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Vietnam golf courses raking in cash on limited supply

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 department, referenced in the article.

The article points out that currently, golf courses target international tourists with prices per game between VND 3 million (US$123) to VND 5 million (US$204). According to Chu Ngoc Nguyen, the former general secretary of the Vietnam Golf Association, this puts it out of the reach of most Vietnamese. He says more courses are necessary to make the sport more accessible.