Sun Group officially takes over the entire infrastructure of Phu Quoc International Airport

Scene of the conference on handing over assets of Phu Quoc international airport

View of the conference on handover of assets of Phu Quoc international airport.

The People's Committee of Kien Giang province, Airports Corporation of Vietnam - JSC (ACV), Southern Airports Authority and Sun Airport Joint Stock Company (SAC) under Sun Group have just signed Agreement No. 01/2025/TT on the plan to transfer all aviation infrastructure assets of ACV at Phu Quoc International Airport.

The agreement was signed following the Prime Minister 's conclusion in Notice No. 625/TB-VPCP dated November 17, 2025 and instructions at the meeting chaired by the Prime Minister on November 14, aiming to remove obstacles regarding assets and land to speed up the progress of the airport expansion project to serve APEC 2027.

According to the agreement, ACV will transfer all existing assets at Phu Quoc airport in their original condition, including runways, taxiways, service roads, security and emergency facilities, flight operations equipment systems and related infrastructure items.

The People's Committee of Kien Giang province plays the role of coordinating agency, receiving assets from ACV and immediately transferring them to SAC according to a special mechanism specifically guided by the Ministry of Finance for the project, to ensure quick procedures and not interrupt the airport's operations.

After receiving the assets, SAC is responsible for supporting the entire remaining value of the assets according to the appraisal results provided by ACV. The implementation process consists of three steps: ACV sends a document confirming the asset value; Kien Giang Provincial People's Committee transfers the request to SAC within 3 days; SAC completes the financial support for ACV within 10 days.

Legal documents, technical documents, maintenance documents and certificates related to assets at Phu Quoc airport will also be fully handed over by ACV to SAC within 10 days.

During the transition period, flight operations at Phu Quoc airport will still be operated by ACV, to ensure continuity and absolute safety. Only when SAC has completed the full receipt of assets and met the conditions according to specialized regulations, will the port exploitation rights be fully transferred.

The signing of Agreement No. 01/2025/TT is considered a key legal step for the Phu Quoc International Airport expansion project to enter the actual construction phase.

Previously, on June 19, 2025, the People's Committee of Kien Giang province assigned SAC to be the investor of the airport expansion project with a scale of 1,050 hectares, ICAO 4E standards and the goal of increasing capacity to 20 million passengers/year.

The Phu Quoc airport expansion project is one of five projects that have met or exceeded the schedule out of 21 priority projects preparing for APEC 2027. After completing the handover, SAC and relevant agencies will urgently deploy key items, including Terminal T2, new runway, expanded parking lot and auxiliary systems, in accordance with the Government's direction at the meeting on November 14.

This agreement not only completes the legal responsibilities between ACV, Kien Giang Provincial People's Committee and SAC, but also paves the way for accelerating the progress of airport infrastructure - a key driving force for Phu Quoc to improve its capacity to welcome international visitors, prepare for APEC 2027 and develop into a competitive tourism and service center in the region.

Source: https://baodautu.vn/sun-group-chinh-thuc-tiep-nhan-toan-bo-ha-tang-cang-hang-khong-quoc-te-phu-quoc-d437429.html