The Government issued Resolution No. 01/2025/NQ-CP dated June 1, 2025 on investment in expanding Phu Quoc International Airport.
Investment in expanding Phu Quoc International Airport in the form of business investment
In the above Resolution, the Government agreed to invest in expanding Phu Quoc International Airport to serve the 2027 APEC Conference in the form of business investment prescribed in the Investment Law.
The Government assigned the People's Committee of Kien Giang province to select domestic investors and organize the implementation of the Phu Quoc International Airport expansion investment project to ensure compliance with the nature of a civil- military shared airport as proposed by the People's Committee of Kien Giang province in Official Dispatch No. 1156/UBND-KT dated May 15, 2025.
The Government has delegated authority to the People's Committee of Kien Giang province to approve investment policies and adjust investment policies for the Phu Quoc International Airport Expansion Investment Project. The procedures for approving investment policies and adjusting investment policies for the project are the same as for projects under the authority of the provincial People's Committee to approve investment policies in accordance with the provisions of the law on investment.
At the same time, delegate authority to the People's Committee of Kien Giang province to organize the appraisal and decide to approve the appraisal results of the environmental impact assessment report for the Phu Quoc International Airport Expansion Investment Project; organize the appraisal, approval of design and acceptance of fire prevention and fighting for construction items of the Phu Quoc International Airport Expansion Investment Project to ensure fire prevention and fighting safety in accordance with regulations.
Transferring the infrastructure of Phu Quoc International Airport to the People's Committee of Kien Giang province for management
The Government also agreed to recover and transfer the state-invested and managed infrastructure assets of Phu Quoc International Airport from the Ministry of Construction to the People's Committee of Kien Giang province for management, handling and implementation of the Phu Quoc International Airport expansion investment project.
The transfer of infrastructure assets of Phu Quoc International Airport to local management and handling does not apply to assets managed by Airports Corporation - JSC (ACV) built on defense and security land, land managed by the military (if any) according to the planning approved by the Ministry of Construction.
The Minister of Construction decided to recover and transfer the infrastructure assets of Phu Quoc International Airport invested and managed by the State to the People's Committee of Kien Giang province for management and handling in the following order:
- Directing the organization to review and establish a list of infrastructure assets of Phu Quoc International Airport that ACV is currently assigned to manage in the form of excluding the state capital component in the enterprise;
- Decision to recover and transfer the infrastructure assets of Phu Quoc International Airport invested by the State to the People's Committee of Kien Giang province to implement the investment project to expand Phu Quoc International Airport to serve the APEC 2027 Conference.
The main contents of the Decision on asset recovery and transfer include: Name of the enterprise assigned to manage the asset (ACV); name of the agency receiving the asset (Kien Giang Provincial People's Committee); list of transferred assets (name of asset; year of putting into use; basic technical parameters (size/area/volume...); original price, remaining value; nature of use (civil, dual-use); management and land use rights associated with the project; status of use of the asset); responsibility for implementation.
Reasonable costs directly related to the handover and receipt of assets shall be paid by the asset receiving agency according to regulations.
Kien Giang Provincial People's Committee did not make payment of asset value to the Ministry of Construction when transferring assets to local management and handling.
The Government requests the People's Committee of Kien Giang province to organize the reception of infrastructure assets of Phu Quoc International Airport invested and managed by the State to manage, handle and implement the Phu Quoc International Airport expansion investment project as follows:
Kien Giang Provincial People's Committee directs specialized agencies to receive assets for management and handling; open a logbook and calculate depreciation for transferred assets from the time of transfer until completion of asset handling according to regulations.
The People's Committee of Kien Giang province agrees with the Ministry of Construction to allow ACV to continue the maintenance, operation and exploitation of infrastructure assets of Phu Quoc International Airport (which the People's Committee of Kien Giang province has received) according to the mechanism prescribed in Decision No. 2007/QD-TTg of the Prime Minister on the Project on assignment, management, use and exploitation of aviation infrastructure assets invested by the State at airports and airfields from the date the People's Committee of Kien Giang province receives the assets until the completion of the selection of investors and enterprises operating and exploiting the port that are qualified to operate Phu Quoc International Airport according to the provisions of specialized aviation laws and relevant laws.
The People's Committee of Kien Giang province considers and decides to handle aviation infrastructure assets attached to land for people to whom the State allocates or leases land according to the provisions of the law on land in the form of assigning aviation infrastructure assets with the return of the asset value to the State.
Kien Giang Provincial People's Committee hires a valuation enterprise to determine the value of assets as one of the bases for considering and deciding the value of assets to be returned to the State.
Based on the asset accounting records, current asset status records, investment orientation for construction and expansion of Phu Quoc International Airport according to the planning period 2021-2030, vision to 2050, valuation certificate and valuation report of the valuation enterprise, the People's Committee of Kien Giang province considers and decides on the value of assets to be returned to the State. The determination of the value of assets to be returned as mentioned above does not include the determination of the advantage of the right to exploit the assets.
The person who is assigned land or leased land by the State to implement the Phu Quoc International Airport expansion investment project is responsible for returning the value of the property to the State as decided by the People's Committee of Kien Giang province.
Land allocation and lease to implement the Phu Quoc International Airport expansion investment project shall comply with the provisions of the law on land, investment and other relevant laws.
The amount collected (from the remaining difference based on revenue minus maintenance and operation costs) according to the mechanism prescribed in Point b of this Clause shall be paid into the Kien Giang provincial budget to invest in infrastructure serving the APEC 2027 Conference.
The amount of money that the person to whom the State allocates or leases land must pay back to the State the value of the property as prescribed in Point d of this Clause shall be paid into the Kien Giang provincial budget to invest in infrastructure projects serving the APEC 2027 Conference.
Source: https://baophapluat.vn/phan-cap-cho-kien-giang-mo-rong-san-bay-phu-quoc-phuc-vu-apec-2027-post550429.html
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