S Korea realty giant keen on 184 ha golf course project in central Vietnam

Government-owned Korea Land & Housing Corporation (LH) has shown interest in developing a 184-hectare golf course project in central Vietnam as the company seeks to expand its presence in the country.

An LH delegation recently conducted a fact-finding trip to Tho Xuan district, Thanh Hoa province to explore the golf course project and the district’s new administrative center project.

In talks with the delegation, chairman of the district government Hoang Van Dong proposed the South Korean firm develop both projects. The golf course is part of the Lam Son-Sao Vang township planning.

The future golf course is well connected to traffic infrastructure and located on a proper terrain for development, said Dong. In addition, it is close to major national roads and is five kilometers away from Tho Xuan airport and 40 km from Thanh Hoa town, the capital of the province.

Dong promised the best conditions for LH’s investments.

In response, LH executives said they appreciated the district’s advantages, noting that they are a critical factor for LH’s consideration.

LH is a major real estate player in South Korea, with a focus on land acquisition and development, housing development, and smart city development. It has a legal capital of KRW40 trillion (around $30 billion), which is fully financed by the government.

LH boasts that it is building industrial parks and new cities in various countries around the world to boost Korea’s international competitiveness. It is present in the Middle East, India, ASEAN, and East Asia.

In Vietnam, LH has a representative office in Hanoi and has signed memoranda of understanding with several localities such as Hung Yen, Thua Thien Hue, and Danang.

Thanh Hoa is the fifth-largest province in terms of area and the third most populous province in Vietnam. It plans to develop 13 golf courses in 2026-2030.

The locality attracted $377.17 million in foreign direct investment in January-August, ranking 17th nationwide and up 38.4% year-on-year, according to government data.