Government considers US$4 billion tourist projectDec 12, 2007
(TVLW) - The Prime Minister agreed in principle upon a US$4.18 billion project invested by Brunei’s New City Company to build a high-grade tourist complex in central Phu Yen province.
However, the project is being further considered by the government as part of its facilities will serve as a casino for foreigners, provincial authorities said.
The complex is designed to cover 565 hectares in Tuy Hoa city, including 30 hectares for the planned casino on Hon Chua and neighbouring islands.
According to Chairman of the provincial People’s Committee Pham Ngoc Chi, the project is likely to meet requirements for casino activities because it is located aloof from residential areas, thereby ensuring security conditions.