Vietnam | Giant plans Giant casino resort in Dong Thap
Wow…how in the world did I miss these articles? I must have been too busy watching my nest egg evaporate over the past two weeks. Good thing I got friends like Dewet out there sending me great stuff like this:
Giant looks to tread through casino gold
An official of Dong Thap Planning and Investment Department (DPID), said the foreign investor had proposed to locate its US$4-5 billion project in the province’s Dinh Ba border-trade economic zone.
The 200 hectare proposed initiative on the border with
The DPID official said that casino related businesses are appraised on
In March this year,
“Last month, the Malaysian investor met and presented its proposal with the Ministry of Planning and Investment (MPI). generally, we [local government] support the firm’s investment in Dong Thap as it will add momentum to boosting local socio-economic development,” the official said.
The official said the local government would scrutinise the foreign investor’s financial ability to work out such a large project in
The official said that Dong Thap had pot received any new FDI projects between January and September this year despite Vietnam’s considerable US$57 billion of registered FDI funds over the nine months.
Located in the Mekong Delta, Dong Thap is known as
Source:
http://www.intellasia.net/news/articles/property/111250020.shtml
Giant Group to invest billions of dollars in Dong Thap
Malaysia’s Giant Group Limited has plans to pour billions of dollars into the Mekong Delta province of Dong Thap, developing a colossal hotel, new urban area, and an entertainment complex, an official of Dong Thap Planning and Investment Department said yesterday.
Chau Hong Phuc, deputy director of the department, told the Daily that the group has proposed to locate its US$5 billion project at the Dinh Ba border-gate economic zone in Tan Hong District.
Last month, representatives of the Malaysian investment company presented its proposal to the Ministry of Planning and Investment.
This is the biggest tourism project in Dong Thap, so the company will be required to prove that it has enough money to get the project rolling, the source said.
At the meeting, provincial authorities and the ministry stressed that the investors must prove its financial ability before studying the project and requested more information. The company has a month to prove its financial capacity.
The provincial government supports the firm’s investment in Dong Thap as it will add momentum to boosting local socio-economic development.
An investor’s proven financial capacity is deemed an essential condition, the source said. The local government will scrutinize the foreign investor’s financial ability to work out such a large project.
After the investor has proven its financial capacity, it will be allowed to make the feasibility study, which must be submitted to provincial leaders. After the official approval, the study will be transferred to the Ministry of Planning and Investment, the source said.
He said the investor had earlier visited the province and expressed a wish to carry out the project in February.
The project requires 1,000 hectares on the border with
Source: Saigon Times