This year marks important progress in Vietnam’s golf infrastructure development. A notable project is the Trump Organization’s billion-dollar investment in Hung Yen province, featuring three world-class golf courses soon to be under construction. This project is set to reshape the region’s golf landscape. Additionally, the group’s expansion plans in other provinces reinforce faith in the sustainable growth potential of Vietnam’s golf industry.
It’s not just the “giant” Trump Organization that’s driving this progress. Support from the government and a stable economic backdrop are also key factors attracting investors to this sector. Infrastructure upgrades, the development of golf tourism, and a growing middle class have created a vast “playground” for golf course developers and related service industries.
PREMIUM GOLF FASHION – A “FAIRWAY” OPPORTUNITY FOR INVESTORS
In the promising landscape of Vietnam’s golf market, premium golf sportswear is emerging as an enticing sector.
According to Insights Consultancy, the global golf apparel market is expected to grow at a CAGR of 5.5%, expanding from a size of $9.5 billion in 2023 to $14.2 billion by 2030. In Vietnam, the demand for high-quality, fashionable, and prestigious golf attire is rising in tandem with the growth of the golfing community, presenting a significant opportunity for astute investors.
Among Vietnam’s golf fashion brands, MIPA GOLF, a South Korean brand, stands out for its impressive development. Entering the Vietnamese market in 2021, MIPA quickly gained favor among successful entrepreneurs and celebrities with its elegant, classy, yet youthful and dynamic designs.
MIPA GOLF focuses not only on premium materials and advanced technology for optimal comfort and performance during those 4-6 hour rounds, but also on blending sports fashion with everyday style and entrepreneurial flair. The brand is at the forefront of bringing the global “smart athleisure” trend closer to sports and fashion enthusiasts in Vietnam.
In its four years in Vietnam, MIPA GOLF has made a distinct impression on the elite with unique services such as “Private Fitting,” offering personalized golf wardrobe experiences at home, and “Private Appointment,” providing style consultations with Korean fashion experts. This success underscores the potential of the premium golf fashion market, where creativity and trend sensitivity can lead to substantial achievements.
The robust growth of the golf market, coupled with the initial success of brands like MIPA GOLF, underscores the enormous potential for premium golf sportswear in Vietnam. This presents a golden opportunity for domestic investors to consider entering the market, whether by distributing reputable international brands or developing indigenous Vietnamese golf fashion labels.
A “TEE OFF” CHANCE FOR DOMESTIC INVESTORS IN PREMIUM GOLF FASHION
Discover more about Mipa at: www.mipagolf.vn
“Vietnam: A Strategic Market, Captivating US Businesses.”
U.S. Secretary of Commerce, Howard Lutnick, commended Vietnam’s efforts and goodwill in negotiating the bilateral trade agreement. He emphasized, “Vietnam is an important and attractive market for American businesses.”
“Malaysian Businesses: Strengthen Your Bond with Vietnam, Says Prime Minister”
On the morning of May 25, during his working visit to Malaysia, Prime Minister Pham Minh Chinh attended the “Meet Vietnam – Malaysia Businesses” program, organized by the Ministry of Finance of Vietnam in collaboration with the Embassy of Vietnam in Malaysia and the Malaysia Chamber of Commerce and Industry.
Tightening Emissions Testing for Motorcycles
Motorcycles and scooters will need to meet Euro 2 emission standards to be allowed on the roads of Hanoi and Ho Chi Minh City from 2027 onwards.
Tightening Emissions Testing for Motorcycles and Scooters
Motorcycles and scooters will need to meet emission standards of Euro 2 and above to be allowed on the roads of Hanoi and Ho Chi Minh City from the year 2027 onwards.
“Prime Minister Calls on Businesses to Embrace Their Role as Connectors Within ASEAN and Between Vietnam and Malaysia.”
On the morning of May 25, as part of his working visit to Malaysia, Prime Minister Pham Minh Chinh attended a program titled “Meet Vietnam-Malaysia Businesses.” The event was organized by the Ministry of Finance of Vietnam, in collaboration with the Embassy of Vietnam in Malaysia and the Malaysian Chamber of Commerce and Industry.
