{"id":777011415,"date":"2023-11-24T09:32:04","date_gmt":"2023-11-24T12:32:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011415"},"modified":"2026-04-22T15:17:54","modified_gmt":"2026-04-22T18:17:54","slug":"vietnamese-government-to-review-us2-18bn-casino-resort-plan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnamese-government-to-review-us2-18bn-casino-resort-plan","title":{"rendered":"Vietnamese government to review US$2.18bn casino resort plan"},"content":{"rendered":"\n

The project would have a target completion of Q3 2032 if approved.<\/p>\n\n\n\n\n\n\n\n

Vietnam.- Quang Ninh province has submitted a proposal for the development of a US$2.18bn integrated resort (IR)<\/strong> to the prime minister.\u00a0The project proposed for Van Yen village, Van Don district, spans 245 hectares and is expected to complete construction within nine years, culminating in the third quarter of 2032.\u00a0<\/p>\n\n\n\n

Operating under a 70-year tenure, it will be one of only two casinos that allow Vietnamese citizens to enter under a policy from 2016. With an initial capital outlay of VND51.55tn (US$2.18bn), the project anticipates an average annual after-tax profit of VND8.16tn. The break-even point is forecast at 32.8 years.\u00a0<\/p>\n\n\n\n

According to VN Express, over its projected 70-year lifespan, the IR would be expected to contribute VND228,000bn to the state budget and create approximately 6,000 jobs.\u00a0Gambling in Vietnam is illegal<\/a>\u00a0outside a handful of venues and is punishable with fines of between VND100m and VND50m (US$430 to US$2,150). Online gambling is prohibited.<\/p>\n\n\n\n

Ho Tram casino resort opening postponed<\/h2>\n\n\n\n

The opening of Ho Tram casino resort in Vietnam has been pushed back to 2027. Its the 11th delay for the US$4.23bn project in southern Vietnam. Initially granted a permit in 2008, the Ho Tram Project Company envisioned a development featuring a casino, a five-star hotel with 9,000 rooms, an 18-hole golf course, villas and a shopping area.<\/p>\n\n\n\n

According to VN Express, the company attributes delays to the enduring impacts of Covid-19, insufficient transport infrastructure connecting Ho Chi Minh City and Ba Ria, Vung Tau Province, the development site and bureaucratic challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project would have a target completion of Q3 2032 if approved.<\/p>\n","protected":false},"author":176,"featured_media":12937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Quang Ninh province has proposed a US$2.18bn integrated resort in Vietnam, targeting a Q3 2032 completion and operating under a 70-year tenure as one of two casinos permitting local citizen entry. Concurrently, the US$4.23bn Ho Tram casino resort faces its eleventh delay, pushing its opening to 2027 due to infrastructure, pandemic impacts, and bureaucratic hurdles. These developments highlight the complex regulatory and operational landscape for large-scale gaming projects in Vietnam.","focusai_entities":"Quang Ninh province, Ho Tram Project Company","focusai_location":"Vietnam, Quang Ninh province, Van Yen village, Van Don district, Ho Chi Minh City, Ba Ria, Vung Tau Province","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Quang Ninh IR Economics","query":"Given the 32.8-year break-even forecast and 70-year tenure, what specific capital market instruments and governance frameworks are being considered to de-risk the US$2.18bn Quang Ninh IR project for potential investors?"},{"label":"Ho Tram Operational Risk","query":"What specific regulatory compliance and infrastructure development strategies are being implemented to overcome the persistent delays impacting the US$4.23bn Ho Tram project, and what are the implications for its NGR projections?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777011415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011415","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011415"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011415\/revisions"}],"predecessor-version":[{"id":777040907,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011415\/revisions\/777040907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12937"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}