Sun PhuQuoc Airways (SPA) on July 25 operated its inaugural Singapore - Phu Quoc flight, marking the airline's fourth international route and making it the first full-service carrier to fly directly between two of Asia's most celebrated island destinations.
Viewed from above, Runway No. 2 has taken clear shape within the overall layout of Phu Quoc International Airport. Measuring 3,300 metres long and 45 metres wide, the new runway has been built parallel to the existing one. Its pavement and markings have been completed, and the project is now undergoing final technical inspections. At night, the lighting system has been switched on at full intensity for testing.
Rather than applying broad-based support policies, the programme focuses on identifying and assisting businesses with outstanding growth potential.
As the private sector takes on a more central role under the Politburo's Resolution No. 68-NQ/TW, experts and business representatives say Vietnam needs a more comprehensive approach to supporting SMEs. This includes improving institutions, making financial support tools more effective and reshaping the financial system to better suit the characteristics of SMEs.
The financing will support HDBank’s medium- to long-term lending, with at least 40% of ADB’s financing directed to WMSMEs to provide more opportunities for women business owners.
According to the municipal People's Committee, the projects are financed through a combination of public investment, public-private partnerships (PPP) and private capital, reflecting the Government's policy of promoting private sector development.
Vietnam is now at a critical juncture in pursuing what its leadership has described as a new era of national rise. In the long term, the development of the private economic sector will depend not only on supportive policies but also on a stable, transparent institutional environment that guarantees fair competition, said Professor Tao Yitao, Director of the China Centre for Special Economic Zone Research.