
Sun PhuQuoc Airways: A New Airline Venture by Sun Group
On May 20, 2025, the Prime Minister of Vietnam issued Decision No. 979/QD-TTg, officially approving the investment policy and investor for the Sun PhuQuoc Airways airline project.
The investor of this project is Sun Group, a renowned Vietnamese conglomerate. With a total planned investment of VND 2,500 billion (approximately USD 98.81 million), the airline is envisioned to have a fleet of 31 aircraft by 2030.
Christened “Sun PhuQuoc Airways – SPA,” the airline aims to offer commercial passenger services, along with charter flights catering to tourists traveling to and from Vietnam’s renowned tourist destinations and global financial hubs.
SPA is dedicated to connecting the world to the pristine island of Phu Quoc, offering a seamless travel experience. Additionally, it aims to facilitate convenient travel for Vietnamese citizens wishing to explore this breathtaking island paradise.
The approval of Sun PhuQuoc Airways by the Prime Minister marks a significant milestone for Vietnam’s aviation industry and the development of Phu Quoc as a world-class tourist destination. Together with other airlines in the market, Sun PhuQuoc Airways will provide a new link, bringing Phu Quoc, the world’s second most beautiful island after Maldives, closer to domestic and international travelers.
SPA is slated to commence operations in the fourth quarter of 2025, connecting Phu Quoc with key economic and tourist hubs in Vietnam and abroad.
Alongside Sun PhuQuoc Airways, Sun Group also operates Sun Air, a premium charter airline offering customized private jet services for discerning travelers seeking an exclusive flying experience.
The New Deposit Dash: VPBank, SHB, and HDBank Surge Ahead as Vietcombank, TPBank, and SeABank Stumble With Negative Growth
“Customer deposits at Vietcombank dipped by over VND 5.5 trillion in the first quarter of the year, following two consecutive booming quarters in 2024. TPBank and SeABank also went against the grain, witnessing decreases of nearly VND 9.7 trillion and VND 8.3 trillion, respectively. Conversely, VPBank experienced its strongest quarter ever in terms of attracting deposits.”
The Quiet Korean ‘Chaebol’ Makes a Move in Quang Nam
“In a significant move, one of the top 30 economic conglomerates in South Korea has chosen to adopt LNG as the energy source for its industrial complex in Quang Nam. This decision underscores the company’s commitment to sustainable practices and positions it at the forefront of Korea’s energy transition.”