Selecting a Domestic Investor for the Expansion of Phu Quoc International Airport
The government issued Resolution No. 01/2025/NQ-CP on June 1st, 2025, regarding the investment in expanding Phu Quoc International Airport. In this resolution, the government agreed to invest in expanding the airport to serve the APEC 2027 conference, following the business investment model as per the Law on Investment.
The government assigns the People’s Committee of Kien Giang province to select a domestic investor and organize the implementation of the investment project to expand Phu Quoc International Airport, ensuring that it conforms to its nature as a mixed civilian-military airport as proposed by the People’s Committee of Kien Giang province in Document No. 1156/UBND-KT dated May 15, 2025.
The government delegates to the People’s Committee of Kien Giang province the approval of the investment policy and the adjustment of the investment policy for the project to expand Phu Quoc International Airport. The procedure for approving and adjusting the investment policy for the project shall be implemented in the same manner as for projects under the approval authority of the People’s Committee of the provincial level according to the law on investment.
At the same time, the government delegates to the People’s Committee of Kien Giang province the organization of appraisal and decision-making on the approval of the environmental impact assessment report for the project to expand Phu Quoc International Airport; organize the appraisal and approval of design and acceptance of fire protection and control for the items of the project to expand Phu Quoc International Airport, ensuring fire protection and control safety in accordance with regulations.
Below is an AI-generated video of the future outlook of Phu Quoc Airport, based on the officially released perspective.
Phu Quoc International Airport Managed by the People’s Committee of Kien Giang Province
The government also agreed to retrieve and transfer the existing infrastructure assets of Phu Quoc International Airport, which are state-invested and managed by the Ministry of Construction, to the People’s Committee of Kien Giang province for management and implementation of the expansion project.
The transfer of infrastructure assets of Phu Quoc International Airport to the local authority for management and handling shall not apply to assets managed by the Airport Corporation of Vietnam (ACV) that are built on defense and security land or land managed by the military (if any) according to the planning approved by the Ministry of Construction.
Future outlook of Phu Quoc Airport. Image: CPG
Image: CPG
The Minister of Construction shall decide on the retrieval and transfer of infrastructure assets of Phu Quoc International Airport, which are state-invested and managed, to the People’s Committee of Kien Giang province for management and handling, following this procedure:
Direct the organization to review and establish a list of infrastructure assets of Phu Quoc International Airport that are being managed by ACV without considering the state capital component in the enterprise;
Decide on the retrieval and transfer of state-invested infrastructure assets of Phu Quoc International Airport to the People’s Committee of Kien Giang province to implement the expansion project to serve the APEC 2027 conference.
Previously, the Vietnam Aviation Authority, in coordination with the People’s Committee of Kien Giang province, announced the Planning of Phu Quoc International Airport for the period of 2021-2030, with a vision towards 2050. With a pivotal role in the development strategy of transportation and tourism infrastructure, especially in preparation for the Asia-Pacific Economic Cooperation (APEC 2027), Phu Quoc International Airport will undergo a comprehensive upgrade, aiming to become one of the most modern and smartest airports in the world.
It is expected that Phu Quoc International Airport will have a total planned area of approximately 1,050 hectares, with an investment of VND 26,572 billion by 2030 and an additional VND 25,791 billion by 2050. With this investment, the airport will be expanded to accommodate 18 million passengers per year, 4.5 times the current capacity (4 million passengers per year). The goal by 2050 is to upgrade the airport to accommodate 50 million passengers per year.
The highlight of the airport is the passenger terminal, which is designed based on the concept of a phoenix’s wings, symbolizing national prestige and pride. The terminal will also be equipped with the most modern operating technologies in the world, including check-in without going to the airport, automatic baggage sorting, and biometric identification, reducing the time for immigration to just 15-30 seconds per person…
Notably, Phu Quoc Airport will have two runways, with the existing runway extended to 3,500 meters and a new 3,300-meter runway constructed. The apron system will be expanded to over 100 positions, including 45 wide-body aircraft parking positions, including modern jet bridges, effectively serving both international and domestic passenger needs.
Especially, the VVIP terminal of Phu Quoc International Airport will be newly constructed, aiming to meet the standards for receiving state leaders. After the conclusion of the APEC summit, the VIP lounge will be utilized for international operations or aviation services for significant events.
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