The Vietnamese Ministry of Finance is urging the country’s Prime Minister to relax the current regulations and to include investment schemes beyond ones involving casino gambling in the special administrative-economic zones or infrastructure projects connected to those zones when calculating the minimum capital an interested investor must allocate before being granted a certificate for such development projects.
According to information released by local news outlet VnExpress, the Finance Ministry said it believes its proposal, if adopted, could encourage investment into casino resort and infrastructure projects connected to the country’s special administrative-economic zones, especially in Van Don, which is said to be in a dire need of infrastructure improvements.
Van Don is a rural district in the Quang Ninh province in Northern Vietnam. Vietnamese developer Sun Group is currently building a casino resort in the district. The company is known to be among the largest real estate developers in the country.
Source: GMB / Casino News Daily
