Trump International, Vietnam

The Trump International Hung Yen is a planned golf and residential development in Vietnam in partnership between The Trump Organization, IDG (independent from IDG Capital), and Kinh Bac City Development Holding Corporation (KBC) which is chaired by Đặng Thành Tâm.[1][2] The Trump-branded project is one of 23 to be developed outside the United States during the second Trump presidency.[3] The project, if completed, "would be one of the biggest in the Trump Organization’s portfolio (...) covering an area as big as Newark Liberty International Airport".[1]

History

For the development, similarly to other Trump-branded project, "the Trump Organization picked local partners with limited experience or checkered histories to develop the sites". While KBC has been a "FDI magnet, hosting global giants like Foxconn, Luxshare, Goertek (Apple partners), and LG across its industrial parks",[4] it's hotel projects have a history of not been developed and the projects head Charles Boyd-Bowman has "no apparent experience in managing hotel projects" and "was once accused of corporate tax fraud in the U.K." although the case was dropped.[1]

In May 2021, the project broke ground which was attended by Phạm Minh Chính and Eric Trump.[5][6]

A letter reportedly "explicitly stated that the project required special support from the top ranks of the Vietnamese government because it was “receiving special attention from the Trump administration and President Donald Trump personally", with the project described as "unprecedented, illegal and unfair".[7]

In November 2025, there was reportedly "little sign of activity on the land".[1]

See also

References

  1. ^ a b c d Kowsmann, Patricia; Feng, Rebecca (20 November 2025). "Inside the Trump Organization's Slow-Moving Vietnam 'Mega Project'". The Wall Street Journal.{{cite news}}: CS1 maint: deprecated archival service (link)
  2. ^ Tognini, Giacomo (15 October 2025). "This Vietnamese Real Estate Mogul Is Opening A Golf Resort With Trump". Forbes.com.{{cite web}}: CS1 maint: deprecated archival service (link)
  3. ^ Davis, Walker (27 March 2025). "Twenty-three Trump-branded real estate projects will be developed in foreign countries during Trump's presidency". Citizens for Responsibility and Ethics in Washington.
  4. ^ "Vietnamese tycoon raises $236M for Trump Organization-backed megaproject". VietNamNet. 25 June 2025. Archived from the original on 25 June 2025.
  5. ^ Guarascio, Francesco; Nguyen, Phuong (21 May 2025). "Trump Organization breaks ground on $1.5 billion golf club in Vietnam". Reuters.
  6. ^ "Hung Yen and The Trump Organization Break Ground on New Golf and Residential Project – Trump International, Vietnam". trump.com. Archived from the original on 16 June 2025.
  7. ^ Cave, Damien (25 May 2025). "Why Vietnam Ignored Its Own Laws to Fast-Track a Trump Family Golf Complex". The New York Times.{{cite news}}: CS1 maint: deprecated archival service (link)

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