Sun Group selected as investor for US$2bn casino project in Van Don, Vietnam
The casino complex would be located in the northeastern province of Quảng Ninh.
Vietnam.- Sun Group has announced it has been selected by the People’s Committee of Quang Ninh Province as the investor for the Van Don Integrated Casino and Tourism Complex. The decision follows approval in principle earlier this year by the prime minister.
The US$2bn resort would be located on 244 hectares of land in Vạn Yên Commune in the northeastern province of Quảng Ninh. Construction is expected to take up to nine years from when land is allocated, and the casino could operate for up to 70 years.
“This milestone comes after years of planning and consistent efforts by provincial authorities to call for investors with both capability and vision to take part in such a transformative project. Following a strict evaluation process to ensure competitiveness, transparency, and compliance with laws on investment, land, and bidding, Sun Group was ultimately selected,” the company said.
The complex will have a casino, high-end hotels and resorts, condotels, shopping, large-scale convention and exhibition halls, international-standard sports and recreation facilities and wellness, health care and entertainment.
Nguyen Quang Huy, chairman of Sun Group Northern Region, said: “We are honoured to have been entrusted with this landmark development. Sun Group pledges to mobilise our full resources and apply the highest standards of planning, architecture, and operations in order to deliver an integrated tourism and entertainment complex that fully reflects the historic potential of Van Don and the extraordinary heritage value of Quang Ninh.
We believe this project will create unprecedented experiences for guests, while making a significant contribution to Quang Ninh’s economy and driving the Van Don Economic Zone forward to become a new benchmark of tourism and entertainment in Vietnam.”
