Golden Horse (Korea) is preparing to soon be able to set up business in Vietnam, with the implementation of the 500 million USD horse racecourse project in Bac Ninh.
At the recent meeting between the CEO of Golden Horse Korea and the Chairman of Bac Ninh Province People’s Committee on the 500 million USD horse racecourse. According to the Korea side, the company is actively mobilizing capital, speeding up the implementation and completion of the project proposal and submit it to the Prime Minister for investment policy. It is expected that in early December 2017, the company will set up representative office in Bac Ninh.
Golden Horse is the project that has been approved by the People’s Committee of Bac Ninh province and sign a Memorandum of Understanding (MOU) from the end of April 2017. This is a project to build a horse racecourse, entertainment complex, resort and commodity circulation center in Thuan Thanh district, Bac Ninh province with a total area of 400 hectares and a total investment of 500 million USD. It will attract 5,000 to 10,000 workers when go into operation.
Also at the meeting, according to Chairman of Bac Ninh People’s Committee, Bac Ninh has reported to the Prime Minister about the project and has invested in transportation infrastructure of the adjacent area. On the provincial side, it is recommended that enterprise implement the project soon. There will be many advantages in site clearance, investment benefits… The Department of Planning and Investment is assigned to continue to guide and create maximum convenience for enterprise in the project implementation process.
Besides Golden Horse, there are quite a lot of Korean investors who want to open a horse racecourse in Vietnam. For example, GOMAX I & D with 1.5 billion USD racecourse project in Vinh Phuc.