Vietnam’s Planning ministry is considering plans to build a $2.2bn resort in the celebrated tourist attraction of Van Don in the northern province of Quang Ninh, local news sites report.
Proposed by the People’s Committee of the province, the project would be developed in the Van Don Economic Zone in an archipelago of limestone islands some 30km east of the port of Haiphong.
It will be located in Van Yen village, where more than 240ha of land has been allocated for it.
As well as the casinos, there will be hotels, villas, and a range of leisure and entertainment options. The aim is to make an annual average post-tax profit of $336m.
It would be open to domestic gamblers. Most forms of gaming are illegal in Vietnam, apart from the national lottery and sports betting. However, nationals can now enter the country’s eight casinos if they can show a monthly income exceeding $449 and pay a $50 entry fee.
The next stage for the Van Yen scheme is for the government of Quang Ninh to stage a bidding contest for potential developers. If all goes to plan, work on the site will begin before the end of this year and the work will be fully complete in 2032.