Report submitted to PM on Quang Ninh's $2.18 billion casino proposal
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The proposed casino complex is expected to cover an area of 244.45 hectares in Van Yen commune, in Van Don district. Ahead of final approval from the prime minister, the ministry has assigned Quang Ninh People’s Committee to complete all related procedures to rezone the land set aside for the project.
In addition, Quang Ninh is also set to review the investment plan for the Van Don 1 project, a part of the Van Don casino complex, and evaluate its implementation in accordance with legal regulations.
After Quang Ninh People's Committee has completed these tasks, the project dossier will be eligible for submission to the prime minister for the final approval of the investment policy. If the PM approves the project by the end of the year, the province will then accept bids to select an appropriate investor.
The casino development is aimed at offering local and international visitors a luxurious entertainment and tourism area and is expected to make the province an attractive destination for international visitors.
The construction is set to last for nine years, from the fourth quarter of 2023 to the third quarter of 2032 and the complex would be expected to be in operation for 70 years.
According to the provincial administration, the project would help boost the province’s socioeconomic growth, entice foreign investors and tourists, beef up its competitiveness, and create jobs for local workers.
The project could potentially contribute around VND230 trillion ($9.5 billion) in tax to the state budget during its operation period. Of that total, corporate income tax would account for VND134.5 trillion ($5.5 billion), and the rest would come from VAT.
 | Localities still itch for new casinos despite losses Despite major casino operators suffering financial losses and legal creases not yet ironed out, there are still hopes for a resurgence and even new developers entering the frame. |
 | Ho Chi Minh City proposes to open casinos Ho Chi Minh City proposes to open casinos in hotels with at least 5-star standards to encourage the development of the evening and night economy. |
 | Pilot extension requested for Vietnamese people to play in casinos The Ministry of Finance has submitted a proposal to the government to seek permission from the Politburo to continue to allow Vietnamese people to enjoy the use of a set number of casinos. |
 | Government agencies increase casino surveillance The Ministry of Finance is asking casinos in Vietnam to equip their venues with a working camera system for it to properly supervise their operations. |
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