📋 Tender Overview
An Giang Provincial Peoples Committee, Vietnam Airports Corporation (ACV), Southern Airport Authority (Ministry of Construction) and Sun Airport Joint Stock Company (SAC) under Sun Group have just completed signing an agreement, agreeing on a plan to transfer all ACVs aviation infrastructure assets at Phu Quoc International Airport. Perspective of Phu Quoc International Airport after expansion. The agreement was signed according to the conclusion of the Prime Minister in Notice No. 625/TB-VPCP dated November 17, 2025 and instructions at the meeting on November 14 chaired by the Prime Minister to remove all obstacles related to property - land to speed up the progress of the airport expansion project, serving the 2027 APEC Summit. Transfer of the entire status quo. Existing assets at Phu Quoc airport According to the agreement, ACV transfers all existing assets at Phu Quoc airport in their original state, including take-off and landing runways, taxiways, service roads, security and emergency works, equipment systems to ensure flight operations and related infrastructure items. An Giang Provincial Peoples Committee plays the role of coordinating agency, receiving assets from ACV and immediately transferring them to SAC according to a specific mechanism specifically guided by the Ministry of Finance for the project. to ensure quick procedures, without disrupting airport operations. After receiving the assets, SAC is responsible for supporting the entire remaining value of the assets according to the appraisal results provided by ACV. The process is carried out in 3 steps: ACV sends a document confirming the asset value; The Provincial Peoples Committee transfers the proposal to SAC within 3 days; SAC completes financial support for ACV within 10 days. Legal, technical, maintenance documents and documents related to assets at Phu Quoc airport will also be fully handed over by ACV to SAC within 10 days. Sun Phu Quoc Airways took off its first commercial flight on November 1. Flight operations are still guaranteed to operate continuously. During the transition period, flight operations at Phu Quoc airport are still operated by ACV to ensure continuity and absolute safety. Only when SAC completes the receipt of all assets and meets the conditions according to specialized regulations, the right to operate the port will be completely transferred. Signing this agreement is a key legal step for the Phu Quoc International Airport expansion project to enter the actual construction phase. Previously, on June 19, Kien Giang Provincial Peoples Committee assigned SAC to be the investor of the airport expansion project with a scale of 1,050 hectares, ICAO 4E standards. and the goal of increasing capacity to 20 million passengers/year. This is one of five projects that achieved and exceeded progress out of a total of 21 priority projects preparing for APEC 2027. After completing the handover work, SAC and the authorities will urgently deploy key items, including T2 terminal, new runway, apron expansion and auxiliary systems, in accordance with the Governments direction at the meeting on November 14. The agreement not only means completing the legal responsibilities between ACV, An Giang Provincial Peoples Committee and SAC but also pave the way for accelerating the progress of airport infrastructure - a key driving force for Phu Quoc to improve its capacity to welcome international visitors, get ready for APEC 2027 and develop into a competitive tourism and service center in the region.Phan TrangSee moreSee moreSee more
