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Vietnam has officially approved a huge new project a luxury casino and resort in Van Don, Quang Ninh province. This is one of the country’s biggest tourism and gaming projects ever, with an investment of over $2 billion. The plan was signed on June 27 by Deputy Prime Minister Tran Hong Ha. Once built, the resort could run for up to 70 years, becoming a long-term part of Vietnam’s economy.
A Mega Project in Van Don
The new resort will be built in the Van Don Economic Zone, on more than 244 hectares of land in Van Yen commune. Out of this, 182 hectares will be used for the main resort buildings, including:
- A world-class casino
- Luxury hotels
- Villas
- Entertainment areas
- Beautiful landscaped parks
However, 62 hectares of natural forest must be left untouched. This includes 38 hectares of protected forest and 24 hectares of production forest. These forest areas will be protected under Vietnam’s environmental laws and cannot be used for building.
How the Plan Came Together
The Ministry of Finance suggested this project in May 2025, after support from the Ministry of Planning and Investment in late 2023. In April 2025, the local government included the project in a list of lands open for public bidding to find the best investor.
Aiming to Attract Tourists from Around the World
The resort is designed to be a top-class destination that offers tourism, hospitality, and gaming. The goal is to attract high-end tourists and big international events. The casino will be one of the main attractions of the complex.
But there’s a catch. Vietnamese people may not be allowed to gamble at the casino. Although the Ministry of Finance has suggested letting locals join under a pilot program (like the one already running at Phu Quoc’s Corona Casino), the government has not yet approved it. Any such access will only be allowed after meeting all legal conditions.
Construction Plan: Built in 3 Stages
The entire resort will be built over three phases in nine years. The developer will invest about $302 million from their own funds, and the rest will come from loans. Here’s how the project will move forward:
- Phase 1 (2023–2027): $1 billion
- Phase 2 (2027–2031): $875 million
- Phase 3 (2031–2032): $170 million
If everything goes as planned, the resort could open its doors by 2032.
Jobs, Growth, and Economic Benefits
Once completed, the resort will create about 6,000 jobs. It’s expected to make around $312 million in yearly profits after tax. Over the 70 years of operation, the resort could contribute more than $9.6 billion in taxes. This includes corporate tax and value-added tax.
The government expects the project to break even in about 33 years. After all costs are recovered, the developers could see a final net profit of around $167 million. This shows how important the resort is for long-term growth in the area.
Worker Support and Local Facilities
The Quang Ninh Provincial People’s Committee will choose the developer through a bidding process. Meanwhile, the local Economic Zone Board will make sure workers have proper housing and community support. They are also planning sports and cultural areas for both locals and tourists to enjoy.
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