Relocation should assist in attracting investors to casino project on the island.
Prime Minister Nguyen Tan Dung has officially approved the relocation of the site for a future casino project on Phu Quoc Island, off the coast of the Mekong Delta’s Kien Giang province.
The site available for the casino will move from one in Bai Thom commune to one in Gianh Dau commune.
The Ministry of Construction (MoC) previously proposed a change in location to the government, saying the site in Gianh Dau commune, which is close to Vinpearl Resort Phu Quoc, would be more favorable for efforts to call for investment in the casino project.
The Prime Minister also approved plans for a cable car from An Thoi town to Hon Thom Island and plans for a tourism complex and golf course on an area of 2,090 hectares in Cua Can commune.
The casino is a part of the project for tourism, services, and entertainment development on Phu Quoc, which was given the green light by the government earlier this year.
It will be built on an area of 30,000 sq m with 200-400 tables and 2,000 gaming machines. An international conference center and five-star hotel with 3,000 rooms will also be built. Investors wishing to invest in the casino project must have capital of at least $4 billion.
Phu Quoc Island is the largest in Vietnam, with a total area of 574 sq km and a permanent population of some 85,000. Many projects are now underway, such as Phu Quoc Airport and An Thoi Seaport. A range of policies are in place to attract investors, both foreign and domestic, providing support and incentives.