The KBC Subsidiary Proposes The Trump Organization Invest in Hung Yen

With a strong background in real estate, hospitality, and golf course development, The Trump Organization expresses its interest in collaborating and investing in Hung Yen.

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According to the Hung Yen provincial electronic portal, on September 16, at the provincial People’s Committee Office, Mr. Tran Quoc Van, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee, had a working session with senior leaders of The Trump Organization (USA), as proposed by Hung Yen Investment and Development Joint Stock Company.

Also present at the meeting were Mr. Nguyen Le Huy, member of the Provincial Standing Committee, Vice Chairman of the Provincial People’s Committee; Mr. Nguyen Hung Nam, Vice Chairman of the Provincial People’s Committee…

Photo: Hung Yen PPC

At the working session, the senior leader of The Trump Organization expressed his desire to cooperate and invest in Hung Yen. Headquartered in the USA, The Trump Organization is a leading group in the field of real estate, hotel, and golf course investment, with large-scale projects in many countries around the world.

Chairman of the Provincial People’s Committee Tran Quoc Van introduced the potential and advantages of Hung Yen, especially its long-standing cultural traditions, quality labor force, favorable geographical location, and convenient transportation. Hung Yen is strongly developing investment projects in infrastructure construction, especially in transportation, industrial parks, clusters, and urban areas…

The Chairman of the Provincial People’s Committee expressed his hope that The Trump Organization would consider investment plans in the province in the near future. Hung Yen province always accompanies investors and creates favorable conditions in administrative procedures for foreign investors to cooperate and develop in the province.

Hung Yen Investment and Development Joint Stock Company (Hung Yen Group) is a subsidiary of Kinh Bac City Development Holding Corporation (HOSE: KBC), which owns 93.93% as of June 30, 2024. Both companies are currently chaired by Mr. Dang Thanh Tam.

Hung Yen Group, headquartered in Hung Yen province, was established in 2021 with a charter capital of VND 1,800 billion. The company develops industrial real estate projects, urban areas, and a chain of social housing. Some of the industrial clusters managed by the company include Kim Dong Industrial Cluster with an area of 75 hectares, Chinh Nghia Industrial Cluster with 75 hectares, and Dang Le Industrial Cluster with 75 hectares.

Thu Minh

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