Work begins on sea-encroaching urban area construction
Top-notch sea-view villas, five-star hotels, seaside resorts and a yacht port will sprout up on an artificial island in the southwest province of Kien Giang.
Work begins on sea-encroaching urban area construction (Source :VNA)
Top-notch sea-view villas, five-star hotels, seaside resorts and a yacht port will sprout up on an artificial island in the southwest province of Kien Giang, as the Phu Cuong Group (PCG) commenced construction on Phu Gia island, the sea-encroaching urban area project, in Rach Gia city on October 13.
The artificial island, invested at a total cost of about 2.2 trillion VND (98.2 million USD), is set to be built into a modern and stunning architectural ensemble. It will take the group one year to level off the ground’s surface and build the embankment.
Of the total 30 hectares, 30.4 percent of the land will be zoned off for accommodations, 14.47 percent for trade and services, 29.95 percent for green trees and 25.16 percent for transportation.
A highlight of the project is the 6,000-square-metre tidal salt-water swimming pool, the largest in the Mekong Delta region. The pool will be integrated with a line-up of modern and interesting games.
Earlier, the PCG also invested in the Phu Cuong high-end urban area in Rach Gia city, which includes a hospital, national-standardised schools and a sport-entertainment complex. The group is currently building over 1,500 houses which will be able to accommodate about 8,000 residents in the area.
Since 1997, the PCG, one of the leading companies specialised in seafood processing exports in Vietnam, has carried out three sea-encroaching projects in Rach Gia city, helping the city expand by an additional 550 hectares.-VNA.
The Mekong Delta province of Kien Giang has to date lured 243 tourism investment projects requiring a combined 8,000 hectares, 154 of which have already been granted licences, according to the provincial Department of Culture, Sports and Tourism.
The southern province of Kien Giang has grown by an average of 11.4 percent between 2011 and 2015, with marine-based economy making up 75.6 percent of its gross domestic product (GDP) .
The Mekong Delta province of Kien Giang has mobilised nearly 2.5 trillion VND (116.8 million USD) for socio-cultural development of its sea, island and coastal areas over the past five years.
The Mekong Delta province of Kien Giang granted 30 new investment licences in the first six months of this year to projects in agriculture, industry, tourism and trade, according to the provincial People’s Committee.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.