On May 21, Kinh Bac Urban Development Corporation (HSX: KBC) and The Trump Organization hosted a groundbreaking ceremony for a premium golf course, villa, and resort complex bearing the Trump brand in Hung Yen, Vietnam.
A day prior, the People’s Committee of Hung Yen province issued Decision 1135/QD-UBND on leasing land for the project.
Hung Yen Investment and Development Joint Stock Company, a subsidiary of KBC, has been leased 17,463.8 square meters of land (first phase) in Khoai Chau district, Hung Yen province, for the mixed-use urban, eco-tourism, and golf course complex project.
The land area in the first phase is a small portion of the entire project, which spans 990.43 hectares.
The lease agreement is valid until May 15, 2075.
Hung Yen Investment and Development JSC is required to adhere to the project timeline. In case of delays, the company can request an extension of up to 24 months but must pay additional land rent for the extended period.
The project covers an area of nearly 1,000 hectares and entails a total investment of over $1.5 billion. It encompasses a 54-hole VIP golf course, a resort, premium villas, a modern urban complex, and international-standard amenities.
Eric Trump, Executive Vice President of the Trump Organization and son of Donald Trump, expressed his enthusiasm, stating that Vietnam is one of the most dynamic and promising markets globally. He shared his pride in bringing the Trump legacy to a country with a visionary outlook, vibrant energy, and impressive growth.
Mr. Trump emphasized the investors’ commitment to completing the project in just over two years, aiming to create the finest and most prestigious golf course in the world, one that will be the envy of the region and the globe.
Mr. Dang Thanh Tam, Chairman of Kinh Bac Corporation, highlighted the shared vision between the partners, believing that Hung Yen has the potential to become a leading golf and lifestyle destination in Asia.
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On the morning of May 19th, Prime Minister Pham Minh Chinh attended the groundbreaking ceremony for the Tu Lien Bridge and road construction project in Hanoi. With a total investment of nearly VND 20,000 billion, the project includes the construction of the Tu Lien Bridge and the road leading to it, connecting the Nghi Tam and Truong Sa intersections.
“Sun Group’s Visionary Venture: Sun Phu Quoc Airways Takes Flight with Prime Minister’s Approval”
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Introducing the airline operated by Sun Viet Airlines JSC.
“Vice-Prime Minister Le Thanh Long Discusses the Development of the Nam Cao University Complex in Ha Nam Province”
On May 20, Deputy Prime Minister Le Thanh Long and his entourage surveyed the construction site of the Nam Cao University Complex in Ha Nam Province and worked with the Provincial People’s Committee on the implementation of this project.
“Unleashing the Power of Public Investment: The Prime Minister’s Initiative for Growth”
On the morning of May 20, Prime Minister Pham Minh Chinh chaired a conference on promoting investment growth momentum in 2025, with the ambitious target of achieving a 100% disbursement rate of public investment funds for the year (up from the previous target of 95%).
Expert Opinion: Consider VN-Index’s Probability of “Giving Back Points”, Not an Attractive Price Region for Further Investment
The VN-Index is expected to fluctuate and consolidate around the 1,300-point level next week. This neutral scenario predicts a sideways movement for the index, which presents an opportunity for investors to assess their strategies and plan their next moves. With the market showing signs of uncertainty, a cautious approach is advised until a clearer trend emerges.
