Explore Vietnam's rapid golf development strategy as provinces aim to establish 200 golf courses by 2025 and find out how this development trend is reshaping the country's tourism landscape and boosting economic growth.
This content is translated from an article by Thanh Vu in the Online Real Estate Investment Newspaper on 06/06/24
An Ambitious Target of 200 golf courses in 2025
Provinces in Vietnam continue to "race" to plan golf courses in 2024. Currently, the country has about 80 18-hole golf courses in operation. It is expected that by 2025, this number will increase to 200 golf courses. The driving force behind the continuous creation of golf courses comes from Decree No. 52/2020/ND-CP of the Government. Accordingly, the golf course business has now been regulated as a conditional business and provinces will be licensed to invest in golf courses according to the needs and socio-economic development orientation of each locality, instead of because it follows the national planning direction as before. Therefore, many provinces are taking advantage of policy opportunities to continuously pave the way for the development of golf courses and accompanying amenities and services.
At the end of May 2024, the People's Committee of Bac Giang province issued a decision approving the task of planning the subdivision of Yen The resort, entertainment and golf course urban area.
Golf Course Development Plan in Bac Giang province
At the end of May 2024, the People's Committee of Bac Giang province issued a decision approving the task of planning the subdivision of Yen The resort, entertainment and golf course urban area. The project is located in Tien Thang commune and Tam Tien commune, Yen The district. The planning area is about 414 hectares, the expected population size is 1,000 - 1,500 people. The total cost of project implementation is more than 2,780 billion VND.
Previously in March 2024, the People's Committee of Yen Dung district, Bac Giang province, also announced to find investors for the new urban area project of Nham Bien mountain golf course in Dong Son commune and Tien Phong commune. Based on the Bac Giang planning period 2021 - 2030, with a vision to 2050, the province will plan 12 functional areas integrating golf courses and resorts, entertainment, and recreation, with a total of 13 golf courses.
Golf Course Development Plan in Gia Lai
Also at the end of May 2024, the People's Committee of Ia Grai district reported to the People's Committee of Gia Lai province on information related to two golf course projects in the area. The total area of the two golf courses is about 550 hectares.
Previously, at the beginning of the year, Gia Lai also called for investment in a 200-hectare urban area project in the city. Pleiku.
Thua Thien Hue province
Not to be outdone, in March 2024, the People's Council of Thua Thien Hue province also issued a resolution on the task of planning construction zones, scale 1/2000, for the 90-hectare golf course resort in Huong Tho commune. and Binh Thanh commune.
Previously, many businesses invested in golf courses in this locality, including "big guys" like BRG. In addition, some units from Korea such as Daewon and KX are also in the process of "eyeing" and researching this locality.
Golf courses become part of the economy planning strategy
In the planning strategy for the period 2021 - 2030, with a vision to 2050, many localities have moved to reserve land funds to develop golf courses. For example, Dong Nai province has proposed to reserve more than 880 hectares of land to build 6 golf courses.
More ambitiously, Hoa Binh province also aims to develop nearly 40 golf courses from now to 2050. Along with the above timeline, Vinh Phuc also plans to build 40 resort projects combined with golf courses. Quang Ninh province has also planned 22 golf courses. Thai Nguyen also set a goal of implementing 13 courses.
According to the World Tourism Organization, golf tourists often spend 6 times more than regular tourists. As for data from the Vietnam Tourism Association, in the first 4 months of 2023, about 30 - 40% of international visitors choose golf tourism. Accordingly, on average, each visitor to Vietnam to play golf spends about 40 million VND in 5 days, not including air tickets.
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