SAM Holdings seems to be to spend money on golfing direction, city spaces at $4.04 bln undertaking in central Vietnam

Conglomerate SAM Holdings Corporation plans to invest in a golf course and two urban areas as part of a nearly VND102.87 trillion ($4.04 billion) complex project in Vietnam’s central province of Quang Tri.

Specifically, SAM Holdings (HoSE: SAM) aims to develop an 18-hole golf course covering 120 hectares and two urban areas totaling 150 hectares within a high-end residential, resort, sports, and entertainment complex in Gio Linh district.

The provincial government has granted in-principle approval for SAM to develop these three sub-projects in 2025-2030.

SAM Holdings first proposed investment in the complex project in January. Once completed, this 1,800-ha complex is expected to create jobs for 44,800 workers.

In Quang Tri, SAM is also involved in the My Thuy port project in Hai Lang district. The project, developed by its affiliate My Thuy Port JVC, has a total investment of VND14.2 trillion ($557.19 million).