Economists oppose golf course proposals, say investors are engaging in land speculationVietNamNet Bridge - Local authorities have proposed adding tens of golf course projects to the program on golf course development, a move many economists oppose. Investors still want to build golf courses though golf courses don’t bring high profits as it is very difficult to attract players. Doan said that scandals related to golf course development in Phu Yen, Vinh Phuc and Ninh Thuan, in which investors used the land allocated to develop golf courses for other purposes. Doan doubts that the large land plots investors expect to be allocated are what they target when registering to develop golf courses. RELATED NEWSConditions to replace state planning in golf course developmentDozens of golf projects proposed by local authoritiesMai Chi

Source: VietNamNet News May 20, 2018 02:03 UTC