By Bob Meyer

An international group of developers is proposing a $4 billion resort and casino in Vietnam. The first phase will feature 10 restaurants, a Greg Norman designed golf course, an 8-acre swimming pool, 1,200 hotel rooms and an 80,000 square foot Las-Vegas-style table games casino.

The project has been in the works for three years. Developers say they have a 50-year lease from the government on the 3.5 kilometer long beach front site.

Vietnam is now on the map with its improved international stature since its admission as a member of the World Trade Organization in January.

While the Vietnam government will generate money through the land lease, and a cut of the gambling revenues, the big payoff will come about through their bartering the use of the land. Decades from now these valuable assets (built by Asian Coast Development Ltd. of Toronto and Fontainebleau Resorts) will be turned over to the Government with the expiration of the lease.

To learn more about countertrade and corporate barter see “Barter Categories” in the right-hand column.

This entry was posted on Friday, March 23rd, 2007 at 8:32 am and is filed under Best & Brightest Barter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.