SAM Holdings looks to invest in golf course, urban areas at $4.04 bln project in central Vietnam
Conglomerate SAM Holdings Corporation plans to invest in a golf course and two urban areas as part of a nearly VND102.87 trillion ($4.04 billion) complex project in Vietnam’s central province of Quang Tri.
Specifically, SAM Holdings (HoSE: SAM) aims to develop an 18-hole golf course covering 120 hectares and two urban areas totaling 150 hectares within a high-end residential, resort, sports, and entertainment complex in Gio Linh district.
Part of Gio Linh district, Quang Tri province, central Vietnam. Photo by The Investor/Thanh An.
The provincial government has granted in-principle approval for SAM to develop these three sub-projects in 2025-2030.
SAM Holdings first proposed investment in the complex project in January. Once completed, this 1,800-ha complex is expected to create jobs for 44,800 workers.
In Quang Tri, SAM is also involved in the My Thuy port project in Hai Lang district. The project, developed by its affiliate My Thuy Port JVC, has a total investment of VND14.2 trillion ($557.19 million).
- Related News
- Read More
Central Vietnam province Quang Nam welcomes $562 mln investment initiatives
Vietnamese and foreign businesses on Wednesday signed agreements to explore investment opportunities totaling VND14.3 trillion ($561.9 million) in the central province of Quang Nam.
Industries - Thu, March 6, 2025 | 4:19 pm GMT+7
Japan pledges $20 bln investment in clearn energy in Vietnam
Japan plans to invest up to $20 billion in low-carbon energy projects in Vietnam amid a regional push for net zero emissions, Japanese broadcaster NHK reported.
Energy - Thu, March 6, 2025 | 3:14 pm GMT+7
Vietnam police urge Samsung to help train workforce in IT, AI
Vietnam’s Ministry of Public Security has urged Samsung Vietnam to help it with training high-quality workforce related to information technology (IT) and artificial intelligence (AI).
Companies - Thu, March 6, 2025 | 2:57 pm GMT+7
Germany PNE’s 2 GW project in Vietnam redefined as 'nearshore' wind power
German renewable energy developer Pure New Energy's (PNE) $4.6 billion Hon Trau wind power project in Vietnam’s south-central province of Binh Dinh is classified as a nearshore wind power project.
Energy - Thu, March 6, 2025 | 11:41 am GMT+7
T&T Group, Qatari partner seek to open $4.5 bln Hanoi sports-entertainment complex in 2028
Vietnam’s conglomerate T&T Group and Qatar’s JTA International Investment Holding expect to receive Hanoi’s support to put their $4.5 billion sports-entertainment complex into operation in 2028.
Real Estate - Thu, March 6, 2025 | 10:13 am GMT+7
Vietnam banks en masse cut deposit interest rates following PM instruction
As many as 12 banks in Vietnam have reduced their deposit interest rates by an average of 0.7 percentage points, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
Banking - Thu, March 6, 2025 | 8:17 am GMT+7
Thailand unveils Global Soft Power Vision
Thai Prime Minister Paetongtarn Shinawatra has delivered a keynote speech at the Global Soft Power Talk: The New Rules of Soft Power, presenting the country’s ambition to redefine its global role through creativity, culture, and innovation.
Southeast Asia - Wed, March 5, 2025 | 10:43 pm GMT+7
Thailand pledges tax incentives to promote stock market listings
The Thai Finance Ministry has pledged to use tax incentives to entice companies to list on the stock market and improve their efficiency, reported the Bangkok Post.
Southeast Asia - Wed, March 5, 2025 | 10:40 pm GMT+7
Thailand unveils $106 mln investment in aviation technology
Thailand has announced a plan to strengthen its aviation capabilities by investing THB3.6 billion (over $106 million) in advanced technology, aiming to position the country as a regional aviation hub by 2037.
Southeast Asia - Wed, March 5, 2025 | 10:38 pm GMT+7
Indonesia plans over 20 energy projects in 2025
Indonesia is set to launch more than 20 energy projects in 2025, with total investment of around $40 billion, as part of efforts to boost domestic refining capacity and strengthen energy security.
Southeast Asia - Wed, March 5, 2025 | 10:35 pm GMT+7
Thailand rolls out policies to boost wellness economy
Thailand’s wellness industry is expected to help generate THB690 billion ($20.4 billion) in economic value for the country this year, through collaborations between inventors and investors, according to Public Health Minister Somsak Thepsutin.
Southeast Asia - Wed, March 5, 2025 | 10:33 pm GMT+7
Former chairman of Vietnam’s cement giant Vicem arrested
Former chairman of the state-owned Vietnam National Cement Corporation (Vicem) Le Van Chung has been detained for violating regulations on management and use of state assets, leading to significant losses and waste.
Society - Wed, March 5, 2025 | 10:31 pm GMT+7
Construction of $137 mln waste-to-energy plant begins in HCMC
Construction on the VND3.5 trillion ($137.2 million) Vietstar waste-to-energy plant, with processing capacity of 2,000 tons of waste per day, commenced on Wednesday in Ho Chi Minh City.
Energy - Wed, March 5, 2025 | 8:56 pm GMT+7
Vietnam to pilot digital currency exchange
The Ministry of Finance will this month submit to the Vietnamese Government a proposal on legal frameworks for digital currencies, including allowing a pilot exchange for this kind of asset.
Economy - Wed, March 5, 2025 | 6:06 pm GMT+7
Commonwealth Bank of Australia to entirely divest from Vietnam bank VIB
Commonwealth Bank of Australia (CBA) will completely divest its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank (VIB).
Banking - Wed, March 5, 2025 | 5:12 pm GMT+7
Property buyers 'catch opportunity wave' in central Vietnam province Binh Dinh as policy relaxed
The real estate market in the central coastal province of Binh Dinh, especially in Quy Nhon town, is enjoying fresh development opportunities thanks to provincial planning, infrastructure investment, policy facilitation, and tourism growth.
Real Estate - Wed, March 5, 2025 | 4:42 pm GMT+7
