Vietnam's Ministry of Finance has submitted a proposal to Prime Minister Pham Minh Chinh seeking approval for a $2.16 billion luxury casino and resort complex in Van Don district, Quang Ninh province.
The project, spanning approximately 244 hectares, is designed to transform the region into a premier international tourism and entertainment destination.
The proposed development includes a high-end resort with integrated gaming facilities, aiming to host international events and attract both domestic and foreign tourists. Notably, the ministry has recommended that the Prime Minister approve a pilot scheme allowing Vietnamese citizens to participate in casino gaming at the venue, subject to strict compliance with existing laws and directives of the Politburo.
The project is planned to be executed in three phases: Phase 1 (2023–2027) with an estimated investment of VND25.1 trillion, Phase 2 (2027–2031) with VND22.08 trillion, and Phase 3 (2031–2032) with VND4.3 trillion. The total investment capital is VND51.5 trillion (approximately $2.16 billion), with VND7.7 trillion contributed by the investor and the remainder financed through bank loans.
A view of the Van Don - Mong Cai Expressway in northern Quang Ninh Province.
If approved, the casino project will have a maximum operational period of 70 years and a construction timeline not exceeding nine years from the date of land allocation. Over its lifespan, the Van Don casino complex is expected to contribute approximately VND228.9 trillion (around $9.67 billion) to the state budget, including VND134.3 trillion in corporate income tax and VND94.5 trillion in value-added tax.
Quang Ninh authorities believe the project will serve as a powerful driver of growth for the Van Don special administrative zone, enhancing its competitiveness, improving the investment climate, generating employment, and increasing state budget revenues. The proposal is currently under review, and if approved, the Van Don casino project could significantly bolster Vietnam's tourism sector and regional economic development.
