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

Building new casinos in Vietnam is sold with all kinds of government roadblocks
For some reason, in Asian and Russian countries, they like to zone off their casinos. Everything needs to be in a designated ‘economic zone,’ perhaps indicating that a lot of things in these national nations aren’t meant to make a lot of cash, at the very least not if they’re legal.
New Gambling Enterprises on the Runway
Vietnam fits this mold, and legal casinos are still a fairly new concept here, and of course almost solely 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 look at 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, next to a marina that is new will be opening up there.
If he can get ‘er done, Tuyen would be one of just a handful of designers to crack the bureaucracy grid that has long kept Vietnam lagging behind its Asian brethren in this arena. A huge sticking point for many casino investors has been the notably odd dictum by the Vietnamese government that the the least US$4 billion be committed to any projected resort-casino plan; a number that is Continue reading