$4B South Hoi An Casino Under Way

Sat, Aug 26, 2017

Phase I of a $4 billion integrated resort in South Hoi An, Vietnam has broken ground. The resort, called Hoiana, will open in phases starting in 2019.

Hoiana, a planned billion integrated casino resort to be built in South Hoi An, Quang Nam, Vietnam has officially broken ground.The first phase of the resort complex will open in 2019, reports the Vietnam Investment Review. The project is a joint venture of Vietnam asset management firm VinaCapital, Macau-based Suncity Group and Hong Kong-based Chow Tai Fook Enterprises Ltd.

Phase I, which represents an investment of $500 million, will span 163 hectares (403 acres) and include an 18-hole golf course and retail district along with a casino and hotel facilities. The construction is expected to be completed within 19 months.

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