As golf becomes a fashionable
sport, building golf courses alongside hotels and villas has become an
attractive model of investment in Vietnam.
There are around 5,000 golf players in
Vietnam, including 2,000 regular players. Playing golf is not simply a
form of entertainment but the symbol of success in the circles of
businessmen, politicians and diplomats. As a result, the number of golf
players in Vietnam is on the rise.
The
number of travelers who come to Vietnam to play golf is also
increasing. Pham Tu, Deputy Chief of the Vietnam National
Administration of Tourism (VNAT), said that the number of Korean
visitors coming to Vietnam reached more than 300,000 last year and may
hit over 500,000 in the near future. Many of them come to Vietnam to
play golf because Vietnam is an attractive and cheap tourist site.
Vietnam
currently has only 11 golf courses and as the number of golf players is
increasing, many new golf course projects are underway.
The north
has the Hanoi golf course, which is wholly invested in by a Japanese
company, Kim No, a joint venture with Thailand, Dai Lai Star, Flamingo
Dai Lai, Sky Lake Golf, and Long Son golf courses, which are wholly
Korean invested.
The
central region also has big golf projects in the works worth $100
million like the Da Nang golf course, invested in by VinaCapital.
According
to the Ministry of Planning and Investment (MPI), there are up to 28
golf course projects that are at different stages of completion in
Vietnam now. They comprise 13 in the north, 10 in the central region
and five in the south.
An
official from the MPI said that from now to the year’s end around 3-4
new golf courses will be put into operation. Meanwhile, existing golf
courses are trying to upgrade and offer preferential policies to
maintain their players. Dong Mo golf course has reduced member fees by
half for officials compared to the fees for businessmen. The Chi Linh
Star golf course has invited Lars Holden, a member of the Australian
Professional Golf Players’ Association, to be its general director.
Golf players hope that with many new golf courses, the expenditures for this sport will be lower.
Deputy
Construction Minister Tong Van Nga said that expensive fees hinder
Vietnamese from playing golf. Normally golf players have to pay
hundreds of millions of VND to buy membership cards and equipment.
Additionally, each time they go to a golf course, people have to pay other kinds of fees worth tens of US dollars.
Source: Do Thi
|