South Korean firm plans to build casino in Vietnam national park

TN News

Email Print

The Phong Nha-Ke Bang National Park in the central province of Quang Binh

South Korea's Zeta Plan and Investment Co. hopes to build a casino at the Phong Nha-Ke Bang National Park in central Vietnam.

Quang Binh Province authorities have suggested two locations to the company, Tram and Chay Lap Hamlets, which are located near the national park, the news web site reported Monday.

The park, which is more than 85,700 hectares, was named in UNESCO's world heritage list in 2003. 

Zeta plans to build a casino, hotel, and outdoor tourism attractions in an international amusement complex, according to the local authorities.

The project is estimated to cost more than US$4 billion.

According to a draft decree from the Ministry of Finance, to enter the casino business investors are required to have a registered capital of at least $4 billion and at least 10 years's experience in operating casinos.

Only five-star hotels or resorts are allowed to open casinos.

Investors will have to seek approval from a minimum of five ministries and other government agencies before their applications go to the prime minister. 

Casinos remain restricted areas since only non-Vietnamese can enter them.

There are four casinos in Vietnam, all of them are small and in the north.  

Like us on Facebook and scroll down to share your comment

More Business News