Massive $2.2 Billion Casino Project Set to Break Ground in Northern Vietnam

The Vietnamese Ministry of Planning and Investment has submitted a proposal for the development of a $2.18 billion integrated resort in the Van Don Economic Zone in northern Vietnam, which will include a casino open to local gamblers. The resort, known as Van Don Casino, is expected to be completed by the third quarter of 2032 and is set to be located in the Van Yen village in Van Don District. The project will cover 600 acres of land and will offer a range of facilities, including luxurious hotels, casinos, and leisure and entertainment amenities.

The People’s Committee of Quang Ninh has endorsed the construction of the complex, which is intended to be a premium tourist destination. Following its 2032 launch, the integrated resort is projected to generate an average annual profit of VND8.16 trillion ($336.2 million), according to Asia Gaming Brief.

This move marks the second casino in the country that will allow native Vietnamese citizens to engage in gambling activities. The policy was introduced in 2016, with a trial period allowing local adults who earn at least $430 per month to wager alongside foreign tourists at the Corona Resort and Casino on the southern island of Phu Quoc. During the trial period, local gamblers were required to have a clean criminal and social security record to obtain a $1,000 monthly gambling permit.

The Van Don Casino awaits approval from the Prime Minister to commence construction, and it is among several coastal casino projects waiting for approval for casino operations in Vietnam. The Ministry of Finance has set a $2 billion investment capital requirement for operators to be eligible to apply for an operator license, a requirement that Van Don Casino has met. Once approved, the integrated resort is expected to provide local Vietnamese citizens with a gambling experience previously prohibited for natives.