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| One of the expected perspectives of the departure terminal of Phu Quoc International Airport after expansion. |
The Ministry of Construction has just sent an official dispatch to the Government Office ; Kien Giang Provincial People's Committee; Imex Pan Pacific Group (IPP Group) and Sun Group Corporation regarding the investment proposal.
According to the Ministry of Construction , on June 1, 2025, the Government issued Resolution No. 01/2025/NQ-CP on investment in expanding Phu Quoc International Airport.
Accordingly, the Government agreed to invest in expanding Phu Quoc International Airport to serve the 2027 APEC Summit in the form of business investment stipulated in the Investment Law; at the same time, assigned the People's Committee of Kien Giang province to select domestic investors to implement the Project and delegated the People's Committee of Kien Giang province to approve the investment policy.
Therefore, in case investors are interested in investing in expanding Phu Quoc International Airport, the Ministry of Construction recommends that units proactively work with the People's Committee of Kien Giang province for specific instructions.
The Ministry of Construction also requested the Government Office to synthesize and report to the Prime Minister to direct the People's Committee of Kien Giang province to consider and resolve the companies' recommendations in accordance with the law.
At the end of January 2025, as Chairman of IPP Group, "branded goods tycoon" Nguyen Hanh signed a document sent to the Prime Minister and a number of relevant ministries and branches to propose to participate in investing and developing Passenger Terminal T2, Phu Quoc International Airport, with an initial capacity of 6 million passengers/year and designed to expand capacity to 8 million passengers/year in the next phase, ensuring to meet long-term needs.
The difficult situation for IPP Group in the race to win the right to invest in expanding Phu Quoc International Airport is that it has to compete with a formidable rival, Sun Group. Early last week, the investor of Van Don International Airport, Quang Ninh and currently the construction unit of Gia Binh Airport Project proposed to the Ministry of Transport (now the Ministry of Construction) a comprehensive upgrade package for Phu Quoc International Airport that is considered very difficult to refuse.
Accordingly, instead of investing only in the terminal, Sun Group proposed that the competent authority consider and agree to the policy of researching and investing in the construction of Phu Quoc International Airport Phase II under the PPP method to bring this airport to level 4E airport; passenger terminal capacity of 18 - 20 million passengers/year; cargo terminal capacity of 50,000 tons/year; VIP terminal scale of about 6,000 m2; total number of aircraft parking positions suitable for passenger terminal capacity.
The proposal of Sun Group Corporation also includes renovating and upgrading the existing runway (runway 1) to a size of 3,500 m x 45 m; planning and investing in a new runway (runway 2) with a size of 3,500 m x 45 m; aviation support works with a scale that meets the operating capacity of the Port; adjusting the location of the Air Traffic Control Tower and technical infrastructure to ensure synchronous flight operations.
“If selected as the investor, we commit to investing in upgrading Phu Quoc International Airport with the most modern technology in the world, completing the project within 16-18 months from the completion of site clearance,” emphasized Mr. Dang Minh Truong, Chairman of the Board of Directors of Sun Group.
It is known that Sun Group's proposal also basically coincides with the comprehensive upgrade of Phu Quoc International Airport, which is being urgently planned by the People's Committee of Kien Giang province with a total investment of up to VND 22,000 billion to serve the APEC 2027 Summit Week scheduled to be held in Phu Quoc City.
Source: https://baodautu.vn/bo-xay-dung-len-tieng-ve-2-de-xuat-mo-rong-san-bay-phu-quoc-d298638.html
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