Want to be in the loop?
subscribe to
our notification
Business News
HCMC PROPOSES 36-HOLE GOLF COURSE IN CAN GIO
[01-12-2016] The government of HCMC has asked the Ministry of Planning and Investment to seek Prime Minister’s approval for a 36-hole golf course covering over 135 hectares in the city’s outlying coastal district of Can Gio. In a written petition sent to the ministry, the city proposed adding the golf course project in Long Hoa Commune and Can Thanh Town to the country’s golf course development plan until 2020.
According to the proposal, Can Gio Tourism Urban Area Joint Stock Company (CTC), a unit of Vietnamese real estate giant Vingroup, would develop the project at a total cost of around VND900 billion (US$39.7 million), excluding site clearance cost and loan interest.
The site where the golf course would go up would be reclaimed land in Long Hoa Commune, so the project would not encroach on agricultural land, protected forests and areas planned for industrial park development and special use, according to the city.
The municipal government is pinning high hopes that the project would give an impetus to the development of the poor district of Can Gio.
The golf course is expected to help fuel the city’s gross domestic product (GDP) growth, restructure the local economy, and create 300-400 jobs for locals. It would become a destination for domestic and international tourists.
CTC has pledged to comply with the current regulations in the process of implementing the project, and employ local residents, especially those affected by the project.
In addition, they would use advanced technical solutions to treat wastewater and take care of grass in a way that protects the environment.
The company would complete work on the project in two years after it receives land from the city.
The city came up with a major plan to develop a new urban area on reclaimed land around 15 years ago but the plan faced long delays. In mid-2015, the city took on Vingroup as a strategic partner and then permitted CTC to do a scale-1/200 zoning plan for the new urban area which would cover 1,080 hectares, up from the original 600 hectares.
The additional space would house a golf course, a movie production studio and a helipad.
Can Gio has over 70,000 hectares of mangrove forest, water coconut trees and canals. It is regarded as the green lung of HCMC, with half of its area recognized in 2000 by UNESCO as a biosphere reserve.
Source: The Saigon Times
Related News
SOME THINGS IN LIFE ARE SIMPLY IRREPLACEABLE.
They all deserve the highest level of protection. With SentrySafe, you’re not just storing valuables - you’re protecting what truly matters. Designed for durability, security, and peace of mind, every detail is built to keep your belongings safe over time. Because true comfort comes from knowing everything important is secured.
SMART ENERGY INFRASTRUCTURE CRITICAL FOR GREEN GROWTH
Developing smart energy infrastructure will be critical for Việt Nam to achieve its green growth ambitions, as the global energy transition has entered a new phase that requires more flexible, resilient and digitally enabled energy systems. At the Smart Energy Infrastructure Development Forum in Hà Nội, experts said that countries must move beyond simply expanding renewable power generation and focus on building smarter energy systems.
ĐẮK LẮK LAUNCHES THREE MANUFACTURING PROJECTS WORTH US$30 MILLION
Đắk Lắk Province has broken ground on three new industrial projects at Hòa Hiệp 1 Industrial Park with a combined investment of nearly VNĐ790 billion (US$30.2 million). The projects are the Agrilong–Green World Fertiliser Plant, the Bá Hải Canned Food Processing Plant, and the Kotinochi Phú Yên Semi-Trailer and Spare Parts Manufacturing Plant. The investors are Hoang Long Vina JSC, Ba Hai JSC, and Kotinochi JSC, respectively.
HCMC PROPOSES NO MARKUP ON OFFICIAL LAND PRICES
HCMC’s Department of Natural Resources and Environment has proposed setting the land price adjustment coefficient, known as the K factor, at 1 for households and businesses, meaning land-use fees and rents would be calculated directly from the official land price table without any upward adjustment. The proposal, included in the third draft regulation submitted by the department to the land price appraisal council, is intended to ease financial burdens on residents and businesses while supporting a recovery in the real estate market.
TOURISM AND INFRASTRUCTURE FUEL VIETNAM'S REAL ESTATE GROWTH
According to Chung, 2026 is considered a pivotal year as the Vietnamese economy enters a new development phase with a series of new policies on socioeconomic development, planning, and infrastructure investment. Against the backdrop, the real estate market is facing significant opportunities to enter a new development cycle.
HCMC: ‘5+1’ MODEL AIMS TO LIFT SERVICES TO 75% OF GRDP BY 2040
High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.
























