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

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Building casinos that are new Vietnam includes all sorts 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 showing that a lot of things in these nations aren’t meant to make lots of money, at the least not if they’re legal.

New Casinos on the Runway

Vietnam fits this mold, and legal casinos remain a fairly new concept here, and undoubtedly almost solely aimed 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 within the northeast region of Vietnam. He also wants to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a marina that is new will be checking there.

If he will 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 brethren that are asian this arena. A huge sticking point for most casino investors happens to be the notably odd dictum by the Vietnamese government that a the least US$4 billion be committed to any projected resort-casino plan; a number that is pretty daunting for Continue reading Red Tape Could Stall Developer Who Wants to Build Casinos in Vietnam

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