Phu Quoc int’l airport expansion must create a lasting legacy: Deputy PM

To expedite the project, Deputy Prime Minister Nguyen Chi Dung called for the immediate transfer of assets from the Ministry of Construction to local authorities, ensuring that flight operations remain uninterrupted during the valuation and transfer process.

The meeting in Hanoi on May 21 (Photo: VNA)
The meeting in Hanoi on May 21 (Photo: VNA)

Hanoi (VNA) - Deputy Prime Minister Nguyen Chi Dung has greenlit a proposal to expand Phu Quoc International Airport in Kien Giang province, envisioning it as a transformative project that will not only serve the 2027 APEC Economic Leaders’ Week but also establish a lasting legacy for Vietnam as a premier global tourism destination.

During a meeting with ministries and agencies in Hanoi on May 21, Deputy PM Dung described the expansion as a “once-in-a-generation” opportunity to elevate Phu Quoc, an island in southern Vietnam, into a leading hub in Asia and beyond. “This project must position Phu Quoc as a true pearl of the Far East”.

To expedite the project, he called for the immediate transfer of assets from the Ministry of Construction to local authorities, ensuring that flight operations remain uninterrupted during the valuation and transfer process.

Deputy Prime Minister Nguyen Chi Dung speaks at the meeting. (Photo: VNA)

Deputy Prime Minister Nguyen Chi Dung speaks at the meeting. (Photo: VNA)

Deputy Minister of Construction Le Anh Tuan agreed with the Government’s draft resolution on the project, noting broad consensus among leaders from various ministries on the need to keep the project on pace through a fast-tracked approval process.

The expansion will follow Vietnam’s Law on Investment, with the provincial officials poised to take the reins on everything from construction oversight to environmental impact assessments and fire safety regulations.

Chairman of the provincial People’s Committee Nguyen Thanh Nhan pledged to move forward decisively once the resolution is issued.

Classified level 4E, Phu Quoc International Airport handles millions of passengers annually. The expansion would see its capacity swell to 10 million passengers by 2030 and 18 million by 2050, with the airport’s footprint growing from 884ha to a sprawling 1,050ha./.

VNA

See more

The fruit and vegetable sector is also set to hit a record, with exports projected at around 8.5 billion USD in 2025. (Photo: VNA)

Agro-forestry-fishery exports poised to hit record high in 2025

Agro-forestry-aquatic exports totalled 64.01 billion USD in the first 11 months of 2025. If performance in the final month matches that of recent months, the figure could approach 70 billion USD, far exceeding the 65-billion-USD target set for the year.

A view of Dinh Vu port in Hai Phong city. (Photo: VNA)

Circular on domestic maritime transport permits for foreign vessels issued

Under the circular, which will take effect from February 1 next year, the Minister of Construction will grant the permits for cases such as transporting oversized or overweight cargo or other types of goods using specialised vessels; clearing congested cargo, passengers, and luggage at ports when Vietnamese ships are unable to handle them; and conducting disaster relief, disease control, or emergency humanitarian aid.

At a tax office in Hanoi (Photo: VNA)

Decree regulates corporate income tax incentives

A CIT rate of 15% applies to enterprises with a total revenue in the preceding year of not more than 3 billion VND (114,000 USD), while a CIT rate of 17% applies to enterprises with a total revenue in the preceding year of over 3 billion VND but not more than 50 billion VND.

Ho Chi Minh City’s downtown area and the Thu Thiem peninsula, where the International Financial Centre is being developed. (Photo: VNA)

GOE Alliance commits to partnering with HCM City IFC

The GOE Alliance was officially launched at the Autumn Economic Forum in November 2025, bringing together technology firms, financial institutions, policy experts and international partners, including Viettel Digital Services, Dragon Capital, Tether, Ava Labs, Sky Mavis, Republic and Onchain Academy. The alliance aims to pilot on-chain economic models within a policy-oriented legal framework.

Vietnam's foreign trade is projected to hit a record of over 900 billion USD in 2025, positioning the country among the top 15 global trade powers. - Illustrative image (Photo: dantri.vn)

Vietnam joins elite group of 15 largest trading countries

The country recorded its first trade surplus in 2012 and has maintained a continuous streak of surplus for 10 years since 2016. The surplus grew steadily, hitting 19.9 billion USD in 2020, a record of 28.3 billion USD in 2023, and 24.9 billion USD in 2024.

Officials visit a booth at the festival. (Photo: VNA)

Vietnam OCOP Festival 2025 opens in Hanoi

The festival functions as a space to bring together regional OCOP excellence, a forum connecting OCOP stakeholders with distributors, investors, experts and consumers, and a platform to spread pride in indigenous culture, local knowledge, and the aspiration for legitimate prosperity.

Prime Minister Pham Minh Chinh (third from right) and officials launch the Ministry of Construction’s new information technology systems at the conference on December 21. (Photo: VNA)

Modern, comprehensive infrastructure – a need for fast, sustainable development: PM

The Party and State continue to define infrastructure development as one of the three strategic breakthroughs, with priority given to building comprehensive and modern infrastructure, particularly transport facilities, technological infrastructure, and green – digital transition infrastructure, to help realise the national target of double-digit growth, the PM said.