Kings’ Valley plans one more golf course in north
Hanoi based Kings ‘ Valley Corp has plans to expand its chain of golf courses in the country by spending some US$30 million building one more golf course in Hanoi in addition to two others already underway, said a top executive.
Nguyen Thi Nga, chairwoman and CEO of the private group, told the Daily that her company aims to become a leading golf investor and owner of a chain of high-end golf courses in Vietnam as it sees much potential in this sport in the future.
“Golf is an effective way to bring more business travellers to Vietnam and to promote Vietnam’s image,” she said, explaining the reason behind her company’s decision to develop one more golf course in Soc Son District in the capital city. The new project will be the third one by Kings’ Valley besides one operational golf course in Ha Tay Province and another’ in progress in Hai Phong City.
The 18-hole golf course of international standard in Soc Son District is named the Legend Hill Golf Course, which will cover more than 150hectares. Nga said construction is to begin in the third quarter of this year now that site clearance is being accelerated. “Construction is scheduled to take around one-year,” said the chairwoman.
Kings’ Valley Corp is currently constructing another US$30 million golf course in Do Son Town in Hai Phong City covering 150 hectares. Construction of the 18-hole golf course was started in May 2606 and it is scheduled for completion and inauguration of the first nine holes late this year, while the whole course will be in place months later.
The company will also invest millions of dollars to build a park and a commercial centre in an area of 22 hectares near the golf course, she said.
Do Son Seaside Golf Course, as the project is named, is just 15 minutes from the city centre and is designed by Pacific Coast Design Pty. Ltd, an Australian golf course designer.
Kings’ Valley is the first company to build a golf course complex in the north of Vietnam in 1993 with the launch of Kings’ Island Golf Course in Dong Mo Commune in Ha Tay Province’s Son Tay District. It is a 36-hole golf course complex consisting of two 18-hole courses, named Lakeside and Mountain View.
Apart from the investment to build two new golf courses in Do Son and Soc Son in northern Vietnam, Kings’ Valley is also set to expand its chain nationwide by constructing a course in the south, probably in HCM City.
Nga said her company was anxious to form joint ventures and partnerships with foreign golf corporations to build huge golf course and entertainment complex projects in Vietnam.
Kings’ Valley had also signed a US$1 50 million business cooperation contract (BCC) in principle with Korea’s Hanwha Corp during last year’ s Apec meetings held in Hanoi to develop golf courses in Vietnam.
Category: Business
