Investors pursue hundred-million dollar horse racecoursesVietNamNet Bridge - A series of racecourse projects are awaiting business licenses as the legal framework for the business field is to be released in several days. Since this is a new business field, Vietnamese investors are cooperating with foreign groups to implement projects. Estimated investment capital is $500 million.The complex would be set up in the suburb district of Soc Son in Hanoi, covering an area of 1,200 hectares. Once operational, it is expected to be one of the most modern horse racecourses in the world.The project was implemented more than 10 years ago under a government’s decision to allow the investors to develop racecourses on a trial basis. Therefore, investors hope they can grab the opportunities and soon find their position in the market.Since this is a new business field, Vietnamese investors are cooperating with foreign groups to implement projects.

Source: VietNamNet News September 02, 2016 05:03 UTC