Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the U.S. Embassy in Vietnam, hosted the U.S.-Vietnam Aviation Partnership Roundtable last Friday, bringing together 15 leading American corporations in aviation, technology, and financial services.
The event aimed to open up new opportunities to position Phu Quoc, Vietnam's largest island, as a new aviation and tourism hub in the region.
Sun Group, in collaboration with the U.S. Embassy in Vietnam, hosts the U..S-Vietnam Aviation Partnership Roundtable on September 12, 2025. Photo courtesy of Sun Group.
The U.S.-Vietnam Aviation Partnership Roundtable was attended by U.S. Ambassador to Vietnam Marc Knapper, together with representatives from 15 leading American corporations in aviation, technology, and financial services, including global names such as Amazon Web Services (AWS), Cisco Systems, Collins Aerospace, GE Aerospace, Honeywell, United Airlines, Rapiscan Systems, Gulfstream, BNP Associates, Corgan, Gensler, Hill International, KBR, Oshkosh AeroTech, and Otis Elevator.
Their presence at the roundtable not only demonstrated the vast potential for cooperation, but also reaffirmed the international community’s confidence in the growth of Vietnam’s aviation and tourism industries.
The roundtable was regarded as one of the largest international aviation cooperation events held in Vietnam this year. It was positioned as an investment promotion platform, where businesses from both countries - particularly in the fields of aviation and hospitality - had the opportunity to meet, exchange insights, and explore new avenues for cooperation.
Within the framework of the roundtable, Sun Group introduced Sun PhuQuoc Airways – Vietnam’s first airline pursuing the “resort airline” model, fully invested and developed by the group.
True to its mission reflected in the name, Sun PhuQuoc Airways is building a hub-and-spoke network with Phu Quoc at the center, directly connecting major cities domestically and internationally.
This approach aims to provide every traveler with easier access to Phu Quoc – hailed as the world’s second most beautiful island after the Maldives.
More than an airline, Sun PhuQuoc Airways is positioned as a strategic cornerstone in Sun Group’s diversified ecosystem of experiences on the Pearl Island, encompassing luxury resorts, entertainment complexes, wellness services, shopping, gastronomy, and world-class shows.
Together, they form a seamless journey, where each flight does not simply transport passengers to a destination but ushers them into a complete holiday experience - from the sky to the ground.
In parallel with commercial aviation, Sun Group is implementing plans to upgrade Phu Quoc International Airport to ICAO Code 4E standards, expanding its scale to 1,050 hectares with more than 100 aircraft stands.
This synchronized investment - from ground infrastructure to an advanced airline fleet - demonstrates Sun Group’s long-term and methodical vision, working alongside local authorities to transform Phu Quoc into a new aviation and tourism hub for the region.
At the roundtable, U.S. corporations brought forward a range of cutting-edge solutions. Representatives from leading planning and design firms emphasized the importance of building human-centered “smart airports.”
Technology giants such as Amazon Web Services, Cisco, Collins Aerospace, Honeywell, and Rapiscan presented solutions spanning from cloud computing and data management to advanced security screening and fuel-efficient operations.
Experts from GE Aerospace, Gulfstream, and Honeywell Aerospace further highlighted the global trend toward sustainable aviation, with a strong focus on flight safety, intelligent operations, and the application of sustainable aviation fuel (SAF).
Dang Minh Truong, chairman of Sun Group, said: “For Sun Group, aviation is not merely a means of transportation, but a strategic infrastructure to elevate the stature of a destination. We are building a comprehensive aviation ecosystem — from airport infrastructure to commercial airlines and premium services — with the vision of transforming Phu Quoc from a paradise for leisure into a new aviation and tourism hub of the region.
"The presence of leading US corporations today opens up valuable opportunities for collaboration, enabling us to learn from cutting-edge technologies while reaffirming our commitment to sustainable development and global integration.”
US Ambassador Marc Knapper remarked: “The connections forged today between American aviation leaders and Vietnamese innovators like Sun Group create the foundation for transformative collaboration. By combining cutting-edge US technology with Vietnam's dynamic market growth and visionary private sector leadership, we can accelerate progress toward making Vietnam the premier aviation destination in Southeast Asia.”
The innovative solutions presented by leading international corporations, combined with the strong commitment of Sun Group and Sun PhuQuoc Airways, have marked an important milestone in the journey to transform Phu Quoc into a new global hub for aviation and tourism.
- Read More
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7
















