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).
The Ministry of Planning and Investment recently published a draft decree about investment and operation of golf courses which aimed to erect prerequisites for investing in and running golf courses and ensure efficiency of land use when building golf courses.
Prime Minister Nguyen Tan Dung has signed an order revising the
government''s development plan for golf courses until 2020 by removing
nine from the list and adding 15 others.
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.