Introduction to the Van Don Integrated Casino & Tourism Complex
The Vietnamese developer Sun Group has announced that its highly anticipated casino and resort project in Van Don, Quang Ninh Province, will be fully operational by 2032. This project represents one of the largest hospitality ventures in the country’s northern region, with an estimated investment of over $2 billion.
Project Overview
The Van Don Integrated Casino & Tourism Complex is situated within the Van Don Economic Zone and will span approximately 245 hectares, most of which is forest land, with one side opening to the sea. The project has already been granted approval in principle by Vietnam’s Prime Minister and local authorities. Sun Group’s subsidiary, Van Don JSC, is responsible for the development of this massive project.
Location and Size
The complex will be built on a large area of land, with a significant portion being forested. The location offers a unique blend of natural beauty and access to the sea, making it an attractive destination for tourists.
Gaming and Entertainment
The resort’s casino will be a major attraction, with 214 gaming tables and 2,140 slot machines. What’s unique about this casino is that it will permit Vietnamese citizens to participate in gambling activities under a tightly managed regulatory framework. This is a significant expansion of the government’s pilot program, which was previously tested at Phu Quoc’s Corona Resort & Casino.
Facilities and Amenities
The development will include luxury hotels and resorts, modern office buildings, a museum, art venues, and entertainment facilities designed for international-scale performances and cultural showcases. The company describes the project as a blend of “leisure, hospitality, and cultural experiences” aimed at both foreign visitors and Vietnam’s expanding middle class.
Economic Impact
The Van Don resort has been licensed for a period of up to 70 years and is expected to generate more than $9.6 billion in revenue contributions. It is also expected to create around 6,000 new jobs, providing a major boost to the local economy. The investment will be financed through a combination of investor equity, loans, and mobilized capital.
Job Creation and Revenue
The project is expected to have a significant impact on the local economy, with thousands of new jobs being created. The revenue generated by the resort will also contribute to the growth and development of the region.
Construction and Timeline
The development will unfold in three phases, with investments divided as follows: the first stage requiring $964 million, the second $849 million, and the final phase $165 million. Completion of all stages is scheduled for the second quarter of 2032. The project’s backers have insisted that environmental regulations will be strictly followed, given the sensitive nature of the mostly forested site.
Environmental Considerations
The construction of the resort will be carried out with strict adherence to environmental regulations, ensuring that the natural beauty of the area is preserved.
Conclusion
The Van Don Integrated Casino & Tourism Complex is a highly anticipated project that is expected to become one of Vietnam’s most ambitious integrated resorts. With its unique blend of gaming, entertainment, and cultural experiences, the complex is expected to attract not only international tourists but also affluent Vietnamese seeking high-end leisure experiences. The project is expected to have a significant impact on the local economy, creating thousands of new jobs and generating billions of dollars in revenue. As the project moves forward, it will be exciting to see the development of this massive resort and its potential to become a major destination in Vietnam.
