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
VIETNAM’S SEAFOOD EXPORTS HIT OVER US$10 BILLION IN JAN-NOV
Seafood export revenue in November alone amounted to nearly US$990 million, up 6.6% year-on-year. Key product groups posted solid gains. Shrimp exports rose 11.7% to over US$385 million, supported by strong demand for whiteleg shrimp and lobster. Tra fish shipments increased 9.7% to almost US$197 million, while marine fish, squid, and mollusk exports maintained their recovery.
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS HIT NEW RECORD IN JAN-NOV
Vietnam’s agro-forestry-fishery export revenue reached an estimated US$64.01 billion in the first 11 months of 2025, up 12.6% year-on-year and surpassing the full-year record of US$62.4 billion set in 2024. Agricultural exports reached US$34.24 billion, up 15% year-on-year, while livestock products brought in US$567.4 million, a 16.8% increase. Seafood exports rose 13.2% to US$10.38 billion, and forestry products earned US$16.61 billion, up 5.9%.
HANOI REPORTS RECORD-HIGH BUDGET REVENUE IN 2025
Hanoi’s budget revenue is estimated to reach VND641.7 trillion in 2025, the highest level ever recorded and nearly 25% above the revised target, according to a report by the municipal government. Data from the city’s socioeconomic performance review shows that total state budget collections in 2025 are projected to reach 124.9% of the adjusted plan and rise 24.9% from 2024, the Vietnam News Agency reported.
VIETNAM, CHINA TO PILOT TWO-WAY CARGO TRANSPORT AT LANG SON BORDER
Vietnam and China will launch a one-year pilot program on December 10 to allow two-way cargo transport through the Huu Nghi–Youyi Guan international border gates in Lang Son Province, reported the Vietnam News Agency. The Dong Dang-Lang Son Economic Zone Management Board said the trial aims to reduce transport costs and improve customs clearance capacity.
VIETNAM’S IMPORT-EXPORT VALUE NEARS US$840 BILLION IN JAN-NOV
The total value of Vietnam’s imports and exports was nearly US$840 billion between January and November this year, the highest level ever recorded, according to the National Statistics Office. In its latest report on the country’s socio-economic performance, the National Statistics Office highlighted a series of positive economic indicators, with trade emerging as one of the strongest drivers of growth.
OVER 19 MILLION INTERNATIONAL VISITORS COME TO VIETNAM IN JAN-NOV
Vietnam received more than 19.1 million international visitors in the first 11 months of 2025, a 20.9% increase year-on-year and the highest level ever recorded, according to the National Statistics Office. The figure surpasses the full-year record of 18 million arrivals set in 2019, before the Covid-19 pandemic. Nearly two million foreign visitors arrived in November alone, up 14.2% from October and 15.6% from the same period last year.
























