of developing three golf courses with a total investment of more than VNĐ3 trillion (US$129.3 million).

Two golf courses would be in Việt Yên and Lục Nam districts, Bắc Giang Province and one in Kỳ Sơn District, Hòa Bình Province.

Trường An Golf Investment Joint Stock Company would be the investor of the 36-hole golf course in Việt Yên District which would cover 140 hectares in Hương Mai and Trung Sơn communes. The project would have an investment of more than VNĐ1.2 trillion.

The golf course in Phúc Tiến Commune, Kỳ Sơn District would be developed by An Việt Hòa Bình Golf Joint stock Company on an area of 200 hectare with a total investment of VNĐ1.1 trillion.

Trường An Lục Nam Golf Joint Stock Company would be the developer of the golf and tourism complex in Lục Nam District with a 36-hole course of international standards and an investment of VNĐ739 billion.

Việt Nam has around 50 golf courses across the country.

The Decree No. 52/2020/NĐ-CP which came in force on June 15 was the first Government decree about investing and running golf courses.

In the context that a number of golf course projects were stagnating, the decree regulates that the developer would have at most 36 months to complete an 18-hole course and 48 months for others. — VNS

Tags golf tournament golfer sport

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