HCMC authorities to work with The Trump Organization on tower project
A delegation from The Trump Organization is set to work with Ho Chi Minh City's leaders on plans to build a skyscraper in the Thu Thiem New Urban Area.
An illustration of Thu Thiem New Urban Area in Thu Duc city of Ho Chi Minh City, southern Vietnam. Illustration courtesy of the city's administration.
According to the working schedule of the municipal People's Committee, Vice Chairman of the committee Vo Van Hoan will have a working session with The Trump Organization today afternoon, Monday.
In the evening of Thursday, May 22, Chairman Nguyen Van Duoc and Vice Chairman Vo Van Hoan will receive the group's leaders.
Previously, an official dispatch from the HCMC Department of Foreign Affairs stated that Vietnam's Kinh Bac City Development Holding Corporation (KBC) and Saigon Invest Group (SGI) have participated in promoting the Trump Vietnam project in HCMC and had a meeting with the city's leaders in March.
The delegation this time includes two groups. Group 1, led by Charles James Boyd-Bowman, will enter HCMC from May 19.
Boyd-Bowman is CEO of IDG Capital Vietnam which represents The Trump Organization in the country and director of The Trump Organization's $1.5 billion golf, eco-tourism and urban complex in Hung Yen province.
Group 2, led by Eric Trump, executive vice president of The Trump Organization and the third son of President Donald Trump, will enter the city from May 22.
The delegation will go to the Thu Thiem New Urban Area to survey the proposed location of the Trump Tower and is expected to have a working session with HCMC leaders about this project.
Recently, a $1.5 billion golf, eco-tourism and urban complex in the northern province of Hung Yen, proposed by a joint venture between Vietnam's Hung Yen Investment and Development Group and IDG Capital, which represents The Trump Organization, received in-principle approval from the Vietnamese Government.
Under a decision signed by Deputy Prime Minister Tran Hong Ha, the mega project will cover 990.43 hectares in six communes of Khoa Chau district, Hung Yen - a neighbor of Hanoi.
Its total investment capital is estimated at VND39,787 billion ($1.53 billion), including VND4,078 billion for compensation and resettlement. The project, near the Red River, will operate for 50 years, with construction scheduled to begin in Q2/2025 and be completed by Q2/2029.
In a meeting with Boyd-Bowma on March 18, Prime Minister Pham Minh Chinh called on The Trump Organization to position Vietnam as a business base and expand its investment footprint to other localities in the country as well as potential areas in which the organization excels and Vietnam prioritizes.
He asked the firm to strengthen partnerships with Vietnamese enterprises, helping them engage in its global supply chain and ecosystem.
Boyd-Bowman revealed that his company is actively exploring more investment opportunities in Vietnam.
- Related News
- Read More
Vietnam pledges support for AES investment in green energy
Vietnam will continue to facilitate foreign investment and business activities, including those by U.S. enterprises, in line with laws and the country’s evolving development needs, said Tran Luu Quang, Chairman of the Party Central Committee’s Commission for Policies and Strategies.
Companies - Wed, July 9, 2025 | 11:10 pm GMT+7
Tezuka Daisuke appointed as new general director of Aeon Vietnam
Aeon Group has appointed Tezuka Daisuke, who is in charge of its organization reform for fiscal year 2025, as general director of Aeon Vietnam Co., Ltd.
Companies - Wed, July 9, 2025 | 11:03 pm GMT+7
Vietnam mobilizes over $7 bln for Just Energy Transition
Vietnam has so far mobilized more than $7 billion for its Just Energy Transition agenda under the Political Declaration on the Just Energy Transition Partnership (JETP).
Companies - Wed, July 9, 2025 | 10:38 pm GMT+7
Thailand hopes to conclude US trade talks before new deadline
Thailand is optimistic that it can finalize a trade deal with the U.S. before the August 1 deadline to avoid a 36% tariff imposed by President Donald Trump, according to Finance Minister Pichai Chunhavajira.
Southeast Asia - Wed, July 9, 2025 | 10:34 pm GMT+7
Southeast Asia seeks additional tariff negotiations with US
Southeast Asia's biggest economies are preparing to intensify trade negotiations with the U.S. after being subjected to steep tariff rates, despite having made a series of last-minute proposals aimed at increasing imports and significantly reducing tariffs on U.S. goods.
Southeast Asia - Wed, July 9, 2025 | 10:31 pm GMT+7
Foreign capital massively flows into banking, securities stocks
Foreign investors net bought for the sixth consecutive session on the Vietnamese stock market Wednesday, to the tune of nearly VND2,000 billion ($76.5 million), focusing on banking and securities stocks.
Finance - Wed, July 9, 2025 | 10:17 pm GMT+7
Four new container terminals to be built in northern Vietnam economic hub
Prime Minister Pham Minh Chinh has granted in-principle approval for the development of four new container terminals at Lach Huyen Port in the northern city of Hai Phong.
Infrastructure - Wed, July 9, 2025 | 5:36 pm GMT+7
Sausage mogul eyes $5 bln green energy, cattle project in northern Vietnam
Mai Huy Tan, who founded and later sold the popular Duc Viet sausage brand, has proposed a $5 billion circular economy complex in Quang Ninh province, northern Vietnam.
Industries - Wed, July 9, 2025 | 5:14 pm GMT+7
Northern Vietnam urban-tourism project Cat Ba Amatina has new investor
Hanoi Anpha Real Estate Exchange Co., Ltd. (Hanoi Anpha) has become a major shareholder of Vinaconex ITC, the developer of the Cat Ba Amatina urban-tourism project in Hai Phong city, northern Vietnam.
Real Estate - Wed, July 9, 2025 | 2:57 pm GMT+7
Brazil’s leading food group JBS eyes turning Vietnam into global production hub
JBS, the world’s leading food processing company, is looking to transform Vietnam into a global and regional distribution and production center.
Industries - Wed, July 9, 2025 | 9:51 am GMT+7
Brazilian-backed payment solutions firm Alterosa MK plans expansion in Vietnam
Alterosa MK, a joint venture between Brazil’s Alterosa Group and MK Group of Vietnam, said it expects to receive more support from the two governments for investment expansion.
Finance - Wed, July 9, 2025 | 9:00 am GMT+7
USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB
Singaporean bank UOB's updated USD/VND projections are 26,400 in Q3/2025, 26,200 in Q4/2025, 26,000 in Q1/2026, and 25,800 in Q2/2026.
Economy - Wed, July 9, 2025 | 8:41 am GMT+7
Vietnam's stock market moving toward sustainability, professionalism: exec
The quality of investors in Vietnam has significantly improved as more and more investors start to adopt asset management strategies and disciplined investing, instead of merely engaging in short-term trading, said Nguyen Hoang Yen, chairwoman of Mirae Asset Securities.
Finance - Tue, July 8, 2025 | 11:40 pm GMT+7
Vietnam's credit growth hits record high since 2023
Vietnam’s total credit outstanding surpassed VND17.2 quadrillion (about $658.31 billion) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.
Banking - Tue, July 8, 2025 | 11:26 pm GMT+7
Foreign investors net buy for fifth consecutive session
Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).
Finance - Tue, July 8, 2025 | 6:08 pm GMT+7
Northern Vietnam province opens bid for $2 bln tourism-casino complex project
Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at VND51.5 trillion ($2 billion) in its strategic Van Don Economic Zone.
Real Estate - Tue, July 8, 2025 | 4:37 pm GMT+7
