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Tuesday, 1 July 2025
Online Casinos

Vietnam Greenlights $2B Van Don Casino Resort

Vietnam Greenlights B Van Don Casino Resort

Central government of Vietnam Has formally approved Long -awaited development Of an integrated resort in Van don special economic fieldPart of Quang Ninh ProvinceThe purpose of the project is to attract Foreign and domestic touristsIncrease the local economy, and elevate the Vietnam’s profile in the regional casino and luxury tourism scenario.

Resort is a new chapter for Vietnam’s gambling sector

Van Don Casino Project, with its estimated minimum investment requirement $ 2 billionWill capture more than 244 hectares On the northeast coast of Vietnam. It will be a facility Casino on a large scaleHigh-end hotel, a group of beachfront villas, and an exciting selection of water-based holiday activities. According to local news outlet VnexpressThe site will balance between development and nature conservation.

Quang Ninh Provincial Officers must first select Suitable investor, Earlier report Indicated that the chosen financial partner should contribute personally $ 296 millionWhile banks will supply loans or other private sources remaining capital. Once approved, the resort will work on one 70 years licenseOfficials estimate that construction will take about nine years.

The Vietnamese government has high expectations for the project, guessing that this average post-tax will generate benefits Vnd 8.16 trillion ($ 312 million) annually. During your estimated operating life, the integrated resort will contribute total Vnd 228 trillion ($ 8.72 billion) Create more for Vietnamese State Budget 6,000 Direct job opportunities.

The site will welcome local people and foreigners

In particular, the van Don Casino will be one of some places in Vietnam where there will be local people Perform gamblingPending final policy approval. Ministry of Finance Supporting a pilot scheme will allow Vietnamese citizens to legally participate in casino gaming Rigid regulatory termsThe current law usually prevents citizens from gambling on most licensed facilities.

The time of the project comes when the Vietnamese officials increased the investigation Financial offenses weaknesses In the gaming sector. Despite the revised 2023 Anti-Money Laundering Act, United Nations Office on Drugs and Crime Warned that there is a lack of enforcement equipment. Authority highlighted the interval of cross -border information sharing and A limited capacity For supervision Organized offense Syndicates.

By adding urgency, Vietnam is also facing increased competition From his neighbors, especially Thailand, which is Actively considering To liberalize your casino area. Moving forward to draw quickly with regional contestants Large -scale investmentHard work is done to speed up development without compromising Vietnamese MLAs Regulatory integrityThe van don project directly responds to these issues, possibly providing a blueprint for additional large -scale entertainment areas.

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