Vietnam-based real estate firm Vingroup plans to build a 19 trillion dong ($870m) casino resort project in Hai Phong, the third largest city in Vietnam.
The five-year project, which will start this year, will feature a golf course, an entertainment park, an eco-park and a cable car service in an area of more than 870 hectares (2,150 acres) on Vu Yen island. Reports said that the city authorities also want to add a casino, a five-star hotel, and a marina to the project.
The project will only cater to tourists visiting Hai Phong as locals are not permitted to gamble in Vietnam’s casinos. The project is expected to be completed in 2020 and would create thousands of part-time construction jobs and full-time jobs once the casino-resort goes live.
Vingroup has yet to confirm if it would be the project’s sole investor or if it would collaborate with other investors.