The Ministry of Planning and Investment has recently suggested extending the timeline for the Grand Ho Tram Strip casino project in Ba Ria-Vung Tau Province, southern Vietnam until 2027. This marks the 11th time the developer has requested a change to the construction schedule.
The Ho Tram Project Company (HTP) obtained the investment license for the casino resort complex in 2008, initially costing around US$4.23 billion. The project is located in Xuyen Moc District and includes a 5-star hotel with 9,000 rooms, villas, an 18-hole golf course, an international conference center, and other facilities.
HTP has already invested approximately $1.3 billion, which accounts for about 30.9 percent of the total project investment, with their own capital reaching around $660 million. The original plan was for the complex to be fully operational in 2014, but HTP has received permission to extend the project’s implementation time multiple times, with the latest delay approved until 2025.
They are now proposing an 11th extension, ensuring that by the end of 2027, if the 9,000 hotel rooms are not completed, the number of game tables will be reduced, maintaining a ratio of no more than two tables per 100 hotel rooms.