Quang Ninh Province has approved for FLC Faros Van Don Investment and Development Co., Ltd to invest in project of high-class entertainment and tourism service complex in Van Don Special Economic Zone , Van Don district, with total investment estimated at $ 2 billion.
If the project is approved by Quang Ninh Province in detail, the FLC will start implementation in Q2 / 2017. The total area of the project is about 4,000 ha, including 2,500 ha at Van Canh Island and 1,500 ha at Ngoc Vung.
According to the FLC, the project will include many resorts such as resort resorts, five-star hotels, international convention centers, golf courses, zoos, museums, community agriculture villages, Especially casino.
It is known that the government has agreed to build casino in Phu Quoc and Van Don. Projects that require investment of $ 2 billion or more are allowed to open casinos (a loosening of $ 4 billion previously).
In addition, the latest draft decree on casino business also allows Vietnamese people to play at the casino, but must meet conditions such as age 21 and up, full capacity civil acts. The monthly income is more than VND 10 million or subject to income tax of 3 rd or more.
With this regulation of the Government, the FLC’s Van Don project can be the place to welcome the first Vietnamese guests to play casino.
Currently, in Quang Ninh, FLC is one of the largest investors. This group is carrying out the project of Ha Long FLC with the area of 224ha, total investment of VND 3,400 billion, including leisure and recreational items such as 18-hole golf course, nearly 1,000 hotel rooms and 5 standard star villas, international conference center 1,500 seats.
In addition, FLC has recently approved the investment policy of twin towers in the headquarters of the People’s Council, the Party Committee and the Ha Long City Committee. Total estimated investment of more thanVND 2.800 billion.
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