Vietnam prepares for airport and casino developments

A senior Vietnamese official has confirmed that he has asked local authorities to clear a site at the Van Don Economic Zone to prepare for an airport and casino-resort.
It is hoped the developments will boost tourism to Quang Ninh province, which is home to the World Natural Heritage site of Halong Bay.
“We haven’t decided who will be the investor in those projects. But whoever is chosen will have to start construction in April,” Nguyen Van Doc, Chairman of the Quang Ninh Provincial People’s Committee, told the Vietnam Investment Review.
This means permission for the investment certificates to develop the integrated casino and resort complex and the airport would need to be agreed by March.
The integrated casino and resort complex has attracted interest from Las Vegas Sands, Phoenix Macau Tailoi and Casinos Austria, all of whom have visited the province and studied the investment opportunities. Vietnam’s Tuan Chau Group in partnership with Australia’s ISC Corporation has submitted a plan including a $7 billion commitment to developing the project, VIR says.
South Korea’s Joinus Company Ltd has continuously expressed interest in investing into Van Don airport but has yet to apply for an investment certificate for the project.
Vietnam is currently reviewing the law to allow its citizens to gamble in casinos.