|
|
Article: VIETNAM'S GOLF COURSES BOOM WITH FOREIGN FINANCING.
- Article from:
- AsiaPulse News
- Article date:
- November 8, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HANOI, Nov 8 Asia Pulse - Foreign investment in domestic golf courses is back on track after three years of being at a veritable standstill, as businesses said their operational performance has improved.
Three years ago, golf course investors asked the government to offer them tax incentives as the golf business was not doing well.
However this year has marked a turn-around and investment flow into golf course projects has increased dramatically. Statistics from CB Richard Ellis, a US market research and consultation company, reported there are 15 golf course projects being planned for Vietnam, nine in the north and six in the south.
The South ...