Building new casinos in Vietnam is sold with all sorts of government roadblocks
For reasons uknown, in Asian and Russian countries, they like to zone off their casinos. Everything needs to be in a designated ‘economic zone,’ perhaps showing that many things in these national nations are not meant to make a ton of cash, at the very least not if they’re legal.
New Casinos on the Runway
Vietnam fits this mold, and legal gambling enterprises are still a fairly brand new concept there, as well as almost exclusively targeted at a foreign market, as locals are mostly barred from casino gambling. Now a high-profile Vietnamese businessman Dao 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 in the Van Don Administrative Economic Zone in Quang Ninh province within the northeast area of Vietnam. He also desires 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 here.
If he will get ‘er done, Tuyen would be one of only a handful of designers to crack the bureaucracy grid that has very long kept Vietnam lagging behind its brethren that are asian this arena. A huge sticking point for most casino investors has been the somewhat odd dictum by the Vietnamese government that a minimum of US$4 billion be devoted to any projected resort-casino plan; a numbe