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Mon, May 26, 2008 - Page 10 News List

Australian, Canadian firms launch projects in Vietnam

TARGETING TRAVELERSJetstar, an offshot of Australian carrier Qantas, aims to be Vietnam’s first low-cost airline, while ACDL plans to develop Las-Vegas style casinos

AFP , HANOI

Vietnam bans gambling for its citizens but allows foreign passport holders to visit casinos and use the betting facilities of major hotels.

Aymong said he could not comment on what Vietnam’s government may do but added: “I imagine that the government will examine and consider allowing Vietnamese to gamble in the next two or three years.”

For now, he said, “we’re targeting the Chinese, the Koreans, the Japanese, the Australians and the Russians.”

He said the casino and resort strip would be a family-friendly destination with a strong environmental theme and complement — rather than compete with — Macau.

“This is a different type of product,” he said. “It’s a destination resort. Our real competition is going to be Singapore.”

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