Ho Chi Minh City, Vietnam — The Trump Organization is setting its sights on Ho Chi Minh City as the next frontier in its Vietnam expansion plans, following the recent green light for a massive US$1.5 billion urban development project in Hưng Yên Province.
In a move that underscores the group’s growing ambitions in Vietnam’s booming real estate sector, representatives of the Trump Organization are scheduled for two high-level meetings with Ho Chi Minh City leadership this week. The meetings are expected to lay the groundwork for the construction of a landmark Trump Tower in the city’s Thủ Thiêm urban area.
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According to the official agenda of the HCM City People’s Committee, Vice Chairman Võ Văn Hoan will meet Charles James Boyd Bowman, Director of the Trump International Hưng Yên project, on May 19. This will be followed by a second session on May 22, during which Eric Trump — Executive Vice President of the Trump Organization and son of former U.S. President Donald Trump — will engage directly with city officials.
Sources familiar with the meetings suggest that the Trump Organization will conduct site surveys and present a preliminary vision for the Trump Tower project in Thủ Thiêm, an area often referred to as the “new financial center” of Ho Chi Minh City.
The renewed interest in Vietnam follows the Trump Organization’s successful approval for a sprawling mixed-use complex in Hưng Yên, just outside Hanoi. That project, spanning more than 990 hectares, will feature a luxury golf resort, high-end residences, and eco-conscious hospitality infrastructure. The development is expected to accommodate nearly 30,000 residents and is slated to break ground in Q2 of 2025, with completion targeted for 2029.
The estimated total investment for the Hưng Yên development reaches approximately VNĐ39.8 trillion (US$1.53 billion), which also covers land compensation and resettlement costs.
A Trump Tower in Ho Chi Minh City — if realized — would mark one of the most high-profile foreign-led real estate projects in southern Vietnam, reflecting both investor confidence in the market and the Trump brand’s continued pursuit of global expansion.
More updates on the proposed project are expected to be released following the meetings this week. Stay tuned to Vietnam Insider for the latest developments.
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Source: Vietnam Insider