On 26 November 2009, the Prime Minister signed Decision No. 1946/QD-TTg ("Decision 1946"), which sets out the master plan for the establishment of golf courses up to 2020.
Decision 1946 provides that 89 golf courses will be established in Vietnam by 2020. Of those 89, 19 are currently operating. Of the remaining 70 golf courses to be established, 11 will be located in the Northern Midlands, 16 in the Red River Delta, 29 in the Northern Part of the Central Region and the Coastal Area of the Southern Part of the Central Region, 8 in the Central Highlands, 21 in the Southeastern Region and 4 in the Mekong Delta.
Decision 1946 clearly states that the sites set for golf courses are primarily in mountainous regions, coastal areas in the Central Region, as well as in existing key tourist areas throughout the country. This Decision also provides that the construction of golf courses must be reasonably distributed throughout each region and across the country. Developers must ensure the efficient use of land and further development of economy in relation to employment, sustainability, contributions to the State budget and the development of the tourism and sports industries.
Decision 1946 provides additional regulations relevant to golf course development, set forth below:
For licensed golf course projects which have completed construction and become operational prior to 26 November 2009, the owners must now comply with several additional conditions as required by Decision 1946. Licensed projects which lie in a planned zone and remain to be constructed, however, must fully comply with all of the criteria set out in this new piece of legislation.
Provincial People’s Committees are charged with the issuance and withdrawal of investment certificates.
Decision 1946 took effect on the date it was signed.
For inquiries related to this Client Alert, please contact:
Dao Nguyen ( )
Thinh Dan ( )
You have no pages selected. Please select pages to email then resubmit.