According to the investor selection results for the 36-hole Dak Doa Golf Course project in Gia Lai, announced on January 12, 2026, Ion Complex Building Investment and Management LLC is the sole enterprise to express interest and meet the project execution capabilities.
The Dak Doa Golf Course, spanning approximately 171.7 hectares in Dak Doa commune, is divided into three golf areas of 73.9ha, 77.2ha, and 20.6ha respectively. Investment preparation and implementation procedures are scheduled from Q1/2026 to Q3/2029, with the golf course expected to be completed and operational by Q4/2029. The project has a 50-year operational lifespan and a total investment of 1.15 trillion VND.
The current land use status reveals 155.9 hectares of planted pine forests (two-needle and three-needle pines, planted in 1976) and 18.1 hectares of non-forested land. Pine forests account for approximately 90% of the total planned area.
50-year-old pine forest area designated for the project. Photo: Tien Phong
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In April 2021, the Prime Minister issued Decision 525/QĐ-TTg approving the investment policy for the Dak Doa Golf Course. The approved investor was FLC Group JSC, with a total investment of over 1.142 trillion VND (mobilized capital exceeding 969 billion VND) and a 36-hole scale.
FLC Group commenced the project in April 2021 but later halted its implementation. On November 28, 2025, Mr. Nguyen Huu Que, Vice Chairman of Gia Lai Provincial People’s Committee, inspected the pine forest area of the project.
Ion Complex Building Investment and Management LLC, established in 2010, is headquartered at 36 Pham Hung, Tu Liem District, Hanoi. Its initial charter capital was 200 billion VND, with founding shareholders including FLC Group JSC (represented by Ms. Huong Tran Kieu Dung) holding 49% and Mr. Trinh Van Dai holding 51%. By late 2016, FLC held 98%, and Mr. Dai held 2%. The legal representative at that time was Ms. Dung, Chairwoman of the Members’ Council.
In 2018, the legal representative changed to Ms. Ho Thi Hien, Chairwoman of the Members’ Council. Ms. Hien previously served as CEO of FLC Mining and Asset Management JSC (FLC GAB) and CEO of FLC Stone Mining and Investment JSC (AMD).
In 2023, the legal representative became Mr. Nguyen Van Hieu, Chairman of the Members’ Council. The company’s capital increased to 400 billion VND, with FLC holding 99% and Mr. Pham Tu Anh holding 1%.
The legal representative subsequently changed to several individuals, including Ms. Nguyen Thu Hien (General Director), Mr. Trinh Huy Linh (General Director and former FLC Faros Board Member), and Mr. Kieu Minh Binh (General Director).
Mr. Binh currently serves as the legal representative and Chairman of FLC Quang Binh Beach & Golf Resort LLC, a company wholly owned by FLC.
Thu Minh
– 18:07 13/01/2026
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