Hue approves investment in 45-hectare golf course project

Accordingly, the project has the form of selecting investors through bidding according to the law.

The project's objective is to invest in the construction of a 9-hole golf course and other items and auxiliary works to serve the management, operation and exploitation of the golf course, meeting the criteria of a golf course in accordance with current standards and regulations; serving the needs of sports , recreation and entertainment of the people and tourists coming to Hue. Effectively exploiting land funds, forming a golf course contributes to the socio-economic development of the city.

The project has an expected land area of about 45 hectares. The scale of construction architecture is according to the Construction Zoning Plan (scale 1/2000) of the Resort combined with golf course and ancillary services of Phong Phu ward, Hue city in Decision No. 1425/QD-UBND dated May 19, 2025 of the People's Committee of Hue city.

The project has a total investment capital of 216.9 billion VND. Of which, the preliminary cost of project implementation is 195.59 billion VND; The preliminary cost of compensation for temporary site clearance is estimated at 21.31 billion VND.

A golf course in the coastal area of Hue City. (Photo source: goldensandsgolf.vn)

According to the Hue City Department of Finance, after the competent state agency approves the selection of an investor to implement the project, the investor must ensure the capital source to implement the project. The contributed capital must ensure at least 15% of the total investment capital (the actual progress will be proposed by the selected investor). In which, the investor's equity capital committed to the project is at least 32.53 billion VND (accounting for at least 15% of the total capital of the investment project). Loan capital from credit institutions and other legally mobilized capital is 184.37 billion VND (accounting for a maximum of 85% of the total investment capital).

The progress of basic construction and putting the project into operation or exploitation shall not exceed 36 months from the date of land allocation, land lease, or conversion of land use purpose, in which the construction commencement time shall not exceed 12 months from the date of decision on land allocation, land lease, or conversion of land use purpose.

The People's Committee of Hue City assigned the Department of Finance to act as the inviting party, organize the preparation and submission of the invitation for interest documents; and announce the invitation for interest according to regulations. Based on the results of the evaluation of the registration dossier for the implementation of the business investment project, the Department of Finance submitted to the City People's Committee for consideration and approval of the invitation for interest and organized the selection of investors.

It is known that, previously on October 1, the People's Committee of Hue City also decided to approve the investment policy of another golf course project (27 holes) in Phong Phu Ward, also in the form of selecting investors through bidding. This project has an expected land area of about 132.74 hectares; the total expected investment capital is 629.14 billion VND.

Source: https://baodautu.vn/hue-chap-thuan-dau-tu-du-an-san-golf-45-ha-d407160.html