If current investors withdraw their projects
SunCity wants Vietnam casino
The SunCity Group has plans to invest in a hotel and casino project on Phu Quoc, an island in Vietnam‘s southwest province of Kien Giang.
2015-03-16
Reading time 34 seg
The SunCity Group has plans to invest in a hotel and casino project on Phu Quoc, an island in Vietnam‘s southwest province of Kien Giang.
According to Vietnamnet, SunCity CEO Alvin Chau Cheok Wa told local authorities that his company was willing to put up a resort and casino in Bai Truong in Duong To commune, should current investors who have dibs on the area decide to withdraw their projects. Should those investors be unwilling to move, SunCity’s second choice would be Rach Tram hamlet in Bai Thom commune.
Provincial Vice Chair Nguyen Thanh Nghi welcomed Sun City’s interest and asked the company to submit official documents for the government to consider. Nghi pointed out that any proposal should come with a full understanding of certain provisions on foreign investment laid out by the state, including a willingness to invest at least $4b.
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