Phu Quoc a new iconic event destination of Asia
Phu Quoc is experiencing a meteoric rise, both in visitor numbers and the rapid development of its infrastructure, surpassing all expectations.
The island is becoming one of the most sought-after destinations in the region, consistently chosen to host world-class events.
Vietnam’s New Year celebration hotspot
As the clock struck 11:59 p.m. on December 31, 2024, more than 15,000 visitors, both local and international, gathered at Sunset Town in Phu Quoc. All eyes were on the Kiss of the Sea stage as they counted down to a breathtaking fireworks display to ring in the New Year.
The sight of fireworks lighting up the sky above the Kiss of the Sea stage, with the iconic Kiss Bridge in the background, has become a signature image of Phu Quoc. Year-round, the island welcomes guests with festive energy and grandeur.
Guests watched in awe as fireworks lit up the night sky from the Sun Bavaria GastroPub restaurant.
“Every year, my family celebrates New Year’s Eve in Sydney with its famous fireworks. This year, we decided to try something new and came to Phu Quoc. I was blown away by the spectacular fireworks - it’s a scene I’ve never experienced anywhere else,” said Tony, an Australian tourist.
Beyond being a standout destination for New Year celebrations, Phu Quoc has increasingly been chosen to host major international events. Its appeal lies in a rare combination of factors: open visa policies, convenient flight connections, world-class tourism infrastructure, and unparalleled natural beauty.
In 2019, Phu Quoc made headlines when Indian billionaire couple Rushang Shah and Kaabia Grewal picked the island for one of the world’s most anticipated weddings. Fast forward to 2024, the scale and frequency of international events have grown significantly.
In November 2024, Phu Quoc welcomed 500 Coca-Cola guests for the brand’s Asia-Pacific regional gathering. The gala, held at the Kiss of the Sea stage, left attendees in awe with the world’s largest seawater performance, state-of-the-art fire and laser displays, and a show featuring 60 international artists. Coca-Cola representatives called it “the most stunning stage in Vietnam” and expressed their delight.
The Kiss of the Sea stage dazzled during Coca-Cola’s event. Photo courtesy of GenNext.
In the same year, the island hosted an extravagant seven-day Indian billionaire wedding with 350 high-profile guests. The family not only reserved the entire JW Marriott Phu Quoc Emerald Bay resort but also used Sunset Town for traditional Indian wedding rituals. The highlight? A spectacular ceremony on the Kiss of the Sea stage, complete with two dazzling fireworks displays that left guests mesmerized and created a once-in-a-lifetime celebration.
World-class infrastructure driving success
Phu Quoc’s rapid rise as a prime event destination can be attributed to its state-of-the-art infrastructure, which continues to evolve at an extraordinary pace.
Weichun Liu, CEO of global travel platform KKday, was astounded by the island’s transformation: “I first visited Phu Quoc in 2022 and was impressed by the cable car project. On my return, I saw not only infrastructure and hotels but also vibrant performances, night markets, and a fully developed ecosystem. It’s incredible.”
Sunset Town’s nightly performances have become an iconic draw for visitors.
Australia’s micenet, a leading platform for MICE (meetings, incentives, conferences, and Eexhibitions) tourism, highlighted Phu Quoc as a rising star, attracting international attention with its diverse experiences and world-class facilities.
Currently, the island has 311 projects in development, with a total investment of VND428 trillion ($16.92 billion), many of which are mega resorts and entertainment complexes that rival regional and global competitors.
In Southern Phu Quoc, areas like Sunset Town and Kem Beach are particularly well-suited for large-scale events. The Kiss of the Sea outdoor stage can accommodate up to 5,000 guests and features cutting-edge lighting, sound, and fireworks technology, along with a groundbreaking design unmatched anywhere in the world.
For indoor events, venues like the Sun Signature Gallery and Sun Tropical Ballroom can host up to 1,000 attendees. Post-event receptions held on Kem Beach - a beach consistently ranked among the world’s most beautiful - add an unforgettable touch.
Phu Quoc is also a hotspot for international hotel brands such as Marriott, Accor, Hilton, and IHG. Recently, the island expanded its portfolio of prestigious brands with the introduction of Rixos by Sun Group, marking the brand’s debut in Southeast Asia through the Rixos Phu Quoc resort.
In December 2024, Sun Group began construction on the Aspira Tower at Hon Thom. Slated for completion in 2027, this luxury resort-entertainment-commercial complex, featuring The Luxury Collection Hon Thom hotel, is expected to become a new icon, attracting millions of visitors annually to Hon Thom, Phu Quoc.
The Aspira Tower is poised to become a new symbol of Phu Quoc’s growth.
With its proven potential and bold developments on the horizon, Phu Quoc is cementing its status as a global event destination. By the end of next year, the island is expected to complete an international cruise port with a capacity of 3,000-4,000 passengers per trip.
Plans to upgrade and expand Phu Quoc International Airport are also underway, positioning the island to welcome millions of international visitors annually.
- Read More
From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia
Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.
Travel - Thu, July 9, 2026 | 11:09 pm GMT+7
VietinBank seeks to divest entire stake in Hai Phong Port via public auction
VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).
Companies - Thu, July 9, 2026 | 5:10 pm GMT+7
Starlink begins taking orders in Vietnam, first-year service costs $1,190
Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).
Companies - Thu, July 9, 2026 | 4:09 pm GMT+7
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.
Companies - Thu, July 9, 2026 | 3:51 pm GMT+7
Idemitsu Kosan expands energy ecosystem in Vietnam
After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.
Industries - Thu, July 9, 2026 | 1:43 pm GMT+7
Two banks to list on Ho Chi Minh City bourse, expand charter capital
Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.
Banking - Thu, July 9, 2026 | 11:51 am GMT+7
Strong Q2 earnings, lower interest rates to bolster Vietnam stocks
Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.
Finance - Thu, July 9, 2026 | 8:00 am GMT+7
Wistron raises construction, equipment investment in northern Vietnam province to $178 mln
Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.
Industries - Wed, July 8, 2026 | 7:56 pm GMT+7
Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year
Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.
Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7
Vietnam raises airport number target to 36 by 2030 as aviation demand surges
Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.
Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7
Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam
Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.
Industries - Wed, July 8, 2026 | 4:25 pm GMT+7
Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport
Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.
Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7
Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve
Vietnam's real estate M&A market continued to attract foreign capital in the first half of 2026 despite persistent global economic uncertainties, but foreign investors are increasingly targeting assets with clear legal status, stable cash flow, and strong operational performance, with data centers emerging as a key growth segment.
Real Estate - Wed, July 8, 2026 | 1:38 pm GMT+7
Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital
The Vietnam International Financial Center, located in the central city of Danang (VIFC Danang), plans to tokenize nearly $4 billion worth of infrastructure projects as part of a strategy to attract more global capital.
Economy - Wed, July 8, 2026 | 12:17 pm GMT+7
Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms
Rising memory chip prices driven by artificial intelligence are spreading from semiconductor manufacturers to consumer electronics brands such as Apple, Dell and ASUS, pushing up the prices of computers and smartphones.
Companies - Wed, July 8, 2026 | 8:00 am GMT+7
LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam
South Korea's LG Innotek will spend $1 billion to build a semiconductor package substrate manufacturing plant in Hai Phong city, with mass production scheduled to begin in the third quarter of 2028, according to local authorities.
Industries - Tue, July 7, 2026 | 11:13 pm GMT+7
















