The Intercontinental Pacific Group (IPPG) led by Jonathan Hanh Nguyen plans to invest in expanding Cam Ranh International Terminal to serve APEC 2027. The terminal will implement modern technology and expand the shopping area with about 230 commercial units. Completed in 2018, the terminal faced severe challenges after COVID-19, leading to an accumulated loss of 1,582 billion VND. However, Nguyen pledged to restore business and eliminate all accumulated losses by 2026, and is prepared to compensate double if state capital is lost. In 2024, CRTC expects to return to profitability, with passenger volume increasing by 79% compared to the previous year.
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