Vietnam casino develops the region

The upcoming inauguration of Vietnam’s casino would help boost the regional economy.

Vietnam.- Hoiana casino in Quan Nam province of Vietnam is expected to boost the regional economy by innovating the market and offering several job positions to residents. During its first phase, which is estimated in an initial investment of US$4 billion, the gaming venue would create 2000 job positions.

The Hoi An South Development Co Ltd’s expected casino in Vietnam’s central coast is a joint project also developed by renowned local companies Suncity Group; Vietnam-based asset management firm VinaCapital Group; and a subsidiary of Hong Kong-based Chow Tai Fook Enterprises Ltd.

The project would “set a new benchmark for high-end tourism in Vietnam, bringing economic prosperity and opportunity to Quang Nam province,” Amy Do, the project firm’s head of business development was quoted in the release as saying.

The press statement highlighted the project developer’s commitment to establishing the “hospitality school”, to train employees not only for the Hoiana project, but also for other tourism businesses in the economically developing region. The statement did not specify the timetable for setting up such facility.

Furthermore, the Ministry of Finance issued the Circular No 102/2017/TT-BTC, which guides a number of articles on casino business that take effect on December 1. Among the new regulations, Vietnamese people will be able to gamble in local facilities.

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