Resolution removes hurdles for APEC 2027 projects in Phu Quoc

The resolution is expected to provide an important legal basis for addressing issues arising during the implementation of projects subject to particularly urgent deadlines, while maintaining strict oversight and accountability.

A perspective of the first section of the Phu Quoc urban railway line (Photo: VNA)
A perspective of the first section of the Phu Quoc urban railway line (Photo: VNA)

Hanoi (VNA) – The 16th National Assembly, during its first extraordinary session on August 24, adopted a resolution introducing special mechanisms to remove obstacles facing projects serving the 2027 APEC Economic Leaders' Week in Phu Quoc special zone in the Mekong Delta province of An Giang, with 92.8% of deputies voting in favour.

The resolution is expected to provide an important legal basis for addressing issues arising during the implementation of projects subject to particularly urgent deadlines, while maintaining strict oversight and accountability.

Removing obstacles for ongoing projects

Minister of Finance Ngo Van Tuan said the Government had clarified the scope of the resolution to cover projects and works that had been initiated and were under construction from March 2025 to before May 18, 2026.

The Government, ministries, and the provincial authorities will monitor, inspect, and supervise implementation to ensure the special mechanisms are applied only to eligible projects. The scope will not be expanded or used as a precedent for other cases.

The resolution addresses the urgent situation in which some APEC projects had to begin construction within a very short timeframe while procedures related to investment, construction, land, acceptance, handover, payment and final settlement had not been fully completed.

The mechanisms apply to projects on the list approved by the Prime Minister under Decision No. 948/QD-TTg dated May 17, 2025; works under reciprocal projects implemented on land used to pay investors of the APEC Convention Centre project under the build-transfer (BT) model; and certain mineral exploitation and recovery and waste disposal activities serving eligible projects.

Projects eligible for the mechanism must also meet specific timing requirements, focusing on those whose implementation or construction began between March 2025 and May 18, 2026.

Clearly defining the eligible projects, scope and timeframe is important to address the practical difficulties facing APEC projects while avoiding an overly broad application or setting a precedent for other cases.

Tackling mineral and waste issues

Mineral exploitation and recovery and construction waste treatment are among the specific challenges arising during construction projects in Phu Quoc.

The Government has introduced coordinated controls between An Giang and relevant ministries over waste disposal and reception, mineral recovery and exploitation, and project appraisal and acceptance, with a view to ensuring environmental, fire safety and labour safety requirements.

Streamlining certain procedures does not mean relaxing management. Instead, some controls will shift from prior checks to post-inspection, while project owners, investors and contractors remain responsible under existing laws.

For minerals, financial obligations will be determined based on contracts, invoices, payment documents, and other records proving that minerals were exploited or recovered for construction. Those providing such documents are responsible for their accuracy and authenticity.

Eligible projects may handle construction waste under the special mechanism, while projects carried out after May 18, 2026 must comply with existing laws. Environmental responsibilities also remain in place, including site restoration and compensation for any environmental damage.

Easing resource pressure

Another major challenge is the shortage of labour and other resources as numerous large projects are being implemented simultaneously.

According to the provincial People’s Committee, 21 major APEC projects have increased labour demand on Phu Quoc by about 50%. The airport project alone employs around 4,000 workers but remains short of about 2,000, while many construction packages have only 30-40% of the workforce needed to meet deadlines.

As an island, Phu Quoc must bring in workers, materials, machinery and equipment from the mainland, increasing transportation and construction costs. Fuel price fluctuations, higher material costs and seasonal weather conditions have also affected project implementation.

The resolution does not introduce an immediate separate mechanism for newly arising construction norms and prices. Instead, the provincial People’s Committee and investors are tasked with clarifying completed work, volumes and actual costs for submission to the Government and competent authorities.

The resolution thus establishes a special legal framework to help agencies, investors and contractors complete procedures, address emerging problems and accelerate APEC-related projects, while ensuring that progress goes hand in hand with quality, safety, efficiency and accountability./.

VNA

See more

A view of the deep-water port Gemalink. (Photo: gemadept.com.vn)

Seaport profits surge as trade growth supports positive second-half outlook

Profit contributions from joint ventures and associates rose 58%, with Gemalink alone increasing 43%. The improvement provided a clearer indication of core operating performance, while Gemadept also recorded an extraordinary gain of more than 600 billion VND from a divestment move in the second quarter.

Online shopping is becoming increasingly common, but unlike traditional transactions, consumers often cannot directly see products, meet sellers or immediately verify information. - Illustrative image (Photo: VNA)

Consumer trust key to sustainable e-commerce growth

Management agencies should strengthen coordination and data sharing with digital platforms, preserve electronic evidence and prevent sellers whose accounts have been blocked from quickly resuming business under new identities.

An organic vegetable model in Hanoi. (Illustrative photo: VNA)

Vietnam fine-tuning Extended Producer Responsibility policy to promote circular economy

Vietnam’s revised EPR framework is therefore expected to build a more comprehensive ecosystem covering collection, transportation, sorting, recycling, data management and supervision, making producers’ responsibilities closely linked to actual recycling outcomes. This will help EPR become a genuine driver of the recycling market and Vietnam’s transition toward the circular economy.

Visitors look for traditional Vietnamese handicrafts at Paris Fair (Photo: VNA)

Vietnamese firms urged to join global value chains

Vietnam should develop a strong domestic business force capable of absorbing technology, standards, management practices and market access from major corporations. At the same time, it is necessary to issue policies that encourage FIEs to actively seek, develop and use Vietnamese suppliers.

Processing prawns for export (Photo: VNA).

Vietnam's economy expected to grow 11% in 2027

AFP reported that Vietnam’s economy grew 8.4% year-on-year in the second quarter of 2026, exceeding the previous forecast of 7%. In the first half of the year, GDP expanded 8.2%, with industry and construction remaining key drivers of growth, alongside a recovery in manufacturing activity and domestic demand.

Vietnamese businesses connect with importers, distribution systems and partners at the Vietnam Coffee Festival 2026 in Singapore (Photo: VNA.)

Vietnam-Singapore ties gain new momentum through SME cooperation

From the Digital Economy-Green Economy Partnership to connectivity programmes between Enterprise Singapore and Vietnam’s Ministry of Science and Technology, policy mechanisms are no longer merely on paper but have become practical resources, creating a secure and favourable legal framework for businesses.

The total investment for VSIP Ha Tinh is more than 1.5 trillion VND (57.4 million USD) (Photo: VNA)

Vietnam-Singapore economic ties enter new phase of cooperation

As complementary economies, Vietnam and Singapore have promoted the implementation of trade agreements to strengthen bilateral economic ties. Both members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), the two countries have effectively tapped the benefits offered by these free trade agreements.

Package XL3 of the Ho Chi Minh City Ring Road 3 passing through Vinhomes Grand Park urban area, Long Binh ward. (Photo: VNA)

Ho Chi Minh City to start works, inaugurate 16 projects on National Day

According to the Ho Chi Minh City Department of Construction, the southern metropolis will start 11 projects and put five works into operation in transport, technical infrastructure, housing, civil construction and industry, with total investment exceeding 249.4 trillion VND (9.5 billion USD).

All fishing vessels operating in Ca Mau must use the electronic catch documentation and traceability (eCDT) system when entering or leaving designated fishing ports. (Photo: VNA)

Ca Mau tightens controls to combat IUU fishing

The southernmost province of Ca Mau is among the localities facing significant pressure in implementing the EC’s recommendations on IUU fishing. Vice Chairman of the provincial People’s Committee Le Van Su has urged local authorities, particularly leaders, to take greater responsibility, stressing the principle of “no formal reporting, no excuses and no evasion of responsibility.”

E.town office complex on Cong Hoa street, Ho Chi Minh City. (Photo: VNA)

AI drives new standards for office market

With GCCs, technology and sustainability converging, Ho Chi Minh City’s office market is entering a new phase in which operational quality and adaptability are becoming increasingly important, alongside location.

The inauguration of Tokuyama Vietnam's polysilicon plant in Ho Chi Minh City (Photo: Ho Chi Minh City Portal)

Japanese firm to produce key chip material in Vietnam, Malaysia

Tokuyama's Vietnam plant, inaugurated last week, will grind, clean and analyse polysilicon, an essential raw material for semiconductor wafers. Tokuyama is investing 60 million USD in the facility, which is ultimately expected to reach an annual capacity of 4,000 tonnes.

Farmers tend to rice crops in Can Tho city. (Photo: VNA)

Can Tho to host second Vietnam International Rice Festival

The second Vietnam International Rice Festival in Can Tho city from November 23-26 aims to showcase Vietnam’s rice industry, promote its rice heritage, strengthen the country’s position in global food security, and develop a sustainable rice value chain.

A discussion at the forum "Vietnam-ASEAN in Global Value Chains: From Signal to Action". (Photo: VNA)

Vietnamese firms urged to strengthen capacity as ASEAN pushes deeper digital integration

Vietnamese businesses have established leading positions in some supply chains, including seafood, wood processing, cashew and coffee processing. However, in manufacturing and electronics, many firms remain concentrated in assembly and the supply of simple components. Data transparency, traceability and effective supply-chain management are key to helping leading businesses maintain their positions.

Members of the Vietnam-ASEAN value chain cooperation initiative make debut (Photo: VNA)

Ho Chi Minh City launches VSM 70 pilot programme to upgrade factory competitiveness

Selected companies will have their operations assessed and benchmarked against international best practices. They will get tailored improvement roadmaps and direct support from experts at their factories. They will also join a business community to share real-world experience, and must name one point of contact, share accurate operational data, and keep leaders involved throughout the process.

Ship 743 brings fisherman Truong Van Chung back to the Naval Squadron 129 port at noon on August 18, 2026. (Photo: VNA)

Ho Chi Minh City advances strategy for strong maritime nation

The resolution marks a shift from focusing primarily on the maritime economy to viewing the sea as an economic, strategic and living space, requiring close coordination between development, defence, security, foreign affairs and modern maritime governance.

Vietnamese products increasingly win popularity (Photo: VNA)

Vietnam’s home market gives local brands room to grow

Notably, the domestic market has changed a lot. Consumers no longer pick products solely on whether they are domestic or foreign. Quality, price, origin, design, safety, after-sales service and shopping experience increasingly drive purchases.