Vietnam Insider – June 2025 — Hưng Yên Province has broken all previous investment records, attracting nearly $4.5 billion in total domestic and foreign capital in just the first five months of 2025 — more than double the total investment received in all of 2024. This unprecedented surge is fueled by a series of billion-dollar real estate megaprojects, including one linked to the Trump Organization.
According to official statistics, Hưng Yên recorded 47 domestic projects and 32 new or expanded foreign direct investment (FDI) projects in the period, totaling $4.48 billion in registered capital, compared to $2.1 billion for the entire year 2024.
Trump International Hưng Yên Breaks Ground
The biggest contributor to the boom is the Trump International Hưng Yên project, a luxury urban, ecotourism, and golf complex with an investment exceeding VND 39 trillion (~$1.5 billion). The project is a joint venture between Trump Organization, the business group of the family of former U.S. President Donald Trump, and Hưng Yên Company, a subsidiary of Kinh Bắc Urban Development Corporation (KBC).
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Another major project contributing to the surge is the Phase A of the Northern Urban Area of National Highway 5, part of the Phố Nối Urban Zone. Initially assigned to Hòa Phát Group, this project is now undergoing a rebidding process and has seen its capital increased tenfold to VND 35 trillion (~$1.4 billion).
Robust FDI Growth and Long-Term Investor Confidence
In the first five months of 2025 alone, Hưng Yên attracted over $530 million in FDI, bringing the total number of valid investment projects in the province to more than 2,400, with combined registered capital of nearly $28 billion.
The Trump-backed development is just one in a string of headline-grabbing investments. Earlier this year, the province welcomed the Centerville Urban Zone in eastern Văn Giang District, developed by Bách Giang Construction and Investment Development JSC (DCI), covering 50 hectares with total investment of nearly VND 17 trillion (~$670 million).
A Magnet for Billion-Dollar Developments
Hưng Yên has emerged as a major destination for large-scale real estate projects in northern Vietnam. Key developments include: Ecopark: One of the largest urban areas in northern Vietnam, spanning 500 hectares with an estimated investment of $10 billion; Vinhomes Ocean Park 2: Launched in 2021, with a capital investment of $1.6 billion over 460 hectares; Vinhomes Ocean Park 3: A neighboring development with $1.4 billion in capital across 290 hectares.
Infrastructure Boom Fuels Investor Confidence
The investment explosion is closely linked to massive infrastructure upgrades across the province. Hưng Yên is now a strategic hub, connected by major roads such as the Hanoi–Hai Phong Expressway and other high-speed links.
Key ongoing infrastructure projects include: Ring Road 4 – Capital Region: A 19.3 km stretch under active construction with a total investment of VND 5.244 trillion (~$205 million); Hanoi–Hưng Yên Inter-Provincial Road Upgrade: A 33 km project valued at VND 2.9 trillion (~$113 million), with Phase 1 nearly completed.
Looking ahead, Hưng Yên plans to launch three more major infrastructure projects with combined investments exceeding VND 22,800 trillion (~$900 million): A new heritage tourism and economic corridor along the Red River (VND 9.3 trillion); The Ring Road 3.5 project (VND 1.5 trillion); Construction of the Ngọc Hồi Bridge, with an estimated investment of nearly VND 12 trillion.
A Transformational Moment
The influx of foreign and domestic investment, particularly high-profile partnerships like Trump Organization and KBC, signals Hưng Yên’s transformation into a premier destination for real estate, tourism, and infrastructure development in Vietnam.
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Source: Vietnam Insider