The name of the investor that will be given the permission to build an integrated resort in Quảng Ninh, is expected to be announced anytime soon.
The Committee, which is in charge of choosing the investors for both the Van Don airport and the casino complex, have to make their final decision soon because in less than two months, the construction of the two properties is scheduled to start.
The Chairman of the People’s Committee of Quảng Ninh Province, Nguyen Van Doc, announced that authorities have already been informed about the upcoming construction of the properties and they were asked to take care of clearing the site.
Mr. Doc said that regardless of the company chosen for completing the projects, the building procedures have to be started no later than April which therefore, means that all certificates and permissions necessary have to be acquired by March.
Actually, the construction of the two properties is to be really important for improving the economy of the area. The airport is considered a significant project which will play a critical role in the infrastructure matters, while the casino resort will boost the tourism sector.
Generally speaking, the area is already popular among tourists as the World Natural Heritage is located here but it still needs some further development.
South Korean company known as Joinus Company Ltd was among the investors willing to complete the Van Don airport.
The Prime Minister Nguyen Tan Dung discussed the opportunity for shortlisting Joinus Company Ltd as a “potential investor” but company’s officials did not obtain an investment certificate.
A few weeks ago, the People’s Committee of Quảng Ninh Province asked Joinus for confirmation about their interest in staring the airport project due to the fact that company’s executives did not seem to take adequate actions towards dealing with the paperwork and starting the building procedure.
As for the establishment of the integrated casino and complex, several prominent investors announced that they want to complete the project. The reason for the exclusive interest towards the casino, that is to be established on Vietnamese soil, was the presumption that the government might eventually lift the ban that is currently restricting residents from entering such premises.
Representatives of Phoenix Macau Tailoi, Las Vegas Sands and Casinos Austria visited Quảng Ninh with the aim of studying the benefits such a project could potentially bring to their companies.
However, the investor that expressed most keen interest in being given the opportunity to establish a casino venue was the Vietnamese company Tuan Chau Group. Its officials have already put forward a proposal and if given the nod, they would invest $7 billion.
Yet, Tuan Chau Group will have to face a tough competition since another company has also submitted a proposal. Sun Group, which is the owner of Ba Na Hills and Son Tra Intercontinental Resort, is willing to invest in both an airport and casino project.
