Phu Quoc int’l airport expansion must create a lasting legacy: Deputy PM
To expedite the project, Deputy Prime Minister Nguyen Chi Dung called for the immediate transfer of assets from the Ministry of Construction to local authorities, ensuring that flight operations remain uninterrupted during the valuation and transfer process.
Hanoi (VNA)♓ - Deputy Prime Minister Nguyen Chi Dung has greenlit a proposal to expand Phu Quoc International Airport in Kien Giang province, envisioning it as a transformative project that will not only serve the 2027 APEC Economic Leaders’ Week but also establish a lasting legacy for Vietnam as a premier global tourism destination.
During a meeting with ministries and agencies in Hanoi on May 21, Deputy PM Dung described the expansion as a “once-in-a-generation” opportunity to elevate Phu Quoc, an island in southern Vietnam, into a leading hub in Asia and beyond. “This project must position Phu Quoc as a true pearl of the Far East”.
To expedite the project, he called for the immediate transfer of assets from the Ministry of Construction to local authorities, ensuring that flight operations remain uninterrupted during the valuation and transfer process.
Deputy Prime Minister Nguyen Chi Dung speaks at the meeting. (Photo: VNA)
Deputy Minister of Construction Le Anh Tuan agreed with the Government’s draft resolution on the project, noting broad consensus among leaders from various ministries on the need to keep the project on pace through a fast-tracked approval process.
The expansion will follow Vietnam’s Law on Investment, with the provincial officials poised to take the reins on everything from construction oversight to environmental impact assessments and fire safety regulations.
Chairman of the provincial People’s Committee Nguyen Thanh Nhan pledged to move forward decisively once the resolution is issued.
Classified level 4E, Phu Quoc International Airport handles millions of passengers annually. The expansion would see its capacity swell to 10 million passengers by 2030 and 18 million by 2050, with the airport’s footprint growing from 884ha to a sprawling 1,050ha./.
Phu Quoc International Airport in Kien Giang province will undergo a major upgrade to support tourism and socio-economic growth, and to serve the 2027 APEC Economic Leaders' Week.
Phu Quoc Airport will be expanded to accommodate up to 18 million passengers per year by 2027, 4.5 times its current capacity of 4 million. By 2050, the airport is expected to handle up to 50 million passengers annually.
CAAV Director Uong Viet Dung said that the airport upgrading project is among projects to be fast-tracked to serve the organisation of the APEC Economic Leaders' Week 2027 in Vietnam, as well as to support sustainable development of the locality and the country.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.