29 projects serving the organization of APEC Conference 2027

On the afternoon of May 4, Deputy Prime Minister Nguyen Chi Dung chaired a meeting with ministries, branches and Kien Giang province on projects serving the organization of the APEC 2027 Conference in Phu Quoc City.

Deputy Head of the Government Office Pham Manh Cuong said that after reviewing the list of proposed investment projects for the APEC 2027 Conference and some specific policies, Kien Giang proposed a list of 29 necessary projects for the conference with a total estimated investment of about VND 220,088 billion, of which the central budget capital accounts for 70% - about VND 17,502.2 billion, the local budget is about VND 23,913.8 billion, calling for socialized resources of about VND 156,812 billion.

Why was Phu Quoc chosen as the venue for APEC 2027?

Of the 29 projects, if classified by capital source, there are 15 projects from the state budget, 2 projects invested in the form of public-private partnership (PPP). If classified by urgency and investment selection mechanism, there are 13 urgent public investment projects, 16 projects proposed to select investors in special cases. Regarding the balance of local budget capital, Kien Giang commits to allocate sufficient resources to implement works and projects.

Thanhnien.vn

Source: https://thanhnien.vn/29-cong-trinh-phuc-vu-to-chuc-hoi-nghi-apec-2027-185250504223205953.htm