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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 comes with all sorts of government roadblocks

For some reason, in Asian and Russian countries, they like to zone their casinos off. Everything needs to be in a designated ‘economic zone,’ perhaps showing that a lot of things in these national nations are not meant to make a lot of cash, at the least not if they’re legal.

New Gambling Enterprises on the Runway

Vietnam fits this mold, and legal casinos continue to be a concept that is fairly new, and undoubtedly almost solely targeted at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile businessman that is vietnamese Hong Tuyen, listed as a CEO to watch by the Japan Times wants to build a brand new casino project via his Tuan Chau Groupand its US partners into the Van Don Administrative Economic Zone in Quang Ninh province in the northeast region of Vietnam. He also would like to get a gambling house going in Ha Long City on nearby Tuan Chau island, next to a marina that is new will be checking here.

If he can get ‘er done, Tuyen would be one of just a handful of developers to crack the bureaucracy grid that has long kept Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for casino investors that are most has been the significantly odd dictum by the Vietnamese government that the minimum of US$4 billion be committed to any projected resort-casino plan; a