Vietnam’s golf industry has experienced significant growth, emerging as a key player in Asia’s golfing scene. The country’s diverse landscapes have attracted international interest, leading to the development of numerous world-class golf courses designed by renowned architects like Jack Nicklaus and Greg Norman. Key golfing hubs include Ho Chi Minh City, Hanoi, Da Nang, and coastal regions like Nha Trang and Cam Ranh….

Vietnam’s Fitness Industry: Overview 2024

the-shiv September 19, 2024

Vietnam’s health and fitness industry is growing rapidly, driven by rising income levels, increasing health awareness, and urbanisation. Gyms and fitness centres, both large international chains and local establishments, are expanding to meet this demand.

FIFA launches tender for World Cup 2026 media rights for Vietnam

the-shiv September 18, 2024

At this early stage it’s not clear how much the broadcast rights might cost, but in football mad Vietnam they are likely worth a lot. Notably in 2018, Vietnam’s VTV broadcaster paid an estimated US$12 million and for the 2022 World Cup paid US$14 million…

FIFA bans Vietnam football club from new signings over unpaid wages

the-shiv August 15, 2024

Of note, Guirassy, was due to be paid out three months’ salary, about US$19,500, but the club’s bank accounts were frozen over unpaid taxes. These were eventually cleared, however, by that time Guirassy’s visa had lapsed and a renewal had not gone through so the bank was unable to process the transaction. At this point with fines and interest the club was up for an additional US$8,400. It’s still not clear when this will be paid.

Olympics kicks off but Vietnam won’t be watching with no broadcast rights

the-shiv July 29, 2024

Notably, Vietnam was relatively late securing the rights to the Tokyo Olympics with a deal only made two-days before the opening ceremony. A last minute deal this time around, however, seems unlikely–it would be very last minute. That said, it’s not clear there is a lot of interest in Vietnam in the Olympics anyway and it could be that cash strapped local media outlets are saving their money for sports, namely soccer, that are hugely popular in Vietnam and subsequently command much bigger audiences…

Esports match fixing highlights breadth of corruption in sports in Vietnam

the-shiv June 10, 2024

Professional sports leagues in Vietnam have struggled to develop on the back of limited investment and low pay for sports players that has resulted in players developing side hustles like match-fixing. More prominently, the Vietnamese Premier League was voted the third most corrupt league in the world back in 2016, and not much has been done to clean up Vietnamese soccer since–As recently as February, five players were charged for match fixing…

Vietnam’s most valuable footballers reveals value in local football league

the-shiv December 20, 2023

Vietnam’s most valuable player is half-Czech, half-Vietnamese Filip Nguyen, VN Express is reporting. He’s currently estimated to be worth €600,000 (US$655,700). Of note, Vietnam signed a deal back in September with the Spanish football league, La Liga, to jointly develop the Vietnam Football Federation (VFF). Historically corrupt, and not nearly

Resolution 98 could see sports complex in Ho Chi Minh City finished after 30 years

the-shiv December 8, 2023

Resolution 98, which was passed by Vietnam’s National Assembly in June and gives HCMC greater power over the collection and disbursement of taxes, may be a game changer with respect to the Rach Chiec National Sports Complex in HCMC, which was started in 1994, but is still unfinished, Tuoi Tre

Vietnam football club fails to pay staff, players for months

the-shiv November 27, 2023

The Ho Chi Minh City Football Club has failed to pay staff and players to the tune of US$1.23 million, VN Express is reporting. The publication is reporting that this sum is made up of salaries and bonuses and dates back as far as last year. Why it matters: This

Vietnam golf courses raking in cash on limited supply

the-shiv October 14, 2023

Vietnam could have between 400 to 500 gold courses by 2030, up from 100 at present, VN Express is reporting. This rapid growth is expected as a result of eased investment procedures, according to Ngo Cong Thanh, a former deputy director of the Ministry of Planning and Investment’s planning management

Spanish football league to help develop football in Vietnam

the-shiv September 7, 2023

Vietnamnet is reporting that the Vietnam Football Federation (VFF) and the Spanish football league (La Liga) have signed an MOU in a first step toward the Spaniards providing training and talent development to the local league. Why it matters: Vietnam loves football but the local league has been plagued by