A model of the Van Don casino project in Quang Ninh Province.
Planned for construction in Van Yen Commune, the Van Don casino project will cover approximately 244 hectares and have a maximum operational duration of 70 years. Construction is to be completed within nine years of land allocation.
Designed as a high-end resort and entertainment complex, the project aims to attract international events and position itself as a premier regional and global destination. Its central feature will be a casino operating under strict adherence to Vietnamese law.
Notably, the Ministry of Finance has recommended a pilot scheme permitting Vietnamese citizens to participate in casino gambling at the site, in accordance with existing legal regulations and Politburo guidelines.
The ministry also proposed that the Quang Ninh Provincial People’s Committee be authorised to select a qualified investor in compliance with laws on investment, land, bidding and other relevant regulations. Under a recent administrative reform, Van Don has been designated one of 13 provincial-level special administrative units nationwide.
According to the proposal submitted to the State Appraisal Council, total investment capital is projected at VND 51.5 trillion (approximately USD 2.16 billion), of which VND 7.7 trillion will be investor equity, with the remainder financed through bank loans.
The project will be developed in three phases: phase one (2023–2027): VND 25.1 trillion, phase two (2027–2031): VND 22.08 trillion, and Phase three (2031–2032): VND 4.3 trillion.
Quang Ninh authorities expect the project to serve as a key economic engine for the Van Don special administrative zone, enhancing its investment appeal, improving competitiveness, creating jobs and increasing State revenue.
Over its 70-year lifespan, the complex is projected to contribute approximately VND 228.928 trillion (approximately USD 9.67 billion) to the State budget, including VND 134.3 trillion in corporate income tax and VND 94.5 trillion in value-added tax.
