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Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

Building new casinos in Vietnam includes a myriad of government roadblocks

For some reason, in Asian and Russian countries, they like to zone their casinos off. Every thing has to be in a designated ‘economic zone,’ perhaps indicating that many things in these countries aren’t meant to make a lot of cash, at least not if they’re legal.

New Casinos on the Runway

Vietnam fits this mold, and legal gambling enterprises remain a concept that is fairly new, as well as almost solely directed at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile Vietnamese businessman Dao Hong Tuyen, listed as a CEO to watch by the Japan Times wants to build a new casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province within the northeast area of Vietnam. He also desires to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be opening up there.

If he can get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for many casino investors was the significantly odd dictum by the Vietnamese government that a minimum of US$4 billion be dedicated to any projected resort-casino plan; a quantity that is pretty daunting for also

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