The Trump Organization eyes golf course-hotel investment in northern Vietnam
The Trump Organization, an American privately-owned conglomerate owned by Donald Trump, aims to invest in building a hotel, golf course, and recreational complex in Vietnam’s northern province of Hung Yen.
A delegation of the American business made the suggestion at a Monday meeting with provincial authorities.
Urging Hung Yen province to support the initiative, The Trump Organization highlighted its strengths in those sectors. The business’s contribution to Hung Yen growth can boost the Vietnam-U.S. comprehensive strategic partnership, it added.
Delegations of Hung Yen People's Committee (right) and The Trump Organization at a meeting in Hung Yen province, northern Vietnam, September 16, 2024. Photo courtesy of Hung Yen newspaper.
Emphasizing Hung Yen’s advantages, Nguyen Huu Nghia, a Central Party Committee member and Party chief of Hung Yen, said the province is pushing transport infrastructure projects to improve its connectivity with the capital city of Hanoi and the Red River Delta.
Hung Yen is also under a master plan to soon become a modern service-industry urban area, he added.
Hung Yen Chairman Tran Quoc Van requested relevant agencies to work with The Trump Organization to proceed with administrative procedures quickly.
Vietnam has about 80 golf courses and 150,000 golfers. The first golf course in the country was Da Lat Palace Golf Club in the Central Highlands province of Lam Dong, while the biggest is Royal Golf Course in the northern province of Ninh Binh.
As of January, an additional 98 golf course projects had been approved in the country, while 160 others are pending approval.
- Related News
- Read More
Southernmost Ca Mau province moves to better tap eco-tourism strengths
The Ca Mau World Biosphere Reserve, which includes the Ca Mau National Park, the U Minh Ha National Park, and the coastal protective forests, not only offers substantial economic benefits but also provides a clean environment that can provide many attractive ecological tourism experiences for visitors.
Travel - Sun, December 8, 2024 | 8:16 pm GMT+7
Vietnamese firms face numerous barriers in green transformation
Enterprises require significant capital to invest in machinery and production processes to embrace green transformation, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber-Plastic Association.
Companies - Sun, December 8, 2024 | 8:06 pm GMT+7
Vietnamese carmaker VinFast starts work on fifth EV plant project
Vietnamese startup automaker VinFast on Sunday kicked off an electric vehicle (EV) plant project in the central province of Ha Tinh - its second in Vietnam and fifth globally.
Industries - Sun, December 8, 2024 | 4:00 pm GMT+7
Vietnam poised to achieve 15% credit growth target: central bank
Vietnam is on track to meet its 2024 credit growth target of 15%, with credit expansion reaching 12.5% as of Saturday, according to Dao Minh Tu, State Bank of Vietnam (SBV) Deputy Governor.
Economy - Sun, December 8, 2024 | 10:42 am GMT+7
Thailand loosens EV production regulations
Thailand’s Board of Investment (BoI) has announced that the government would extend deadlines for electric vehicle (EV) manufacturers to meet domestic production quotas, addressing weak local market demand.
Southeast Asia - Sun, December 8, 2024 | 10:09 am GMT+7
Vietnam's state capital management 'super commission' to cease operation
Vietnam's Commission for the Management of State Capital at Enterprises (CMSC) will end its operations soon and transfer the management of 19 state-owned groups and corporations back to relevant ministries.
Economy - Sun, December 8, 2024 | 9:53 am GMT+7
Vietnam mining firm Nui Phao appoints new general director
Ashley McAleese has been appointed general director of Nui Phao Mining Company, a subsidiary of Masan Group, effective from January 1, 2025.
Companies - Sun, December 8, 2024 | 9:09 am GMT+7
Vietnam stock market may secure upgrade in Sept next year: broker
Vietnam’s stock market could achieve an upgrade to emerging market status as early as September next year, forecast Vietcap Securities.
Finance - Sun, December 8, 2024 | 8:00 am GMT+7
Taiwan’s top rubber firm TSRC to shut down southern Vietnam plant
TSRC, formerly known as Taiwan Synthetic Rubber Corp., will cease all production activities at its compounding materials plant in Vietnam’s southern province of Binh Duong by the end of this year.
Investing - Sat, December 7, 2024 | 10:35 pm GMT+7
Tupperware Vietnam to cease operations on December 31
Tupperware Vietnam has announced that it will officially cease operations by the end of this year and already stopped supplying goods to its dealers.
Companies - Sat, December 7, 2024 | 10:08 pm GMT+7
Vietnam targets GDP growth beyond 10% in 2026-2030: Prime Minister
Vietnam targets a GDP growth of 7% in 2024 and 8% in 2025, in order to prepare for an annual growth beyond 10% in 2026-2030, Prime Minister Pham Minh Chinh said at a monthly cabinet meeting on Saturday.
Economy - Sat, December 7, 2024 | 4:28 pm GMT+7
Vietnam 'best destination' for relocation from China to Southeast Asia: WHA exec
Vietnam is the “best destination” for relocation from China to Southeast Asia amid the “trade war” (between China and the U.S.) starting in 2018, said WHA Corporation CEO and chairperson Jareeporn Jarukornsakul.
Industrial real estate - Sat, December 7, 2024 | 3:13 pm GMT+7
Sunshine’s realty arm to acquire stake in developer of $206 mln resort in central Vietnam
A subsidiary of multi-sector corporation Sunshine Group JSC will acquire a significant stake in the developer of a VND5.23 trillion ($206 million) real estate project in Vietnam’s central province of Thua Thien-Hue.
Real Estate - Sat, December 7, 2024 | 1:17 pm GMT+7
Vietnam inflation up 3.69% in 11 months
Vietnam's consumer price index (CPI), an indicator of inflation, went up 0.13% from October to November and 3.69% in the first 11 months of this year.
Economy - Sat, December 7, 2024 | 11:05 am GMT+7
Major Vietnamese banks rush for share issuances to raise charter capital
Major banks in Vietnam like BIDV, Vietcombank, and VietinBank, all state-controlled, are preparing to issue billions of shares in the near future to strengthen their capital base and meet capital adequacy ratio (CAR) requirements.
Banking - Sat, December 7, 2024 | 8:03 am GMT+7
Popular Vietnamese TikToker arrested for fraud, police seize $197 mln assets
Pho Duc Nam, a popular TikToker known as Mr Pips, has been arrested for allegedly masterminding a network to scam investors out of their money.
Society - Fri, December 6, 2024 | 10:47 pm GMT+7
