Casino plan for Vietnam island
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Vietnam’s Phu Quoc Island will develop a complex of tourism, entertainment, and casino services in a pilot scheme that could spread nationwide, VietnamNet Bridge has reported. The government is now reported to be drawing up criteria for the multi-billion dollar investment projects.
Phu Quoc Island, an hour’s flying from Ho Chi Minh City, has a 150km coastline and has welcomed around 128,000 travellers during the first eight months of this year, up 8.33% year-on-year. The island is expected to earn VND26 billion (US$1.6 million) from tourism revenue in 2008.
However the scheme to develop Phu Quoc into a leisure paradise will aim to attract 2-3 million visitors a year. The scheme was first approved in late 2005 by the then Prime Minister, Phan Van Khai. However the provincial government also has now earned a conditional green light from the current central Government to develop casinos on the island.
Pham Vu Hong, head of the management unit in charge of investment projects in Phu Quoc, said that the island had so far given investment certificates to 21 projects worth a US$1.72 billion.
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