PM gives green light to project that includes casino and tourism, services, and entertainment areas.
The Office of the Government on January 17 announced that Prime Minister Nguyen Tan Dung has approved a tourism, services, entertainment and casino project on Phu Quoc Island, off the coast of the Mekong Delta’s Kien Giang province.
The PM appointed the Ministry of Planning and Investment (MPI) to be the supervisor and to coordinate with the Kien Giang Provincial People’s Committee to implement the project and collect opinions from concerned parties. MPI will prepare a plan on the casino business for submission to the government.
Under the plan for establishing a special economic zone (SEZ) on the island, the provincial people’s committee said a casino would be built on an area of 30,000 square meters with 200-400 tables and 2,000 gaming machines. An international conference center and a five-star hotel with 3,000 rooms will also be built. Investors wishing to invest in the project must have capital of at least $4 billion.
Phu Quoc Island is the largest in Vietnam, with a total area of 574 square kilometers and a permanent population of some 85,000. Many other projects are now underway, such as Phu Quoc Airport and An Thoi Seaport. A range of olicies are in place to attract investors, both foreign and domestic, providing support and incentives.
In September last year the government recognized Phu Quoc Island as a second-level urban area. The government’s main goal is to turn it into a large SEZ and an international center for ecotourism, resorts and entertainment.