Vietnam’s Ministry of Planning and Investment has put forward an ambitious plan to build an integrated casino resort in Van Don Special Economic Zone. The potential facility is valued at $2.2 billion (almost 195 billion rubles), and if approved will be erected by the third quarter of 2032.
The project is the result of cooperation between the ministry and the People’s Committee of Quang Ninh Province, where the Van Don Economic Zone is located. The initiative was first mentioned by the region’s authorities in late 2018. The project is part of a broader strategy to establish coastal casino resorts.
СThe project will start by the end of this year.
Vietnam’s Ministry of Planning and Investment is optimistic about the potential impact of the project. If approved, the facility is expected to generate an average annual profit of 336 million dollars (29.8 billion rubles) after taxes. The break-even point is expected after 32.8 years of operation.
For the project to get the green light, the approval of Vietnam’s Prime Minister Pham Minh Chinh is required. If approved, construction could begin as early as next year.
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