Trump Organization launches landmark US$1.5 billion project in Hung Yen

THE HANOI TIMES — Prime Minister Pham Minh Chinh on May 21 attended the groundbreaking ceremony for the Trump International Hung Yen, a high-end urban, tourism and golf complex located in Khoai Chau District, the northern province of Hung Yen.

Covering nearly 1,000 hectares and involving a total investment of over US$1.5 billion, the project is jointly developed by the Trump Organization and Hung Yen Company, a subsidiary of Kinh Bac Urban Development Corporation. It will include a 54-hole golf course, luxury villas, eco-resorts and international-standard urban facilities.

At the ceremony, Prime Minister Chinh said the project represents a positive step in the Comprehensive Strategic Partnership between Vietnam and the United States. He welcomed the participation of foreign investors and stated that such initiatives could contribute to Vietnam's sustainable growth.

Also present were US Ambassador to Vietnam Marc E. Knapper, senior leaders from central and local government, and Eric Trump, Executive Vice President of the Trump Organization. The Prime Minister said the participation of Eric Trump and his spouse brought additional attention and commitment to the project.

Eric Trump described Vietnam as one of the world’s most dynamic markets. He said the project would not only represent a new real estate development, but also reflect a long-term commitment to quality and respect for local values.

Prime Minister Chinh noted that the event coincided with important national anniversaries, including the 50th anniversary of national reunification and the 135th birthday of President Ho Chi Minh. He recalled Vietnam’s journey from hardship to progress, affirming the country's goal of further development and international engagement.

He said the project is expected to create jobs, introduce advanced management practices, and promote the image of Hung Yen and Vietnam to international audiences. He called on ministries and local authorities to coordinate effectively to ensure timely implementation and compliance with safety and environmental standards.

Dang Thanh Tam, Chairman of Kinh Bac Urban Development Corporation, said both sides shared a vision of making Hung Yen a leading destination for golf and lifestyle tourism in the region. He expressed optimism about the partnership and its potential outcomes.