An Giang steps up efforts to ensure progress, quality of APEC 2027 projects

Many construction packages are now underway, with five projects meeting or exceeding their planned schedules.

A graphic image of Terminal 2 of Phu Quoc International Airport. The new terminal is currently under construction. (Photo: VNA)
A graphic image of Terminal 2 of Phu Quoc International Airport. The new terminal is currently under construction. (Photo: VNA)

An Giang (VNA) – The southern province of An Giang is accelerating the implementation of major infrastructure projects for the APEC Economic Leaders’ Week 2027 in Phu Quoc special zone while tightening oversight to ensure that projects meet requirements on schedule, quality, safety and transparency.

Under Decision No. 948/QD-TTg issued by the Prime Minister on May 17, 2025, An Giang was assigned to implement 21 projects serving the APEC Economic Leaders’ Week 2027, with total investment of more than 137 trillion VND (5.22 billion USD).

The projects are divided into two groups. The first comprises ten public investment projects. Provincial authorities have issued all nine emergency construction orders required and completed investor selection for one project and contractor selection for the other nine. More than 13.298 trillion VND is planned for these projects in 2026.

The second group consists of 11 projects developed under public-private partnerships (PPP) and business investment, with investor selection completed for all 11.

Many construction packages are now underway, with five projects meeting or exceeding their planned schedules. They include the expansion of Phu Quoc International Airport; a project on technical infrastructure, digital transformation and the construction of a smart operations centre for comprehensive management of Phu Quoc special zone; the Bai Dat Do mixed-use urban area; the Nui Ong Quan tourism urban area; and the Ho Cua Can water plant.

An Giang is also implementing a master plan for activities marking APEC Year 2027 in Phu Quoc in a coordinated and urgent manner. The steering committee has consolidated its supporting team and adjusted the structure and responsibilities of its subcommittees.

All seven subcommittees have now issued their respective plans, clearly defining tasks, schedules and responsibilities. This is expected to ensure smooth coordination and consistent implementation while meeting the targets for progress, quality, safety and transparency throughout preparations for next year's high-profile event.

Chairman of the An Giang provincial People’s Committee Ho Van Mung said hosting the APEC Economic Leaders’ Week 2027 is a major political and diplomatic responsibility for Vietnam and requires the province to simultaneously implement a large number of major infrastructure projects.

He stressed that special mechanisms and policies must be applied strictly within their prescribed scope, conditions, procedures, time limits and authority. The need to accelerate projects must not be used as a reason to circumvent legal regulations.

The province is also tightening the management of public finance, budgets and land, particularly PPP projects such as build-transfer (BT) and build-operate-transfer (BOT) schemes, which can carry risks of corruption, wastefulness and misconduct without effective supervision.

An Giang has also ordered strict compliance with rules on bidding and investor selection, prohibiting any interference that could distort results or undermine competition and transparency.

Heads of relevant departments, the Phu Quoc Economic Zone Management Board, the Peope's Committee of Phu Quoc special zone and project management boards will bear direct and comprehensive responsibility before the law for the accuracy and legality of project documents and proposals.

Provincial police and specialised agencies have been tasked with proactively monitoring high-risk areas, promptly detecting and handling violations, and helping ensure that State resources are used efficiently in preparations for APEC 2027./.

VNA

See more

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.

Amata Industrial Park in Dong Nai city (Photo: VNA)

Green shift powers investment in southeast Vietnam

The Amata Industrial Park in Dong Nai City, established 32 years ago and covering more than 500ha, is home to over 160 domestic and foreign businesses. Selected in 2020 as one of three national pilot sites for conversion into an eco-industrial park, Amata has raised its compliance with the international eco-industrial park framework from 41% to 86% in 2024, and is working towards becoming Dong Nai's first certified eco-industrial park.

At a port in Ho Chi Minh City (Photo: VNA)

Multi-channel capital mobilisation needed to achieve double-digit growth

The Ministry of Finance estimates development investment for 2026-2030 at a minimum of 38.5 quadrillion VND (1.48 trillion USD), or about 40% of GDP. The state budget is expected to provide only about 20%, or more than 7.7 quadrillion VND, leaving over 80%, or more than 30 quadrillion VND, to be raised from the broader economy. That makes expanding capital mobilisation channels beyond bank credit essential.

An aerial view of the Nhieu Loc – Thi Nghe area in Ho Chi Minh City. The southern metropolis is home to the Vietnam International Financial Centre. (Photo: VNA)

Vietnam International Financial Centre launches membership registration system

Integrated into the official Vietnam International Financial Centre portal at vifc.gov.vn, the online system for registering and recognising members provides a unified online service channel through which investors, organisations and businesses can complete procedures related to membership, from new registration and recognition to information updates and termination of membership.

At a tax office in Hung Yen province (Photo: VNA)

Finance ministry moves to cut business costs, spur growth

Tax policy is among the solutions with the most direct impact on companies. Rather than prioritising near-term revenue collection, fiscal policy is being run to help them preserve cash flow, expand production and build more sustainable revenue sources.

In the Kim Long Motor Hue factory (Photo: VNA)

Hue courts capital to turn industrial zones into growth engine

The economic and industrial zones in Hue city host more than 200 active investment projects worth over 152 trillion VND (5.84 billion USD), with 139 already operational. Since the start of 2026, they have generated about 32 trillion VND, contributed 4.2 trillion VND to the state budget and brought in 730 million USD in exports, while employing more than 46,000 workers.