The Sun Group held a ceremony on September 4 to commence construction on a resort complex on Hon Thom Island and a cable car line linking it with Phu Quoc Island off southern Kien Giang povince.
Sun Group-built cable car line in Ba Na Hills Resort, central Da Nang City. (Photo: VNA)
The Sun Group held a ceremony on September 4 to commence construction on a resort complex on Hon Thom Island and a cable car line linking it with Phu Quoc Island off the southern province of Kien Giang.
Prime Minister Nguyen Tan Dung attended the ceremony and issued an order to kick off the project.
According to the Sun Group, the three-track cable car project is 8-kilometres in length, connecting An Thoi town in Phu Quoc district and Hon Thom island.
Once completed, it is expected to be the world’s longest line, even longer than the 1.5-kilometre Mt. Fansipan cable which currently holds the world record.
The cable car runs at an average speed of 8.5 metres per second and is capable of carrying 3,500 passengers per hour.
The first phase of the project costs approximately 4.9 trillion VND (218 million USD) and uses the most modern type of cable car technology imported from Austria-based producer, Doppelmayr Geraventa Group, who is renowned for building thousands of aerial ropeways worldwide, including those in the Alps (France) and Table Mountain (South Africa).
The Hon Thom complex will be built into a world-class resort with a marina, hydro plane service, marine and cuisine villages alongside an entertainment park featuring adventurous games and scuba diving.
The Sun Group will make its utmost efforts to launch the cable car prಞoject on April 30, 2017 and believes the resort complex will help improve local incomes and boost the province’s economic growth, said its General Director Dang Minh Truong.-VNA
From the beginning of this year, investments in resort properties have shown signs of revival after the market crash of 2008, and this led to huge excitement among big developers.
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.
136 tourism project worth 144 trillion VND (6.6 billion USD) are now being implemented in Phu Quoc island in the southern coastal province of Kien Giang.
The Southern Power Corporation under the Electricity of Vietnam will begin construction on the country’s longest sea-crossing cable line in the southern province of Kien Giang on September 4.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Sun Group-built cable car line in Ba Na Hills Resort, central Da Nang City. (Photo: VNA)
