The project boasts an impressive scale, spanning over 240 hectares with a minimum investment capital of 2 billion USD. The investor will be granted a term of up to 70 years from the date of receiving the investment registration certificate.
This project is strategically located in Van Yen, Van Don District, Quang Ninh Province. The investor is expected to complete the project within 9 years from the date of being allocated or leased the land for project implementation.
A natural forest area of 62 hectares within the project site will be preserved in its original state and managed in accordance with forestry laws and other relevant regulations.
The project aims to develop a premium integrated resort and entertainment complex, featuring international-standard event venues and a world-class casino. It is envisioned to become a globally attractive destination, offering a range of business activities permitted under casino operating conditions.
The project spans over 240 hectares with a minimum investment of 2 billion USD.
The Ministry of Finance has proposed to the Prime Minister for approval of a pilot program to allow Vietnamese people to enter and gamble in casinos, following the guidance of the Politburo. The duration of the pilot program and casino business conditions will comply with the applicable laws on casino business operations.
Regarding the investor selection process, the Ministry of Finance suggested that the Prime Minister authorize the People’s Committee of Quang Ninh Province to determine the investor selection method, ensuring compliance with the Law on Investment, Bidding Law, and other relevant legal regulations.
According to the recently approved scheme for the arrangement and administration of administrative units at all levels and the model of local government with two administrative levels, Van Don District will be one of the 13 special administrative-economic units nationwide under provincial management.
In late April, Quang Ninh Province issued a list of land plots to be auctioned for selecting investors, including the project of a high-class complex of tourism and entertainment services in Van Don Economic Zone.
Previously, Quang Ninh estimated that the Van Don casino complex would contribute approximately VND 229 trillion (over USD 9.6 billion) in taxes to the state budget during its 70 years of operation.
VinFast Supplier Conference: Aiming for 80% Localization, Targeting 1 Million Vehicles per Year
VinFast is proud to be partnering with almost 700 domestic businesses to source components, materials, and equipment for its manufacturing operations. This extensive network of local suppliers is a testament to VinFast’s commitment to supporting the Vietnamese economy and fostering a robust automotive industry in the country. By working closely with these businesses, VinFast is not just assembling cars but also building a strong foundation for the future of Vietnam’s automotive sector.
“Vietnamese Frozen Durian Exports to China: A Swift and Successful Negotiation”
“Just two days after the meeting between the Vietnamese Ministry of Agriculture and Environment and the General Administration of Customs of China, Vietnam exported its first batch of frozen durians to China. This marks a significant step forward in the trade cooperation of agricultural products between the two nations.”
The Central Inspection Commission: Disciplinary Action and Recommendations for Officials
On May 29, in Hanoi, the 56th meeting of the Central Inspection Commission was held, chaired by Politburo member, Secretary of the Party Central Committee, and Head of the Central Inspection Commission Nguyen Duy Ngoc.
The Sun Group Creates a “Miracle” in Cat Ba with a Series of Unique Experiences
In a short span of time, Cat Ba Island has undergone a remarkable transformation, offering a range of unique experiences that rival any other country in terms of entertainment and artistic standards.
The Taste of Ha Giang Tea – From Mountain Peaks to Global Heights
In the opulent setting of the Pan Pacific Hanoi, a 5-star hotel, the delicate aroma of ancient Shan Tuyet tea leaves wafted through the air, signaling the commencement of a unique event: a tea dialogue titled “Ha Giang Tea: From Mountain Peaks to Global Heights.”
