Sun Group Partners with China's Gold Mantis for APEC 2027 Projects in Phu Quoc

Overview

Sun Group has entered into a strategic partnership with Gold Mantis, China’s top architectural design and construction firm, to provide design and construction services for key national projects in Vietnam. The collaboration will focus on the APEC 2027 event complex in Phu Quoc, including airport and other critical infrastructure, as part of Sun Group’s efforts to accelerate the project timeline and create a national landmark.

Key Facts

• Sun Group and Gold Mantis signed a Memorandum of Understanding (MOU) on April 14, 2026, during a high-level Vietnamese delegation visit to China.
• The partnership covers the period 2026-2031, focusing on design, construction, interior finishing, and advanced technology application (BIM).
• Gold Mantis will be the strategic partner for interior works of the APEC 2027 complex in Phu Quoc, including the airport and other key items.
• Gold Mantis has been ranked No. 1 in China for 23 consecutive years and holds 151 Luban Awards.
• The firm has over 10,000 employees and an annual portfolio exceeding 200 billion RMB.
• Gold Mantis is the first architectural design and decoration company listed on a Chinese stock exchange and owns brands like HBA, which designs interiors for global hotel chains (Hilton, Hyatt, Four Seasons, Ritz-Carlton).
• APEC 2027 is expected to gather leaders from 21 member economies and thousands of businesses, marking Vietnam’s largest multilateral diplomatic event this decade.

What Happened

On the evening of April 14, 2026, during an official visit to China by a high-level Vietnamese delegation, Sun Group and Gold Mantis signed a comprehensive strategic cooperation memorandum. The agreement covers design, construction, interior finishing, and the application of advanced technologies such as Building Information Modeling (BIM).

The partnership prioritizes national key projects, with a notable focus on the APEC 2027 complex in Phu Quoc. Gold Mantis will handle interior works for the airport and other critical components. Sun Group has been mobilizing resources to expedite the project, aiming to create a national landmark. This collaboration adds to Sun Group’s roster of international partners for APEC-related projects, including Changi Airports for airport operations and Dragone for show operations.

Market Context

Sun Group is a private conglomerate with significant real estate and tourism developments in Vietnam, particularly in Phu Quoc. The company is not publicly listed on Vietnamese exchanges (HOSE, HNX, or UPCOM), but its projects often involve listed entities such as SGP (Cang Sai Gon Port), which closed at VND 24 on April 10, 2026, with low volume. The partnership underscores Sun Group’s strategy to leverage international expertise for large-scale infrastructure, which could indirectly benefit related listed companies through increased economic activity in Phu Quoc.

Strategic Significance

This partnership positions Sun Group to deliver world-class infrastructure for APEC 2027, enhancing Phu Quoc’s profile as an international event hub. Gold Mantis’s expertise in large-scale projects (e.g., Beijing Daxing Airport, Angkor International Airport) and its ownership of HBA provide Sun Group with access to top-tier design and construction capabilities. For investors, the collaboration signals Sun Group’s commitment to meeting tight deadlines and quality standards, which could boost tourism and real estate values in Phu Quoc. The long-term agreement (2026-2031) also suggests sustained investment in the region.

What to Watch

• Progress updates on APEC 2027 infrastructure milestones, particularly the Phu Quoc airport expansion.
• Further partnerships between Sun Group and other international firms for the event.
• Impact on tourism and real estate prices in Phu Quoc as the event approaches.
• Any financial disclosures from Sun Group or related listed entities regarding project costs or revenue.
• Official confirmation of APEC 2027 schedule and participant list.