Deputy PM approves investment policies of three golf courses

Wednesday, Jun 17, 2020 13:39

Deputy Prime Minister Trinh Dinh Dung has given the nod to the policies of developing three golf courses with a total investment of more than VND3 trillion. -— Photo thanhnien.vn

Deputy Prime Minister Trinh Dinh Dung has given the nod to the policies of developing three golf courses with a total investment of more than VND3 trillion (US$129.3 million).

Two golf courses would be in Viet Yen and Luc Nam districts, Bac Giang Province and one in Ky Son District, Hoa Binh Province.

Truong An Golf Investment Joint Stock Company would be the investor of the 36-hole golf course in Viet Yen District which would cover 140 hectares in Huong Mai and Trung Son communes. The project would have an investment of more than VND1.2 trillion.

The golf course in Phuc Tien Commune, Ky Son District would be developed by An Viet Hoa Binh Golf Joint stock Company on an area of 200 hectare with a total investment of VND1.1 trillion.

Truong An Luc Nam Golf Joint Stock Company would be the developer of the golf and tourism complex in Luc Nam District with a 36-hole course of international standards and an investment of VND739 billion.

Viet Nam has around 50 golf courses across the country.

The Decree No. 52/2020/ND-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

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