Naturally, in a country like Vietnam, all of FLC’s projects come with government pre-approval - the Ministry of Planning and Investment in choosing sites and developing plans - and the Ministry of Culture and Sport in promoting golf for local participation.
Currently, there are perhaps only 20,000 active golfers in Vietnam, a blip of a percentage of the country’s 90 million residents, but the sport’s increasing profile, wealth creation in larger cities and an increasing number of golf-playing foreign expats and visitors is adding to the appeal.
Initially, Mr Quang expects the majority of players and real estate investors at FLC golf resorts to be local Vietnamese. He foresees considerable growth in foreign golf tourism and investment, especially from Korea and Japan, which are already major source markets due to an abundance of golf-loving locals and the two countries’ harsh winters.
He says golfers from other foreign countries - Europe, Australia and North America – will be attracted by new destinations and traditional links-style settings and playing conditions.
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