The Trump Organization and Hung Yen Hospitality, a subsidiary of Kinh Bac City Development Holding Corporation (HSE: KBC), announced a new deal on October 7.
The venture will focus on developing 5-star hotels, championship-style golf courses, luxurious residential estates, and unparalleled amenities in Vietnam.
“We are incredibly excited to enter this dynamic market,” said Eric Trump. “Vietnam has tremendous potential for luxurious hospitality and entertainment, and we are beyond thrilled to work with this amazing family to redefine luxury in the region.”
“Hung Yen is one of Vietnam’s largest developers, actively developing key infrastructure projects, particularly in transportation and urban areas,” stated Dang Thanh Tam, chairman of Kinh Bac City. “The Trump family sets the highest standards in hospitality, and we are extremely excited about this collaboration.”
The Trump Organization, a leading global investor in real estate and hospitality, is known for its extensive portfolio of large-scale projects across various countries. The collaboration with Hung Yen Hospitality marks a significant step towards fostering international cooperation and enhancing the region’s tourism landscape.
Hung Yen Hospitality is a premier hospitality developer based in Vietnam. Established with a vision to elevate the country’s tourism and real estate sectors, Hung Yen Hospitality specialises in creating luxurious hotels, golf courses, and residential properties that reflect Vietnam’s rich cultural heritage and vibrant modernity.
KBC, its subsidiaries, and affiliated companies control more than 5,000 hectares of industrial park land and over 900 hectares of urban areas. KBC is the leading industrial park and housing developer in Vietnam, attracting over $5 billion of foreign investments to the country annually.
By Vy Bui (VIR)
