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Taiwan firm plans $30 mln golf club factory in northern Vietnam

Published on 04.06.24

Taiwan-based QuanShen is planning to build a $30 million golf club factory in Vietnam’s northern province of Ha Nam.

According to the provincial authorities’ draft report on the environmental impacts of the project, QuanShen plans to conduct factory construction from May 2024-March 2025, install equipment and machines in March 2025, recruit workers in April 2025, enter trial production in April-June 2025, and start official production from July 2025.

The factory, located in Thanh Liem Industrial Park, will have an annual capacity of 3.5 million items a year, equivalent to 1,800 tons. This includes 2.17 million completed golf clubs, 1.33 million golf club heads, and 503,000 parts and accessories.

Sân golf Hoàng Gia – Royal Golf CourseRoyal Golf Course in Ninh Binh Province, northern Vietnam. Photo courtesy of the course.

Registered foreign direct investment (FDI) in Vietnam reached $11.07 billion in the year to May 20, up 2% year-on-year, the Ministry of Planning and Investment reported. Ha Nam province ranked 13th with $321.3 million, up 168% year-on-year.

Vietnam has about 80 golf courses and 150,000 golfers. The first golf course in the country was Da Lat Palace Golf Club in the Central Highlands province of Lam Dong, while the biggest is Royal Golf Course in the northern province of Ninh Binh.

As of January, an additional 98 golf course projects had been approved in Vietnam, while 160 others are pending approval.

Golf plays a key part in Vietnam’s international tourism sector. The country welcomed 6.6 million foreign travelers in the first seven months of 2023, and one million took part in golfing activities, according to the Vietnam Tourism Golf Association.

Source: 02/06/2024
The Investor

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