Truong Thinh Group to build world-class golf course in Quang Binh

By Ngoc Tan, Huong Dung
Tue, August 23, 2022 | 3:57 pm GMT+7

Truong Thinh, a group specialising in construction and tourism services, will spend VND800 billion ($34 million) building a world-class golf course in Quang Binh province, central Vietnam.

A Truong Thinh Group representative and partners survey the area for a 36-hole golf course in Bao Ninh commune, Quang Binh province, central Vietnam. Photo courtesy of The Investor/Vu Tuan.

A Truong Thinh Group representative and partners survey the area for a 36-hole golf course in Bao Ninh commune, Quang Binh province, central Vietnam. Photo courtesy of The Investor/Vu Tuan.

Covering a total area of 165.74 hectares in Bao Ninh commune, Dong Hoi town, the Bao Ninh Truong Thinh golf course is designed to have 36 holes meeting international standards as a highlight to attract domestic and foreign tourists.

Of the total investment capital, VND120 billion ($5.12 million) will come from investor equity, and the remainder from other sources.

The People’s Committee of Quang Binh recently leased the group 10.9 hectares of land for 50 years to implement the project, which had its investment plan approved by the Prime Minister in July 2020.

Earlier in 2018, Truong Thinh Group signed a design contract for the golf course with The Great White Shark from the U.S.

Bao Ninh peninsula area in Dong Hoi town, Quang Binh province, central Vietnam. Photo by The Investor/Pham Truong.

Bao Ninh peninsula area in Dong Hoi town, Quang Binh province, central Vietnam. Photo by The Investor/Pham Truong.

Truong Thinh was established in 1994 with an initial charter capital of VND4.5 billion, which now stands at VND2.6 trillion ($111 million).

It is one of the two construction giants in Quang Binh province, with many major projects in tourism, transport and hydropower. Besides the planned 36-hole golf course, the group is investing in a number of tourism projects including a resort in Kim Thuy commune, Le Thuy district; the Dolce Penisola Quang Binh six-star hotel project and a new urban area, both in Bao Ninh commune.

South-Korea backed D&N Group in March disclosed its intention to invest around VND6,000 billion ($258.43 million) in a 600-hectare urban resort and golf course complex in the central province of Ha Tinh.

Vietnam's BRG Group is seeking in-principle agreement for a 72.56-hectare golf course project in Quang Xuong district, the central province of Thanh Hoa.

Vietnam’s largest steel maker Hoa Phat Group is awaiting Hai Duong province's green light to survey an international golf course and ecological urban construction project. It will span the two districts of Gia Loc and Ninh Giang in the northern province.

Golf in Vietnam continues to evolve at a rapid pace with exceptional new courses added regularly. The country is home to many multi-award golf courses and hotels including Ba Na Hills Golf Club, The Bluffs Ho Tram Strip, and KN Golf Links.

According to the Vietnam Golf Association, the number of players in the country is estimated to exceed 100,000, with 30,000 playing at least twice a month.

Comments (0)
  • Read More
Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.

Companies - Tue, November 19, 2024 | 11:00 am GMT+7

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.

Finance - Tue, November 19, 2024 | 9:11 am GMT+7

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.

Companies - Tue, November 19, 2024 | 7:45 am GMT+7

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.

Economy - Tue, November 19, 2024 | 7:00 am GMT+7

Indonesia promises Asia-Pacific investors more incentives

Indonesia promises Asia-Pacific investors more incentives

Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.

Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7

Indonesia, Brazil enhance aviation cooperation

Indonesia, Brazil enhance aviation cooperation

Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.

Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7

Indonesia eyes to become member of BRICS

Indonesia eyes to become member of BRICS

Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.

Southeast Asia - Mon, November 18, 2024 | 10:57 pm GMT+7

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Former Party chief, chairman of Vinh Phuc province face disciplinary action

Vietnam’s Central Inspection Committee has proposed disciplining Pham Van Vong, former Party chief of Vinh Phuc, and Phung Quang Hung, former chairman of the northern province, for violations related to Phuc Son Group.

Politics - Mon, November 18, 2024 | 9:17 pm GMT+7

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

Shaping a waterway into a key shipping channel: Viconship gets dredging nod

A major dredging project will allow safer ship navigation and increased cargo transportation capacity on the Hai Phong shipping channel, thereby enhancing competitiveness of Vinconship’s port system, says the company.

Companies - Mon, November 18, 2024 | 7:08 pm GMT+7

Former assistant to State President appointed general director of state-owned financial firm HFIC

Former assistant to State President appointed general director of state-owned financial firm HFIC

Truong Tuan Anh, an official at the State President Office and former assistant to a state president, has been appointed general director of Ho Chi Minh City Finance and Investment Stated-owned Company (HFIC).

Companies - Mon, November 18, 2024 | 5:35 pm GMT+7

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

MBBank’s takeover of weak OceanBank to have limited impact on its credit profile: Fitch

Military Commercial Joint Stock Bank's (MBBank) takeover of Ocean Commercial Bank Limited (OceanBank) will have limited financial impact on the former’s credit profile, Fitch Ratings said Monday.

Banking - Mon, November 18, 2024 | 5:06 pm GMT+7

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

Win-win philosophy indispensable for sustainable growth: Bamboo Capital founder

A win-win cooperation strategy is not just desirable, but a necessary condition for sustainable development, says Nguyen Ho Nam, founder of Vietnam’s private conglomerate Bamboo Capital Group.

Bamboo Capital - Mon, November 18, 2024 | 4:46 pm GMT+7

Vietnam central bank resumes selling gold after 1-month hiatus

Vietnam central bank resumes selling gold after 1-month hiatus

The State Bank of Vietnam (SBV), the country's central bank, on Monday announced that it will reactivate the sale of SJC-branded gold bars to meet market demand.

Banking - Mon, November 18, 2024 | 4:02 pm GMT+7

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Vietnam 2nd biggest market of Thai giant Central Retail in Jan-Sept

Thailand’s leading retailer Central Retail earned a revenue of THB37.99 billion ($1.09 billion) in Vietnam in the first nine months of this year, up 0.9% year-on-year.

Companies - Mon, November 18, 2024 | 4:00 pm GMT+7

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singapore firm to invest in $19.7 mln garment factory in central Vietnam

Singaporean-based HGQ ASIA Pte., Ltd will pour nearly VND500 billion ($19.7 million) into building a garment factory in the south-central province of Binh Dinh.

Industries - Mon, November 18, 2024 | 2:23 pm GMT+7

IP developer KBC to raise $236 mln to restructure debts, augment capital

IP developer KBC to raise $236 mln to restructure debts, augment capital

Kinhbac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will offer 250 million shares to 11 investors for more than $6,000 trillion ($236.4 million) to restructure its debts.

Companies - Mon, November 18, 2024 | 2:17 pm GMT+7