According to Hung Yen Newspaper, Mr. Nguyen Huu Nghia, Secretary of the Hung Yen Provincial Party Committee, received and worked with senior leaders of The Trump Organization (USA) as proposed by Hung Yen Investment and Development Joint Stock Group. The meeting was attended by leaders of several provincial departments.
Representing The Trump Organization, the delegates expressed their desire to cooperate and invest in Hung Yen Province in the fields of hotel construction, golf courses, and entertainment complexes – areas in which the organization specializes and has established an international reputation. The company also requested the province to facilitate their involvement in the province’s new development phase and contribute to fostering Vietnam-US diplomatic relations.
During the meeting, Mr. Nghia introduced the potential and strengths of Hung Yen Province. He also presented the province’s long-term planning and economic development orientation, particularly the vision to transform Hung Yen into a modern industrial-service urban area.
The Provincial Party Committee provided information about infrastructure investment projects aimed at reducing travel time and enhancing regional connectivity between Hung Yen and the capital city of Hanoi. These projects also aim to maximize the economic potential of tourism, entertainment, and recreational services in the vicinity of Hanoi and along the Red River.
Mr. Nghia emphasized that the province would facilitate within the framework of the law for The Trump Organization to explore and promote investment cooperation. However, he noted that there are many administrative procedures and tasks ahead to realize the organization’s investment projects. The province will instruct related departments to coordinate closely with central agencies to support the organization’s investment promotion in Hung Yen Province to achieve the highest efficiency.
The Trump Organization is a diverse private group owned by the family of former US President Donald Trump. Established in 1927, the organization initially focused on real estate development and construction in New York.
When Mr. Trump took over in 1971, he expanded the organization’s activities into various fields, including hotels, golf courses, entertainment, publishing, asset management, brokerage, and marketing. It is known that he handed over the leadership to his children in 2017 after being elected President of the United States in 2016.
Currently, The Trump Organization is a leading group in the field of real estate investment, with large-scale projects in many countries around the world.
The organization’s first notable project after Mr. Trump’s leadership was the renovation of the Commodore Hotel in Manhattan, transforming it into the Grand Hyatt New York in 1980.
Subsequently, he expanded with real estate projects across Manhattan, including Trump Tower, an iconic landmark in New York. Trump Tower was inaugurated in 1983 and became the location of choice for many luxury brands and Mr. Trump’s family.
The Luxury of Leisure: Revitalizing Resort Real Estate for Savvy Investors
The vacation property market remained subdued in Q2 2024, with no signs of an imminent recovery. Amid this downturn, a notable trend emerged with many investors resorting to distress sales, offloading properties at significant losses ranging from hundreds of thousands to even billions of Dong.