The Vietnamese Ministry of Planning and Investment has submitted a report to the Prime Minister for a $2.18bn integrated resort in the Van Don Economic Zone.
According to a report by VNExpress, the project will have an initial capital of VND51.55tn ($2.18bn) and should be completed by the third quarter of 2032, spanning less than nine years of construction. Once approved, it will operate for a duration of 70 years.
The People’s Committee of Quang Ninh has proposed to build the complex, a premium tourist destination with hotels and resorts, on a 245-hectare site in Van Yen village, Van Don district.
Van Don is a 2,200sq.kmStrategic Administrative Economic Zone in northern Vietnam, with over 43,000 hectares of land spread over 30 islands and across the Elephant River Valley.
The casino will be one of only two in Vietnam permitted to serve Vietnamese nationals, a policy enacted in 2016.
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