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Vietnam plans development of $2 billion casino, resort project in Van Don

November 28, 2023 Vietnam Casino & HotelIndustry Updates

In the northern Quang Ninh province’s Van Don district, a massive $2.18 billion casino and resort project has been proposed by Vietnam’s Ministry of Planning and Investment.

The intended location is 605.4 acres in Van Yen village, Van Don, and completion is slated for the third quarter of 2032, according to the submitted study.

The idea was initially introduced by the provincial government of Quang Ninh in late 2018, and it is one of many beachfront resort projects in Vietnam that are vying for licenses to operate casinos.

Notably, only enterprises with an investment capital of $2 billion or more would be eligible for a gaming license, according to Vietnam’s Ministry of Finance. The report has to be reviewed and approved by the prime minister.

Original story by: GGRAsia

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