Vietnam is advancing its plans for a major $2 billion casino and tourism complex in Quảng Ninh Province, aiming to create a leading destination for international tourists and significant events. The country’s Ministry of Finance has recommended that the Prime Minister approve the project, which is intended for Vân Đồn District and has a proposed operational term of 70 years.
**_Vietnam is progressing with its plans for a significant $2 billion casino and tourism complex in Quảng Ninh Province, aiming to establish a premier destination for international visitors and large-scale events._**
Once approved, the proposed complex will cover about 244 hectares and include luxury hotels, entertainment facilities, and gaming zones, encapsulating all amenities in one extensive area. The development is expected to unfold in three phases over nine years, with funding provided by investor finance and bank loans.
A notable change in operational policy is also being considered by the Ministry, which involves allowing Vietnamese nationals to participate in gambling under a pilot scheme. Currently, local access to casino services is strictly limited. However, a prior experimental program allowed local gambling, which concluded in late 2024. This upcoming initiative would be regulated by strict legal frameworks and government oversight.
The responsibility for selecting investors and overseeing the overall project management, ensuring adherence to all legal and land-use requirements, will be assigned to the Quảng Ninh provincial authorities.
The establishment of this casino complex is expected to significantly enhance Vietnam’s economic landscape by creating jobs, improving infrastructure, and generating substantial tax revenues. Over its 70-year lifespan, the project is projected to yield nearly $9.7 billion in taxes and additional financial benefits.