Building new casinos in Vietnam comes with a myriad of government roadblocks
For whatever reason, in Asian and Russian countries, they like to zone off their casinos. Every thing has to be in a designated ‘economic zone,’ perhaps showing that a lot of things in these national countries aren’t meant to make serious cash, at the very least not if they’re legal.
New Casinos on the Runway
Vietnam fits this mold, and legal casinos are still a concept that is fairly new, and of course almost exclusively directed 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 create a fresh casino project via his Tuan Chau Groupand its US partners in the Van Don Administrative Economic Zone in Quang Ninh province within the northeast area of Vietnam. He also would like to get a gambling house going in Ha Long City on nearby Tuan Chau island, adjacent to a new marina that will be checking there.
If he could possibly get ‘er done, Tuyen would be one of just a handful of designers to crack the bureaucracy grid that has very long held Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for casino investors that are most has been the somewhat odd dictum by the Vietnamese government that the the least US$4 billion be focused on any projected resort-casino plan […]