New reports out of Vietnam say the ruling Communist Party’s Politburo has approved the inclusion of a resort casino as part of the economic development of the country’s largest island.
The newspaper Tien Phong says Prime Minister Nguyen Tan Dung believes in Phu Quoc’s potential as a tourism and trade hub, and the local People’s Committee Chairman Le Van Thi says negotiations are under way to select suitable casino developers.
“Many investors have filed applications, but we have not made a final decision,” he said. “We expect the investor to have a track record and ability to draw the region’s top gamblers.”
Located in the Mekong Delta in Kien Giang Province in the south of the country, Phu Quoc is reported to have one of the best beaches in Vietnam, and last year welcomed 430,000 tourists, a 32 percent increase over 2010, and generated receipts of US$42.7 million.