>> Vietnam's largest casino could be a risky venture

Prime Minister Nguyen Tan Dung told Da Nang authorities to temporarily close the casino ran by Silvershore Hoang Dat JV Company to address the firm’s violations.

The casino can only reopen once Silvershore Hoang Dat meets the conditions requested by the Ministry of Planning and Investment (MoPI).

Da Nang authorities were told to review management of Silvershore Hoang Dat and to closely work with relevant agencies to instruct and supervise this company to deal with violations previously defined by the MoPI.

The Ministries of Finance, Public Security, Labour-War Invalid-Social Affairs, Culture-Sports-Tourism and Foreign Affairs will cooperate with Da Nang to consider and solve the issues related to this casino and hotel.

The Silver Shores International Tourist Site was inaugurated on January 26, 2010 in Da Nang, consisting of a five-star hotel and Vietnam’s largest casino. This was also the largest foreign-invested project in Da Nang in 2006, at $86 million.

Previously, the MoPI asked Da Nang to inspect and supervise the Silver Shores project. According to MoPI, the firm’s license allowed it to have 8 card tables, but it had over 10. The investor also employed a large number of unskilled foreign workers, while Vietnamese law only permits use of foreign experts when the domestic labor market can’t provide workers.