[REVISION HISTORY]

Vietnam accelerates Phú Quốc infrastructure for APEC 2027

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2026-11-04 03:45 UTC → 2026-11-05 01:52 UTC · added ~~removed~~

Infrastructure development for the 2027 APEC summit in Phú Quốc has entered an intensive phase. By August 2026, the island was designated a model security zone, with major road links and hotel complexes nearing completion. To prevent delays, the National Assembly adopted special mechanisms for the Phú Quốc Special Zone, including a temporary suspension of prosecutions to allow for project remediation. Investment in the region is accelerating, with 21 major infrastructure projects totaling over 137 trillion dongs (approximately $5.22 billion) underway. In October 2026, National Assembly President Tran Thanh Man inspected these projects, establishing a “three no” principle: “no delays in deadlines, no compromise on quality or safety standards, and no regulatory violations,” mandating completion by June 30, 2027. To support the summit, authorities have formed Task Force 833 to address land clearance bottlenecks and have increased patrols to maintain security. Aviation capacity saw a major boost on October 29, when Phú Quốc International Airport officially commenced operations on its second 3,300-meter runway (10L/28R). Developed by Sun Group, the runway meets ICAO Code E standards and can accommodate wide-body aircraft like the Boeing 787 and Airbus A350. Following this opening, the existing first runway will be temporarily closed for upgrades to increase its length to 3,500 meters. Diplomatically, Vietnam officially assumed its APEC 2027 chairmanship following the 33rd APEC Finance Ministers' Meeting in Hong Kong. Vietnam has outlined priority themes including strengthening capital markets, promoting data-driven finance, diversifying financial resources, and enhancing the quality of young financial professionals. In November 2026, preparations intensified with the ongoing construction of the APEC Convention and Exhibition Center in Phú Quốc.

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