Vietnam has approved a major integrated resort and casino project in Quang Ninh’s Van Don district, valued at around US$2 billion, according to the Hanoi Times.
Deputy Prime Minister Tran Hong Ha signed off on the investment policy on 27 June under Decision No. 1395.
Spanning 244 hectares, the development will include a pilot casino accessible to Vietnamese nationals, as well as hotels, villas, shopping areas, conference facilities, and entertainment zones. Construction is expected to take up to nine years after land handover.
Once operational, the resort is projected to generate an annual net profit of VND4.35 trillion and a post-tax profit of VND8.2 trillion. It is forecasted to recoup its investment in 32.8 years and contribute VND228 trillion to the state budget over a 70-year lifespan.
The Quang Ninh provincial government will oversee investor selection and ensure compliance with financial, social, and legal standards. Project progress depends on land clearance, environmental approvals, and compliance with relevant land, forest, and water use regulations.
Van Don is emerging as a major coastal economic and tourism hub, supported by key infrastructure such as Van Don International Airport, Ao Tien Port, and the Ha Long-Van Don-Mong Cai Expressway, which enhance links to northern Vietnam and nearby China.
The planned resort development is set to create close to 6,000 jobs and is anticipated to play a pivotal role in turning Van Don into a leading destination for luxury marine and island tourism by 2030.
