Inside Royal Ha Long Casino in Quang Ninh Province, northern Vietnam. Photo: Royal International Corporation
Phu Quoc Corona Resort & Casino deep in debt
Phu Quoc Tourism Development and Investment JSC, which runs the Corona Resort & Casino on Phu Quoc Island in southern An Giang Province, recorded a loss of VND564 billion (US$21 million) in the first half of 2025, compared to a VND332-billion ($13 million) loss in the same period last year.
As of June 2025, the company’s cumulative losses had reached VND5.5 trillion ($208 million).
Its equity dropped nearly VND960 billion ($36 million) over the year, falling to VND1.99 trillion ($76 million).
While total liabilities decreased slightly to VND40.7 trillion ($1.5…