Vietnam’s Ministry of Finance has re-submitted a proposal to the Prime Minister for the development of a Van Don casino plan, after more than a decade-long delay since the idea was approved by the country’s Politburo.
According to a report by VnExpress International, the Van Don casino plan is described as a VND51.5 trillion ($2.16 billion) luxury casino and resort complex in Quang Ninh province.
The proposed site is located in Van Yen commune, Van Don district, near the iconic Ha Long Bay, a UNESCO World Heritage Site.
The investment policy, currently under review by Prime Minister Pham Minh Chinh, outlines a large-scale, multi-phase integrated resort.
Documentation submitted to the State Appraisal Council shows that VND7.7 trillion ($297 million) of the total investment would come directly from an investor, with the remainder financed through bank loans.
Source: Asia Gaming Brief
