$100-million racecourse planned, but no gambling

Vietnam’s Dai Nam Joint Stock Company said it plans to invest $100 million into a racecourse complex in the Dai Nam Tourism Park, local media reports.

The racecourse will occupy an area of 60 hectares in the recreation park, about 40km from Ho Chi Minh City, and is expected to open in October this year, said Huynh Uy Dung, chairman and general manager of Dai Nam.

As well as horse racing, the racecourse will also host dog racing, car racing, motorbike racing, water motorsports and all-terrain vehicle racing, however, no gambling will be allowed at the racecourse, said Dung.

The chairman said he hopes the racetrack will help boost the number of tourists to Dai Nam to 5 million per year from the current 2 million.