Vietnam: Quang Ninh Province approves Sun Group as official investor for Van Don project
US$2bn development to feature casino, hotels and large-scale leisure facilities.
Key points:
– Sun Group approved as investor for Van Don Integrated Casino and Tourism Complex
– Development worth over US$2bn, covering more than 244 hectares
– Project to include luxury casino, hotels, convention space and entertainment facilities
The People’s Committee of Quang Ninh Province has confirmed Sun Van Don Joint Stock Company, a subsidiary of Sun Group, as the official investor for the Van Don Integrated Casino and Tourism Complex. The decision follows approval in principle earlier this year by the Prime Minister.
The project is designed as Vietnam’s first pilot integrated casino complex for Vietnamese citizens and will span 244.45 hectares within the Van Don Economic Zone. With a total investment of more than US$2bn, it will operate for up to 70 years and is scheduled to take nine years to complete from the allocation of land.
The master plan outlines a large-scale resort combining a luxury casino with high-end hotels, residential units, convention halls, sports and recreation areas, wellness centres and shopping districts. The complex will also host cultural shows, international performances and a wide range of entertainment options designed to attract both domestic and overseas visitors.
The initiative is expected to strengthen Van Don’s role as an economic and tourism hub in northern Vietnam, aligning with provincial plans to transform the region into a global destination for leisure and investment. The integrated resort is positioned as a key driver for the Van Don Economic Zone, contributing to long-term growth and diversification beyond traditional industries.
Good to know: The project marks the first time Vietnamese citizens will be allowed to participate in casino gaming under strict regulatory conditions
Sun Group has already developed significant infrastructure and tourism projects in Quang Ninh, including Van Don International Airport, Ha Long International Cruise Port, expressways and several large-scale leisure assets.
Its selection for the casino complex underscores the group’s established capacity to deliver high-value projects of both national and international scale.
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