Singapore investor wins $34 mln golf course project in central Vietnam  02:49, 22/06/2026

The Hue People's Committee approved the investor selection after evaluating bids submitted under the project's tender process. Vina Hue G competed against local developer Aninvest Plaza B1 Co. Ltd., with both companies meeting preliminary requirements on financial capacity and experience.

The Phong Phu ward golf course project will cover about 177.7 hectares, including a 27-hole course spanning roughly 132.7 ha and a separate nine-hole course occupying around 45 ha.

The development will include supporting facilities for management and operations in line with approved planning and is intended to boost sports, leisure and tourism activities in the city.

Of the total investment of more than 872 billion ($34.2 million), around VND834 billion is earmarked for construction and over VND37 billion ($1.4 million) for land clearance and compensation costs.

The project will operate for 50 years from the date land-use rights are granted or land purposes converted. Construction is expected to be completed within 48 months, with groundbreaking targeted within 12 months after regulatory procedures are finalized.

Singapore firms expand footprint in Hue

Singaporean companies have steadily increased their presence in Hue over the past decade, focusing on resort real estate and industrial infrastructure.

In 2013, Singapore-based luxury hospitality group Banyan Tree Holdings launched the Laguna Lang Co integrated resort project in what is now Chan May-Lang Co commune.

The approximately 280-hectare development, which includes resorts and a golf course, carries total planned investment of around $2 billion and has become one of Hue's largest and most successful foreign-invested projects.

In late May 2026, Hue authorities granted an investment registration certificate and investor approval to Vietnam-Singapore Industrial Park Joint Venture Co. Ltd. (VSIP) for the VSIP Hue Industrial Park project.

The VND3.08 trillion ($116.84 million) project will span approximately 467.2 hectares in Hung Loc and Loc An communes. Construction is expected to begin in the fourth quarter of 2026, with commercial operations targeted for the second quarter of 2031.

According to VSIP, the industrial park is designed as a green, smart and sustainable development featuring modern infrastructure, digital management systems, and integrated business support services.

Beyond direct investment, Singaporean firms have also participated in urban planning initiatives in Hue. The city's 2021-2030 master plan, with a vision to 2050, was prepared by Singapore-based consultancy enCity Group, which specializes in urban development strategy, infrastructure and land-use planning.

Hue authorities have asked enCity to continue supporting revisions to the city's master plan through 2045 with a vision to 2065, urban design for the Hue Citadel area, transit-oriented development linked to Vietnam's planned North-South high-speed railway, redevelopment planning for Dong Ba Market, and the application of geographic information systems and artificial intelligence in urban planning management.

Hue is one of the seven centrally-governed cities in Vietnam, together with Hanoi, Hai Phong, Danang, Ho Chi Minh City, Can Tho and Dong Nai.

Hue is about 100 km away from Danang city, known for beaches among the most beautiful in Asia.

By: theinvestor.vn