According to the Government website, on the afternoon of March 18, Prime Minister Pham Minh Chinh received Mr. Charles James Boyd Bowman, General Director of the Trump Organization in Vietnam - the corporation of US President Donald Trump, at the Government headquarters.

The project of urban complex, eco-tourism, sports and high-end golf course in Hung Yen province has a total estimated investment of about 1.5 billion USD, proposed by the investor, a joint venture of Hung Yen Investment and Development Group Corporation and IDG Capital (representing Trump Organization).

At the meeting, Prime Minister Pham Minh Chinh assessed that since Vietnam and the United States became Comprehensive Strategic Partners (September 2023), bilateral economic and trade relations have continued to develop sustainably.

However, US investment in Vietnam still has much room to continue to grow. The Prime Minister expects US investors to increase new investments and expand their investments in Vietnam.

Appreciating the businesses' interest in investing in projects in Hung Yen province, the Prime Minister said that Vietnamese agencies will consider comprehensively to promote the project as soon as possible, in accordance with relevant legal regulations, ensuring the interests of the parties involved.

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Prime Minister Pham Minh Chinh received Mr. Charles James Boyd Bowman, General Director of Projects of Trump Organization. Photo: GOV

Vietnam is also promoting administrative procedure reform, making decisions faster, with a spirit of valuing time, promoting intelligence and decisiveness, bringing about specific, quantifiable products, results and benefits.

The Prime Minister suggested that the Trump Organization consider Vietnam as a business base, research and expand investment and business activities to other localities and potential fields where the enterprise has strengths and Vietnam is interested in, prioritize promotion; strengthen cooperation and support Vietnamese enterprises to participate in the ecosystem and supply chain of the corporation globally.

The Prime Minister also asked businesses to have a voice to contribute to promoting high-level visits between the two countries; the United States has policies suitable to the bilateral relationship, the situation in Vietnam and the world context, continuing steps towards recognizing Vietnam as a market economy and creating conditions for Vietnam to import high-tech equipment from the United States.

For his part, Mr. Charles James Boyd Bowman thanked the support and close cooperation of the ministries and Hung Yen province, saying that he is working closely with the agencies with the desire to speed up the project as soon as possible; hoping that the project will be completed in the next 2 years (March 2027) to serve the APEC 2027 occasion, becoming the leading golf course in Vietnam and a globally famous golf destination.

He also shared that the company is researching investment in other projects and fields in Vietnam; promoting visits by the Trump Group's Board of Directors to Vietnam and contributing to promoting relations between the two countries, building a high-quality image of Vietnam to the world and the US government.

In October 2024, according to information from Kinh Bac Urban Development Corporation (KBC), The Trump Organization will develop a hotel, golf course and residential project through a cooperation agreement with Hung Yen Hotel Services JSC - a subsidiary of KBC.

The complex includes a 54-hole Vvip golf course system, a high-end resort and a villa system providing the highest quality services according to Trump Organization standards to serve special events and high-level conferences. In addition, there is a system of hotels and modern urban and residential complexes.

Eric Trump, Executive Vice President at Trump Organization, the third son of US President Donald Trump, affirmed that "Vietnam possesses outstanding potential in the high-end hotel and entertainment industry".

Trump Organization is a private, multi-industry corporation owned by the family of US President Donald Trump. This is a leading corporation in the field of luxury real estate investment, hotels and golf courses, with many large-scale projects in many countries.

During his 4 years as US President from 2017-2020, Mr. Donald Trump stopped running the Trump Organization because he did not want to take advantage of his presidential power to increase his assets.

The Trump Organization was later placed in a trust to avoid conflicts of interest. He handed over leadership to his children in 2017.

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