50-million USD beach golf course to be built in Da Nang

The People’s Committee of the central coastal city of Da Nang has approved plans for a 36-hole golf course by property developer VinaCapital Group.
50-million USD beach golf course to be built in Da Nang ảnh 1A golf course built in the Ba Na Hills area in the central city of Da Nang (Photo courtesy Ba Na Hills Golf course)


Da Nang (VNS/VNA) — The People’s Committee ofthe central coastal city of Da Nang hasapproved plans for a 36-hole golf course by property developer VinaCapitalGroup.

The city’s planning andinvestment department said the golf course will cover 22ha in Ngu Hanh Son district with an estimated investment of 1.168trillion VND (50.8 million USD).

It said the golf andtourism project will include 500-room, four-star hotels and villas, atourism village and entertainment centres.

The department said the projectwould add to the booming golf resorts and tourism projects that willbe developed along 30km of pristine beach from Da Nang to Hoi An in the coming decades.

The 50 million USD project would make part of a seriesof golf and real estate projects VinaCapital has built along the coast.

The group has developeda chain of beach resorts such as the Dunes, the Ocean Villas, NormanEstates and the Dune Residence in Ngu Hanh Son district since late 2009.

The city said VinaCapitalhas invested 200 million USD inbeach resorts, golf courses and apartment complexes in Da Nang.

At a conference in the citylast year, seven golf course in central Vietnam agreed to join together to form a newgolf-specific marketing group – the Vietnam GolfCoast – extending from Da Nang to thefoothills of Hue andshores of Hoi An.

DaNang alone earned 68 million USD per year from golf tourism, and the cityexpects to increase the figure to 186 million USD in the coming years when more golf coursesopen.

According to the InternationalAssociation of Golf Tour Operators, 169 golf tourism companies operating inAsia plan to expand into Vietnam.

The International Associationof Golf Tour Operators in cooperation with Da Nang’sTourism department has built a strategy to develop golf tourism for Da Nang in2017-22.

Da Nang andneighbouring provinces of Quang Namand Thua Thien-Hue are popular tourism sites in central Vietnam, with beautiful golf courses designed byNick Faldo, Greg Norman, Collin Montgomerie and Luke Donald./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.