On May 20, the Prime Minister issued a decision approving the investment policy and selecting Sun Group as the investor for the Sun Phu Quoc Airways (SPA) airline project.
The investor for this project is Sun Group Aviation JSC, a member of Sun Group. This decision by the Prime Minister is a significant milestone for Vietnam’s aviation industry and the development of Phu Quoc’s tourism.
Along with other airlines in the market, Sun Phu Quoc Airways will provide a new connection, bringing Phu Quoc Island, once voted the second most beautiful island in the world, closer to domestic and international travelers.
Approved Investment for Sun PhuQuoc Airways: Offering New Flight Options for Travelers
On May 20, 2025, the Prime Minister signed and issued Decision No. 979/QD-TTg, officially approving the investment policy and the investor for the Sun PhuQuoc Airways airline project.
Unlocking Opportunities: Binh Duong Facilitates Sun Group’s $1 Billion Twin Projects
Sun Group’s two upcoming projects are strategically located in Ben Cat City, the fifth and newest city of Binh Duong Province, which was established on May 1, 2024. Ben Cat City occupies a central position within the province and is part of the key economic zone in Southern Vietnam.
“Sun Group’s Visionary Venture: Sun Phu Quoc Airways Takes Flight with Prime Minister’s Approval”
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Introducing the airline operated by Sun Viet Airlines JSC.
Just Broke Ground on a $1.6 Billion Mega-Project, Sun Group Proposes a String of Additional Large-Scale Investments in Ba Ria – Vung Tau
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The Sun Group’s leadership has proposed an array of exciting investment projects, including the Mũi Nghinh Phong commercial and service complex, the Cù Lao Bến Đình new urban area, and the island-based urban and tourism hub of Gò Găng. Additionally, they have envisioned the Bắc Phước Thắng eco-tourism area, the Tây Nam Bà Rịa new urban area, and several developments on the island of Côn Đảo. These projects promise to be transformative, offering new opportunities for the community and enhancing the region’s appeal as a tourist destination.
The Ultimate Investment: Central Government’s Massive Funding for Phu Quoc’s Future
The government will fund up to 70% of public investment capital for a series of strategic infrastructure projects for APEC 2027 in Phu Quoc, with the remaining balance to be sourced from local budgets. These include a freshwater reservoir, the APEC Convention Center, the APEC Boulevard, an urban railway system, and connecting transport links. With investment costs running into the trillions of dong, these projects are slated for completion by mid-2027.
