Vietnam Proposes Reduced Capital Investments

Vietnam’s Ministry of Finance has proposed easing the barrier to entry for casino investors. Currently, investors must commit a minimum of US$2 billion to build a casino in the country, and pony up half of that just to get a registration certificate. Meanwhile, Suncity Group Holdings Ltd. says Phase I of its Hoiana casino resort (l.), now in development in Quang Nam Province, may be delayed until the first half of 2020.