Business Daily Media

Men's Weekly

.

Phu Quoc prepares for APEC 2027

Phu Quoc Island has captured global attention as the chosen venue for the 2027 Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Week.

PHU QUOC, VIETNAM - Media OutReach Newswire - 8 April 2025 - 2027 will be the third time Viet Nam has hosted APEC, following the events in Hà Nội in 2006 and Đà Nẵng in 2017.

The Vietnamese government has selected the island city of Phu Quoc to host APEC 2027.

A perspective view of APEC Multifunctional Complex in Phu Quoc.
A perspective view of APEC Multifunctional Complex in Phu Quoc.

Kien Giang Province has launched and expedited investments in transportation infrastructure, including Phu Quoc Airport, An Thoi International Port and the APEC Multifunctional Complex, to welcome this hugely significant occasion. The hosting venue will accommodate high-level leaders from 21 member economies, along with thousands of delegates, international journalists and top global business executives.

Upgrading transportation infrastructure

The city will construct a 4E-class airport, including extensive upgrades to passenger and cargo terminals, VIP lounges, aircraft parking areas and runway enhancements.

Phu Quoc International Airport will expand to 1,073 hectares, extending the existing runway to 3.5km, constructing a second 3.3km-long runway and developing a new T2 international terminal, with a capacity of up to 20 million passengers, along with a VIP terminal, an apron for up to 70 positions, hangars and cargo warehouses.

Beyond air travel, upgrades will also be made to the An Thoi International Port which will be expanded to a 100-hectare scale, capable of accommodating the world's largest cruise ships, such as the Icon of the Seas, which carries between 7,000 and 10,000 passengers.

For road transportation between Phu Quoc International Airport and the APEC Summit Convention Centre, the city will expand Provincial Road 975 and develop a new urban rail line. The APEC Avenue project will serve as a key horizontal axis connecting provincial highways (existing boulevards) to the APEC Multifunctional Complex, with a road width of 68m and a length of about 3km.

To support the city's overall development, additional infrastructure projects will include investments in reservoirs, water treatment plants, the renovation of Duong Dong River and the construction of wastewater treatment and waste management facilities.

Fireworks light up Sunset Town in South Phu Quoc Island 365 days a year.
Fireworks light up Sunset Town in South Phu Quoc Island 365 days a year.

Investment in the APEC Multifunctional Complex

The APEC multifunctional complex will accommodate nearly 15,000 people, including a 10,000 square metre conference and exhibition centre, with a seating capacity of 3,000 to 3,500, a multifunctional auditorium, APEC Square and an international press centre capable of accommodating 3,000 to 4,000 journalists.

A high-rise mixed-use area will feature hotels, a duty-free shopping centre, and a multifunctional cultural and arts hub, with 3,000 to 3,500 seats, equipped with state-of-the-art facilities for hosting performances and shows produced by leading global entertainment companies. Within the centre, there will also be a dining area capable of serving 3,000 to 4,000 guests.

With existing landmarks including the Kiss Bridge, the longest non-stop three-rope Hon Thom cable car, and the nightly Kiss of the Sea multimedia show with fireworks displays, the APEC Multifunctional Complex will become a new beacon for visitors and create long-term value for the local tourism industry.

Phu Quoc has been consistently ranked among the best beach destinations in Asia, and the world, by globally renowned media outlets and organisations.

Hashtag: #TDC


The issuer is solely responsible for the content of this announcement.

News from Asia

Wildberries tests ready-to-eat food delivery from restaurants

MOSCOW, RUSSIA - Media OutReach Newswire - 16 July 2025 - Wildberries, a leading digital platform in Eurasia, is launching a pilot service for express delivery of ready-made meals from restaurants...

MSIG Hong Kong’s 2024 Claims Report announces multi-year growth in its claims settlement ratio and highlights award-winning claims processing innovation

94.5% claims settlement ratio was achieved amidst a difficult business environment First year that two categories – Employees' Compensation Hong Kong and Marine - saw settlement ratios of 100% D...

Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business

HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the...

Biotech Breakthroughs in Anti-Aging: Decoding the Hallmarks of Aging and the Longevity Code

The Hong Kong Society of Cosmetic Chemists (HKSCC) Invites Swiss Biotech Expert to unveil scientific truths behind aging Clinical Evidence Confirms Anti-Aging Efficacy of Plant-Based Stem ...

This Summer, Take a Break with a Brick. Join LEGO® Group and Minifigure "Lok Jai" on a Joyful Journey Across 8 "Fun Spots" Explore Hong Kong’s Map of Happiness and Make the Most of Your Holiday

HONG KONG SAR - Media OutReach Newswire - 16 July 2025 - This summer, LEGO® Group teams up with popular minifigure Lok Jai to invite everyone in Hong Kong—young and old—to "Take a Brick" and enjoy...

SY Holdings Issues Positive Profit Alert for 1H 2025: Net Profit Expected to increase by approximately 20%, Platform-Based Tech Revenue Share Surpasses 50%

SHENZHEN, CHINA - EQS Newswire - 16 July 2025 - SY Holdings Group Limited ("SY Holdings" or the "Group", Stock Code: 6069.HK), a leading digital-intelligence technology company focused on "AI + Ind...

SUNRATE Awarded In CNBC’s World’s Top Fintech Companies 2025 List

SINGAPORE - Media OutReach Newswire - 17 July 2025 - SUNRATE, the global payment and treasury management platform, announced today that it has been included in the prestigious CNBC's list of the W...

Reshaping Global Lubricant Supply Chains: Trump-Era Tariffs Driving Industry Pivot Toward Asia

SINGAPORE - Media OutReach Newswire - 17 July 2025 - With the global lubricants industry still adjusting to the lasting impact of U.S. trade policy enacted during the first presidential term ...

Southco Adds New Options To Its E5 Line Of Cam Latches

HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - Southco is adding two new options to its E5 line of quarter-turn cam latches, opening up a variety of new functionalities...

EPIC 2025 Outdid Itself with Record-High 1,200 Applications

Doubled from last year with 87% entering the Hong Kong startup competition from overseas HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - EPIC 2025, organised by Hong Kong Science and Tech...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Sell by LayBy