Vietcombank Signs Agreement to Provide VND 1,000 Billion in Credit for APEC 2027 Infrastructure Development
On the afternoon of August 28, 2025, at the headquarters of Truong Phat Company Limited, a signing ceremony took place for a credit financing agreement worth VND 1,000 billion between Vietnam Foreign Trade Joint Stock Bank – Kien Giang Branch (Vietcombank Kien Giang) and Truong Phat Company Limited. This credit financing will be used for the construction and completion of infrastructure projects serving the APEC Summit 2027.
The ceremony was graced by the presence of Mr. Phan Duy Phuc, Director of Vietcombank Kien Giang Branch, and Mr. Vuong Duc Truong, Chairman of the Members’ Council and General Director of Truong Phat Company Limited, along with the collective staff of both units.
Signing ceremony of a credit financing agreement worth VND 1,000 billion for the construction of infrastructure and serving the APEC 2027 Summit.
According to the organizers, the VND 1,000 billion credit facility will be utilized to develop infrastructure projects, including a conference center, auxiliary facilities, and direct support for the organization of the APEC 2027 Summit in the Mekong Delta region.
The completion of key infrastructure projects for the APEC 2027 Summit will not only contribute to a new face and promote sustainable development for An Giang province but also enhance Vietnam’s image and position on the international stage.
Going All Out for APEC 2027
The Asia-Pacific Economic Cooperation (APEC) forum in 2027 will be held in Vietnam, with Phu Quoc selected as the host for the APEC Summit Week 2027.
This is a unique event that will put Phu Quoc in the global spotlight, attracting investments and boosting tourism and real estate development, propelling the “pearl island” to new heights of international recognition.
With the theme “Connecting People, Building a Harmonious and Self-reliant Economy” – APEC 2027 is being meticulously prepared by Vietnam, with a determination to succeed on all fronts.
To prepare for and organize the conferences and activities of APEC 2027, on July 10, Prime Minister Pham Minh Chinh decided to establish the National Committee for APEC 2027 and the Committee’s operating regulations, with Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son as the Chairman. The Committee comprises five sub-committees: Content; Material and Logistics; Security and Health; Propaganda and Culture; and Protocol.
In addition, Vietnam is investing in infrastructure and expediting the progress of several key projects. For instance, the project to upgrade and expand Phu Quoc International Airport is being accelerated to prepare for the event, aiming to enhance its capacity to serve larger aircraft and become one of the most modern airports in the region.
Phu Quoc International Airport’s design is inspired by a phoenix in flight, symbolizing Vietnam’s “national prestige.”
Furthermore, Rach Gia Airport has been directed to undergo upgrades and expansions to cover an area of approximately 200 hectares, with a 2.4-kilometer extended runway and a new terminal to accommodate larger aircraft. This will provide travelers with more options and convenience when traveling to Kien Giang.
In addition to air transport, An Thoi International Seaport will be upgraded to a scale of 100 hectares to accommodate the world’s largest cruise ships (such as Icon of the Seas) capable of carrying 7,000-10,000 passengers.
The APEC Conference Center construction project in Phu Quoc covers a total area of 88.5 hectares, including 57 hectares of reclaimed land, with a total investment of up to VND 64,000 billion. The project officially commenced in May 2025, aiming for completion by June 2027. This key project is part of a portfolio of 21 projects serving the event, including a 3,500-seat conference hall, a 3,000-seat press center, and other public works on approximately 28 hectares…
Phu Quoc’s multi-functional complex for APEC 2027 is expected to accommodate approximately 15,000 people.
For Vietnam, APEC cooperation is a crucial driver for market opening, investment attraction, technology transfer, and enhancement of the economy’s competitiveness.
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