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Vietnam's US$5B Apec island project faces critical delays

Vietnam's ambitious US$5 billion Apec island project on Phu Quoc is facing significant delays, with only 18 months remaining until the 2027 summit. The development, which includes airport upgrades, a light-rail line, and luxury hotels, is hampered by shortages of workers, construction materials, and diesel fuel. Key infrastructure, such as a major boulevard, remains unfinished, and no new hotel rooms have been completed. AI

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Vietnam's US$5B Apec island project faces critical delays

COVERAGE [1]

  1. SCMP — Tech TIER_1 · Minh Tran ·

    Vietnam’s US$5 billion Apec island is running out of time

    Ahead of next year’s Apec summit, Vietnam has a grand plan to transform Phu Quoc, its largest island, into Southeast Asia’s leading conference and exhibition hub. The 137 trillion dong (US$5.2 billion) blueprint includes an airport overhaul, a light-rail line, clusters of luxury …