19/05/2025
Following the approval of its $1.5 billion integrated urban and golf resort project in Hung Yen, Trump Organization is now shifting focus to Thu Thiem, Ho Chi Minh City, with plans to explore the development of a Trump Tower in this emerging financial district.
Two High-Level Meetings with HCMC Authorities Scheduled
Between May 19–25, representatives of Trump Organization are scheduled to meet with leaders of the Ho Chi Minh City People’s Committee. On Monday afternoon, May 19, Mr. Vo Van Hoan, Vice Chairman of the Committee, is expected to welcome the delegation and conduct an on-site inspection with them.
Later, on Thursday, May 22, Chairman Nguyen Van Duoc and Vice Chairman Vo Van Hoan will host a formal meeting with the Trump Organization leadership to further discuss the investment plan.
Two Delegation Groups Visiting Ho Chi Minh City
This visit includes two separate groups. The first group, led by Mr. Charles James Boyd Bowman, Project Director of Trump International Hung Yen, will arrive in HCMC on May 19. The second group, headed by Mr. Eric Trump, Executive Vice President of the Trump Organization and third son of former U.S. President Donald Trump, will arrive on May 22.
Both groups plan to survey the proposed site in Thu Thiem and meet with city officials to explore opportunities for establishing a Trump Tower in the area.
Prior to this, Trump Organization received official approval for a large-scale project in Khoai Chau District, Hung Yen Province. The project spans 990 hectares and is divided into four main zones:
An eco-residential area integrated with a high-end golf course (projected population: 3,500)
An eco-residential zone combined with a nature-style golf course (1,800 residents)
A commercial urban service zone (29,700 residents)
A dedicated green space and themed park area
The golf course alone will cover over 240 hectares, featuring 54 holes (a 36-hole course and an 18-hole course).
Total investment is projected at nearly VND 39,800 billion (approximately $1.53 billion USD), including over VND 4,100 billion in land compensation and resettlement support. The project is set to run for 50 years, with implementation scheduled from Q2 2025 to Q2 2029.
Trump Organization will jointly develop the project with Hung Yen Hospitality Services Company, a subsidiary of Kinh Bac City Development Holding Corporation (KBC), led by Vietnamese businessman Dang Thanh Tam. The development includes luxury residences, hotels, and a premium golf course.
Mr. Bowman emphasized the organization’s commitment to accelerating progress with the goal of completing the project by March 2027, in time for APEC 2027, and positioning the golf course as a leading international destination.
