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Clarifying the selection of investors in the billion-dollar casino project in Van Don

VietNamNetVietNamNet23/11/2023


Pilot program for Vietnamese to play casino

The Ministry of Planning and Investment (MPI) has just reported to the Prime Minister the results of the appraisal of the project dossier for a high-end complex tourism service area (Van Don casino complex) in Van Don Economic Zone, Quang Ninh province and proposed to approve the project investment policy.

This is a new appraisal report because the project dossier proposed by the Quang Ninh Provincial People's Committee in the submission in January 2023 is different in terms of location, land use scale, and investment capital compared to the project dossiers that the Ministry has appraised and reported to the Prime Minister in previous official dispatches.

According to the latest proposal of the People's Committee of Quang Ninh province, the Van Don casino complex is implemented in Van Yen commune, Van Don district with a land use plan of 244.45 hectares. The land use period is 70 years from the date of land allocation. Of which, the project implementation area is 182.37 hectares, the natural forest area in the plan is 62.08 hectares.

This forest land area located within the project implementation scope, according to Quang Ninh province, will be kept in its current state and managed according to forestry law.

Total investment capital is more than 2.1 billion USD (excluding compensation, support and resettlement costs).

Project construction investment period is 9 years from the fourth quarter of 2023 to the end of the third quarter of 2032.

van don vietnamnet.jpeg
A corner of Van Don seen from above. (Photo: MN)

Quang Ninh said the project's goal is to build a high-end resort, entertainment and reward complex, organize international-class events, and become an attractive destination in the world . The main activities are casino business, real estate business, tourism services, hotels, resort villas, etc.

According to the Ministry of Planning and Investment, the implementation of a casino project in Phu Quoc (Kien Giang) and this pilot project to allow Vietnamese people to play in casinos has been approved in principle by the Politburo.

Investor selection

Regarding the selection of investors, the Ministry of Planning and Investment said that the project is subject to both bidding to select investors using land in accordance with the provisions of the law on bidding and auctioning of land use rights in accordance with the provisions of the law on land.

In order to have a basis for determining the selection of investors in the form of bidding to select investors as proposed by the People's Committee of Quang Ninh province, the province needs to clarify the inability to meet the conditions for auctioning land use rights in Clause 1, Article 119 of the Land Law.

From there, the Ministry of Planning and Investment proposed that the Prime Minister assign the People's Committee of Quang Ninh province to clarify this matter.

In addition, the Ministry also proposed assigning Quang Ninh province to complete the dossier on forest use purpose conversion, review to ensure the accuracy of the proposed forest area for conversion, and submit it to the competent authority for decision on forest conversion.

At the same time, review the decision to approve the investment policy and monitor and evaluate the implementation of the Van Don 1 complex project in accordance with the provisions of law on investment, land and related laws.

After the People's Committee of Quang Ninh province completes the above contents, the project dossier is eligible to be submitted to the Prime Minister for approval of the investment policy.

Quang Ninh cancels decision to approve the investment policy of Sonasea Van Don super project, phase 2. After reviewing and comparing the project's investment policy with the approved detailed planning adjustment, the land use area, scale, and project implementation boundary are no longer suitable...
Report to the Prime Minister for consideration of investment proposal for casino project in Van Don

The Ministry of Planning and Investment has just sent a document to the Prime Minister reporting on the investment policy of the Van Don high-end entertainment resort complex (Quang Ninh), including casino investment and a pilot program for Vietnamese people to play.

Behind schedule, the billion-dollar Ho Tram super project requested adjustment for the 11th time . Compared to the required schedule to complete the project in 2014 as stipulated in the first investment certificate in 2008, the project has been adjusted by 11 years, but Ho Tram Project Company Limited has not yet made progress as committed.


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