The Trump Organization is expressing interest in investing in golf courses, entertainment, and resort complexes in Hung Yen province of Vietnam.
Known for its involvement in various sectors, including hotels, real estate, golf courses, entertainment, publishing, asset management, and marketing, the group seeks to expand its operations in Vietnam. According to the Hung Yen newspaper, Nguyen Huu Nghia, Secretary of the Hung Yen Provincial Party Committee, met with senior leaders from The Trump Organization to discuss potential collaborations. The meeting, also attended by leaders from various local sectors, centered on investment opportunities in Hung Yen.
The Trump Organization’s representatives emphasized their desire to partner with the province, particularly in hotel construction, golf courses, and entertainment complexes, areas where they have significant expertise and a strong international reputation. They also requested that the province facilitate conditions that would support the group’s participation in its development efforts, aiming to strengthen diplomatic relations between Vietnam and the United States.
Nguyen Huu Nghia outlined the province’s potential and strategic advantages, along with its long-term economic development plans, which include transforming Hung Yen into a modern hub for industry and services. He also highlighted investment projects focused on transport infrastructure aimed at enhancing regional connectivity between Hung Yen and Hanoi, and leveraging tourism and entertainment opportunities around Hanoi and the Red River Delta.
The Secretary of the Hung Yen Special Economic Zone reiterated the province’s commitment to providing a favorable legal environment for The Trump Organization to explore investment opportunities. However, he noted that many steps still need to be taken to turn this potential cooperation into reality. Local authorities will continue working closely with central agencies to ensure effective promotion of investment in the region.
Founded in 1927, The Trump Organization is a family-owned business, primarily involved in construction and real estate development, with major operations in New York. Since Donald Trump took over in 1971, the company has expanded into other sectors, including hospitality and entertainment. Following his election as U.S. President in 2016, Trump handed over the leadership of the company to his children. Today, The Trump Organization is one of the leading real estate investment firms, with numerous large-scale projects around the world.
One of its first major successes under Trump’s leadership was the renovation of the Commodore Hotel in Manhattan, which reopened as the Grand Hyatt New York in 1980. This was followed by the development of Trump Tower, which opened in 1983 and remains a landmark in New York City, housing both luxury brands and the Trump family’s offices.
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Source: Vietnam Insider