{"id":27378,"date":"2022-02-18T12:45:39","date_gmt":"2022-02-18T15:45:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27378"},"modified":"2026-04-23T11:12:50","modified_gmt":"2026-04-23T14:12:50","slug":"vietnams-ministry-of-finance-backs-two-casino-projects","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnams-ministry-of-finance-backs-two-casino-projects","title":{"rendered":"Vietnam&#8217;s Ministry of Finance backs two casino projects"},"content":{"rendered":"\n<p>Vietnam\u2019s Ministry of Finance has given its support for casino projects in Da Nang and Nha Trang City&#8217;s Hon Tre island.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Vietnam.- <strong>Vietnam\u2019s Ministry of Finance (MOF) <\/strong>has asked the prime minister to allow the development of two casino projects, one in<strong> Da Nang<\/strong>, and another on Nha Trang City&#8217;s Hon Tre island. According to MOF\u2019s latest report, many localities and businesses want to develop new casinos, and these two projects, in particular, could potentially foster tourism growth.<\/p>\n\n\n\n<p><strong>Da Nang <\/strong>is a city in the central region that has no large-scale casino. There is now one small casino, <strong>Silver Stores<\/strong>, that has been operating effectively. Its payment to the state budget ranked third among casinos, reported Vietnamnet. The second project is located in the service and tourism complex on <strong>Hon Tre Island in Nha Trang City<\/strong>.<\/p>\n\n\n\n<p>However, the MOF has rejected a casino project in <strong>Binh Thuan<\/strong>, because it considers the province still cannot satisfy the infrastructure requirements to attract foreign travellers. It also notes there is a casino nearby \u2013 <strong>Ho Tram Casino <\/strong>in the Xuyen Moc district in <strong>Ba Ria \u2013 Vung Tau<\/strong>, which operates ineffectively considering the scale of investment.<\/p>\n\n\n\n<p>Now it is up to the prime minister to decide whether to approve the development of the two projects. Currently, there are nine operational casinos nationwide.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a href=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-reopens-borders-to-foreign-visitors\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-reopens-borders-to-foreign-visitors\" target=\"_blank\" rel=\"noreferrer noopener\">Vietnam reopens borders to foreign visitors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam\u2019s Ministry of Finance has given its support for casino projects in Da Nang and Nha Trang City&#8217;s Hon Tre island.<\/p>\n","protected":false},"author":226,"featured_media":17119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Vietnam's Ministry of Finance has formally recommended to the Prime Minister the approval of two new casino projects in Da Nang and on Hon Tre island in Nha Trang City, citing their potential to foster tourism growth. Concurrently, the MOF rejected a proposal for a casino in Binh Thuan due to insufficient infrastructure and the underperformance of a nearby existing facility, Ho Tram Casino, underscoring a strategic approach to market development and regulatory oversight.","focusai_entities":"Vietnam\u2019s Ministry of Finance, Silver Shores, Ho Tram Casino","focusai_location":"Vietnam, Da Nang, Nha Trang City, Hon Tre island, Binh Thuan, Xuyen Moc district, Ba Ria \u2013 Vung Tau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"PM's Approval Timeline?","query":"What is the anticipated timeline for the Prime Minister's decision on these casino projects, and what further regulatory or legislative steps would be required post-approval for licensing and operational commencement?"},{"label":"Investment & GGR Projections?","query":"What are the projected capital expenditure requirements and potential Gross Gaming Revenue (GGR) contributions for the proposed Da Nang and Nha Trang integrated resorts, and how do these compare to existing operational casinos in Vietnam?"}],"footnotes":""},"categories":[28,158,16334],"tags":[],"class_list":["post-27378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-slider-home","category-south-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27378"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27378\/revisions"}],"predecessor-version":[{"id":27403,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27378\/revisions\/27403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17119"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}