Trump was elected, the stock of the Vietnamese tycoon who just joined hands with Trump Group skyrocketed.

KBC shares of Kinh Bac Urban Development Corporation increased to the maximum limit in today's trading session when Mr. Trump was re-elected as US President.

Mr. Eric Trump, executive vice president of The Trump Organization and Mr. Dang Thanh Tam, chairman of KBC, signed a cooperation agreement witnessed by Mr. Donald Trump on September 25, in Florida (USA) - Photo: KBC

The stock market today (November 6) had positive developments with nearly 500 stocks increasing in price on all three exchanges.

The most prominent is the group of industrial real estate stocks with a series of codes increasing in price, such as VGC of Viglacera, SZC of Sonadezi Chau Duc, SIP of Saigon VRG Investment Joint Stock Company, KBC of Kinh Bac Urban Development Corporation...

Vietnam's industrial real estate industry is expected to benefit significantly when Mr. Trump is elected US president.

According to analysts, investment capital flows and Mr. Trump's tax policy targeting Chinese goods could cause the wave of FDI leaving the country to continue strongly.

Vietnam will still be a potential destination for the above FDI capital flows, thereby promoting the development of industrial park real estate groups.

In addition to benefiting from the expectation of continuing to welcome the FDI shift wave, KBC shares of Kinh Bac Urban Development Corporation also benefited significantly when they just signed a cooperation agreement with Trump Group in developing a real estate project in Hung Yen .

Today's session recorded matching volume at KBC reaching more than 18 million shares, nearly 5 times higher than the average session in the past year.

In early October this year, Kinh Bac Urban Development Corporation (KBC) announced that Trump Group will develop a hotel, golf course and residential project through a cooperation agreement with Hung Yen Hotel Services Joint Stock Company. This is a subsidiary of KBC. The project scale is about 1.5 billion USD.

Mr. Donald Trump also witnessed the signing ceremony of cooperation between Trump Group and Hung Yen Hotel Services Joint Stock Company.

"We are extremely excited to officially enter this dynamic market. Vietnam possesses outstanding potential in the high-end hotel and entertainment industry," said Mr. Eric Trump, executive vice president of The Trump Organization, son of former President Trump.

The Trump Organization is known as a multi-industry private corporation owned by the Donald Trump family. The Trump Organization has invested in and owned a series of hotels, golf courses, commercial real estate and housing across the United States, as well as in many countries around the world . In Asia, the Trump family's company has golf courses in Dubai (UAE), Indonesia, Oman and many real estates in Korea, the Philippines, and India.

Mr. Trump delivered his victory speech at the convention center in Florida - Video source: AFP

In a related development, at 1:50 p.m. on November 6 (Vietnam time), Fox News cited their data showing that Mr. Trump had won more than the minimum number of electoral votes to become the 47th president of the United States.

Source: https://tuoitre.vn/ong-trump-dac-cu-co-phieu-dai-gia-viet-vua-bat-tay-voi-tap-doan-trump-tang-vot-20241106142939351.htm