The provincial committee of Thua Thien-Hue is asking the government’s permission to increase the investment capital of the Laguna Lang Co project to US$2 billion, as well as to open a casino in the complex, Vietnam News reports.
If approved, the project is estimated to contribute $245 million annually to the local budget from 2021. It is understood that the Ministry of Defence and the Ministry of Culture, Sports and Tourism have already approved the plan.
Under the plan, the casino is expected to be implemented in the second, third and fourth phases of the project, with capital of nearly $250 million on a 2.6 hectare area.
The Laguna Lang Co project received an investment certificate from the management board of the Chan May-Lang Co Economic Zone in 2007, which was modified in June 2014.
The project has registered capital of $875 million and is spread over 280 hectares.
It is designed to serve 400,000 visitors each year, and includes resorts, spas, hotels and restaurants, retail shops, golf courses and villas.
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