return icon Vietnamnet.vn

More casino projects in Da Nang, Khanh Hoa in the pipeline

Da Nang and Khanh Hoa have received support for their casino projects, but Binh Thuan has no support from the Ministry of Finance (MOF).

{keywords}

 

MOF’s latest report on casino business found that many localities and businesses want to develop new casinos. After considering the proposals, the ministry has asked the PM to allow the development of two projects.

One of them is located in a tourism site in Da Nang. The city in the central region now has one small casino – Silver Stores. It has been operating effectively with revenue from the casino business and payment to the state budget ranked third among casinos, after Ho Tram and Phu Quoc, the largest ones.

Though the city has potential to develop casinos, it still has no large-scale casino.

The second project is located in the service and tourism complex on Hon Tre Island of Nha Trang City.

According to MOF, the two projects have potential for development as they are in localities with advantages for tourism development, which attract foreign travelers and investors with powerful financial capability.

MOF believes that if the two casino projects can be developed, they would help form large-scale integrated service, tourism and entertainment complexes in line with the Politburo and Government’s guidelines in Announcement No 16 and Decree 03/2017/ND-CP.

In Khanh Hoa province, an integrated resort project – KN Paradise – registered by KN Cam Ranh, got permission from PM to develop a casino in Bai Dai of Cam Ranh Peninsula in Cam Ranh City. However, casino service has not been provided. If Khanh Hoa has one more casino project, according to MOF, it will help better satisfy the entertainment demand of foreign travelers.

While applauding the casino projects in Da Nang and Khanh Hoa, MOF has shown its disagreement with the project in Binh Thuan.

The ministry pointed out that Binh Thuan has witnessed growth in tourism recently, but the number of foreign travelers to the province is not high enough and travelers are mostly domestic ones. Meanwhile, the province still cannot satisfy the requirements in infrastructure (airports, seaports… etc) to attract foreign travelers.

There is a casino near Binh Thuan – Ho Tram Casino in Xuyen Moc district of Ba Ria –Vung Tau, which operates ineffectively compared with the investment scale.

The ministry has shown its disagreement with the proposal from Ho Tram Casino on allowing Vietnamese to go to the casino on a pilot program. In Dispatch 5132 dated October 25, 2017, the Politburo said Vietnam is not considering allowing Vietnamese to go to other casinos, except the ones approved under a pilot program.

There are nine operational casino projects nationwide. 

Luong Bang

New rules regulate prize-winning electronic games for foreigners

New rules regulate prize-winning electronic games for foreigners

The Government has issued Decree No. 121/2021/ND-CP on business in prize-winning electronic games for foreigners in Vietnam.

MORE NEWS

Hanoi looks to develop satellite cities

Hanoi is planning to develop satellite urban areas as part of an effort to widen local space and ease pressure from overcrowding in the inner city.

Film director Tran Van Thuy wins Grand Prize of Bui Xuan Phai Awards

Film director Tran Van Thuy won the Grand Prize of the 15th Bui Xuan Phai – For Love of Hanoi Awards during a ceremony held at the headquarters of the Vietnam News Agency (VNA) in Hanoi on October 6.

Vietnam sends 11 workers to WorldSkills Competition 2022

Eleven Vietnamese workers will participate in the WorldSkills Competition 2022 Special Edition which is being held in Europe and East Asia from September 30 to November 28, according to the Directorate of Vocational Education and Training.

VN underlines respect for territorial integrity in response to Ukraine-Russia conflict

Vietnam closely follows the developments surrounding the Ukraine-Russia conflict, spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang said during a regular press briefing in Hanoi on October 6.

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.

HCM City’s dengue fever deaths highest in decade

HCMC recorded some 25 deaths due to dengue by October 2, the highest in a decade, according to the HCMC Center for Disease Control.

Hospitality providers in Hanoi Old Quarter revive

Hospitality providers in Hanoi’s Old Quarter have been gradually recovering from the COVID-19 pandemic. Since March 15, most of them have so far been brought back to life.

After discovery of fake VietGAP-certification, 12 units under probe

After local media reported about vegetables with counterfeited VietGAP certificates, the Ministry of Agriculture and Rural Development (MARD) asked for a review of 12 certification units and threatened to strictly punish any violators.

Another three Vietnamese digital platforms qualify for being popularized

Vietnam is expected to maintain its seventh place in the number of new app downloads globally.

Foreign travel website suggests 10 best things when visiting Vietnam

Kayaking in the waters of picturesque Cat Ba island and taking a food tour to sample delicacies around Ho Chi Minh City are among the 10 best things to do in Vietnam, according to UK-based travel website Time Out.

Vietnam’s coconut kingdom protects organic coconut areas by biological methods

When the trend of consuming organic products is increasingly popular, the development of organic material sources has become an urgent requirement. Protecting these sources has become a great concern of producers in many countries around the world.

Electronics industry capacity must keep up with increased investment

Vietnam needs policies to enable the electronics industry to ready its supply chain as the country becomes ever more attractive for investment, Deputy Director of the Industry Agency under the Ministry of Industry and Trade Pham Tuan Anh said.

VN central bank shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.
back_to_top