JavaScript is off. Please enable to view full site.

Ministry seeks approval for big-ticket Van Don casino complex in northern Vietnam

Ministry seeks approval for big-ticket Van Don casino complex in northern Vietnam

Thursday, November 23, 2023, 21:04 GMT+7
Ministry seeks approval for big-ticket Van Don casino complex in northern Vietnam
An artist’s impression of the Van Don casino complex project in Quang Ninh Province, northern Vietnam. Photo: S.G. / Tuoi Tre

Vietnam's Ministry of Planning and Investment has sent a report on appraisal linked to the Van Don casino complex project in northern Quang Ninh Province, to be built at a cost of nearly VND51.6 trillion (US$2.1 billion), to the prime minister and proposed the government leader pass it.

If the project is approved, the casino complex will be developed on an area of 244.45 hectares in Van Yen Commune under Van Don District.

While waiting for the green light from the prime minister, the ministry assigned the provincial administration to complete all related procedures to convert the use purpose of the forest land affected by the project.

After the prime minister approves the mammoth casino complex project by the end of the year, the province will hold a tender to select an appropriate investor.

The Quang Ninh Province administration said in a plan previously sent to the state appraisal council that developing a casino complex was aimed at offering local and international visitors a luxurious entertainment and tourism area.

The casino complex was expected to make the province an attractive destination for international tourists.

Work on the Van Don casino complex project was set to last for nine years, from the fourth quarter of 2023 to the third quarter of 2032.

The casino complex would operate for 70 years.

According to the provincial administration, the project would help boost the province’s socio-economic growth, attract foreign investors and tourists, beef up its competitiveness, and create jobs for local workers.

The project was estimated to contribute VND228.9 trillion ($9.7 billion) in tax to the state budget during its 70-year operation period.

Of the total, the corporate income tax would account for VND134.4 trillion ($5.5 billion), and the rest would come from the value-added tax.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tieu Bac - Bao Ngoc / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news