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
Only 10 FDI companies listed in Vietnam, an 'extremely small figure': market watchdog
Despite their strong presence and significant contribution to Vietnam’s economy, the number of FDI enterprises listed on the local stock market remains far below potential, said State Securities Commission (SSC) chairwoman Vu Thi Chan Phuong.
Finance - Wed, December 10, 2025 | 11:46 am GMT+7
HCMC needs to unlock Can Gio’s maritime potential: experts
Ho Chi Minh City is entering a pivotal phase to move closer to becoming a regional “mega city,” with the planning and development of Can Gio’s maritime space seen as a driving force.
Economy - Wed, December 10, 2025 | 8:00 am GMT+7
Indonesia seeks new oil and gas sources
Indonesia’s Geological Agency has launched an airborne survey in Sulawesi to identify potential new oil and gas reserves as the government is seeking to expand hydrocarbon exploration and attract fresh investment.
Southeast Asia - Tue, December 9, 2025 | 9:26 pm GMT+7
Construction giant Vinaconex to acquire 98% stake in state-controlled Viwaseen
Vietnam’s leading construction firm Vinaconex (HoSE: VCG) has approved a plan to acquire 98.16% of Viwaseen Corporation in a deal expected to cost around VND1.23 trillion ($46.69 million).
Companies - Tue, December 9, 2025 | 5:43 pm GMT+7
Jollibee earns over $58 mln from fried chicken, coffee chains in Vietnam in Jan-Sept
The Philippines’ Jollibee Foods Corporation (JFC) earned an EBITDA (earnings before interest, taxes, depreciation, and amortization) of nearly PHP3.47 billion ($58.32 million) from its fried chicken chain Jollibee and Highlands Coffee chains in Vietnam in the first nine months of this year.
Companies - Tue, December 9, 2025 | 5:39 pm GMT+7
Lawmakers urge incentives for private investment in offshore wind power
Vietnamese lawmakers have called for stronger policy incentives to encourage private investment in offshore wind power and small modular nuclear reactors (SMRs), as the country seeks to meet rising energy demand while ensuring emissions reduction.
Energy - Tue, December 9, 2025 | 4:57 pm GMT+7
De Heus seeks to build agri chain in central Vietnam province Gia Lai
The De Heus-Hung Nhon joint venture is eyeing investing in a series of large-scale projects involving livestock farming, processing, and raw materials development in Gia Lai province.
Industries - Tue, December 9, 2025 | 1:50 pm GMT+7
Vietnam's central hub Danang rolls out unprecedented incentives for Free Trade Zone
Danang has rolled out a slate of unprecedented incentives to attract investment flows, particularly FDI, into its Free Trade Zone.
Industries - Tue, December 9, 2025 | 9:20 am GMT+7
Logistics set to become ‘super sector’ in Vietnam: association chairman
Vietnam’s logistics sector is expected to evolve into a “super sector,” becoming a major driver of FDI and infrastructure development, said Dao Trong Khoa, chairman of the Vietnam Logistics Business Association (VLA).
Economy - Tue, December 9, 2025 | 9:00 am GMT+7
Five economies seen powering ASEAN’s next growth cycle
ASEAN is poised to enter 2025-2026 with strong momentum, anchored by five dynamic economies, namely Malaysia, Indonesia, Thailand, the Philippines, and Vietnam (MIT-PV), according to Shan Saeed, chief economist at IQI Global.
Southeast Asia - Mon, December 8, 2025 | 10:42 pm GMT+7
Philippines suspends pork imports from Spain due to African swine fever outbreak
The Philippine Department of Agriculture (DA) announced on December 8 that it has suspended the importation of pigs and pork products from Spain due to the African swine fever (ASF) outbreak in this European country.
Southeast Asia - Mon, December 8, 2025 | 10:37 pm GMT+7
Consumer behavior changes force businesses to rewrite rules of the game: exec
Vietnam is enjoying a golden moment as consumer behaviors change, said Le Tri Thong, vice chairman of Phu Nhuan Jewelry JSC (PNJ), the country's leading jewelry producer.
Economy - Mon, December 8, 2025 | 10:21 pm GMT+7
Choosing the right textbooks: The first step toward stable, high-quality education
Selecting an appropriate textbook set is increasingly vital, ensuring stability and consistency in teaching and learning, cost efficiency, and equal access for students nationwide under the 2018 General Education Program.
Companies - Mon, December 8, 2025 | 5:42 pm GMT+7
Vietnam Education Publishing House provides 366,000 textbooks for students in central Vietnam flood-affected areas
The Vietnam Education Publishing House (VEPH) has delivered 366,000 textbooks worth VND5.3 billion ($201,000) to students in Dak Lak, one of the provinces hit hardest by the historic floods that swept through central Vietnam in November.
Companies - Mon, December 8, 2025 | 5:29 pm GMT+7
OCB affirms position as transparent, sustainable bank with prestigious awards
Amid continuous market volatility and increasingly stringent governance standards in the financial sector, Vietnam’s Commercial Bank (OCB) has once again demonstrated its leading position by consecutively earning major industry recognitions.
Companies - Mon, December 8, 2025 | 5:21 pm GMT+7
Trump-linked $1.5 bln golf resort in Vietnam unlikely to generate revenue before 2030: broker
Vietnamese developer Kinh Bac City Development Holding Corporation (HoSE: KBC) may not see commercial returns from its Trump-branded golf and resort complex project until around 2030, brokerage KB Securities Vietnam (KBSV) said in a recent report.
Real Estate - Mon, December 8, 2025 | 5:02 pm GMT+7
