Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates


Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

Vietnam greenlights $4.2-bln casino-resort in south   2008-05-23 - AFP

 
   
Vietnam has given the go-ahead for a Canada-based casino and resort group to build a US$4.2-billion tourism complex in a southern beach area near Ho Chi Minh City, the government said Thursday.

 

 

Asian Coast Development (Canada) Ltd., or ACDL Group, has received the green light for the Ho Tram Strip project in the seaside province of Ba Ria-Vung Tau, located east of Vietnam’s southern hub.

The ground-breaking ceremony Saturday will be attended by former Canadian Prime Minister Jean Chretien, who is currently visiting the Southeast Asian country, said a report on the official government website.

ACDL Group says on its website that it plans to develop “a five-star coastal paradise consisting of casinos, five stunning resorts, and a gorgeous 200-acre golf course set on the white-sand beaches of Vung Tau Town.” The first phase of development would include two five-star hotels with 2,300 rooms and “Vietnam’s first Las Vegas-style casinos.”

The 160-hectare complex will also include a resort area, conference and exhibition center, a shopping mall, restaurants and entertainment facilities, said the Vietnam Chamber of Commerce and Industry in an online report.

Vietnam bans gambling for locals, but allows foreign tourists to engage in such betting activities.

Construction of the project is scheduled to start in the second half of 2008 and be completed by 2011, according to ACDL Group’s website.




Other news

Gold makes a comeback on higher oil, anemic dollar   2008-05-23

Fishing for improvements   2008-05-23

Gloomy economic picture keeps market on downtrend   2008-05-23

HSBC links ATM networks with Vietnamese bank   2008-05-23

Airport to get nearly 1 billion USD makeover   2008-05-22

Autopetro exposition opens in HCM City   2008-05-22

Robusta coffee declines on Vietnam supply concerns   2008-05-21

Nothing seems to be able to stop the slide   2008-05-21

Vietnamese, US firms cooperate in e-trade   2008-05-21

Fruit sales rise on higher quality   2008-05-21

Rice exporters hope to sell beyond ban   2008-05-21

High interest rates may make banks ‘unprofitable’   2008-05-21

Capital jumping from stock market to banks   2008-05-21

Prime Minister Orders Tight Lid on Credit   2008-05-21