“Boost” with investment capital from the US

Groundbreaking ceremony for the Khoai Chau Golf Course, Eco-tourism and Urban Complex Project in Hung Yen

“Boost” from Trump Organization project

More than a week after the approval of the Vietnamese Government, Trump Organization and Hung Yen Company (under Kinh Bac Urban Development Corporation) started construction of the Khoai Chau Urban Complex, Eco-tourism, Golf Course, with an investment capital of 1.5 billion USD. This is the first project with the Trump brand in Vietnam, called Trump International Hung Yen - a project of great significance, which could create a "boost" for investment flows from the US to Vietnam.

Speaking at the groundbreaking ceremony, Prime Minister Pham Minh Chinh also emphasized that the project is of great significance in promoting the Vietnam-US relationship to become increasingly deeper, more substantial, and more effective, affirming the confidence of foreign investors, including the US, in Vietnam.

According to the Prime Minister, leading US corporations such as Intel, Nike, Apple, Boeing, NVIDIA… have invested and done business in Vietnam and now the Trump Organization. This has affirmed investors’ confidence in Vietnam’s business environment.

That is true, because Mr. Eric Trump, Vice President of Trump Organization, when speaking at the groundbreaking ceremony, affirmed that Vietnam is currently one of the most dynamic and potential markets in the world. And therefore, Trump Organization is very proud to bring the Trump legacy to a country with vision, vitality and strong growth rate like Vietnam.

Mr. Eric Trump also affirmed that the project will be completed within more than 2 years, with the goal of becoming a golf course that makes the whole region and the world "jealous". For Mr. Eric Trump, this project is not simply a symbolic project, but also a commitment to excellence, a tribute to culture and a lasting mark for the future of Vietnam.

There is still much work to be done before the Trump International Hung Yen Project is completed and put into operation. But clearly, in the context of the US tariff policies that have not yet come to an end and concerns about the impact of foreign investment flows, the fact that a US investor’s $1.5 billion project has started construction is a remarkable signal.

Furthermore, the positive news is that the Trump Organization is not expected to invest in just one project in Vietnam. During this visit to Vietnam, the leaders of the Trump Organization had meetings with the leaders of Ho Chi Minh City. The Group's wish is to invest in Trump Tower in Thu Thiem Urban Area, Thu Duc City.

The specific investment for this project has not been disclosed. However, in March 2025, the international press mentioned that the Trump Organization and its partners planned to deploy many investments worth billions of dollars in the fields of golf courses, hotels and real estate in Vietnam. If these plans are realized soon, the flow of investment from the US to Vietnam will accelerate.

Opportunities to promote Vietnam - US investment

Although the US has always affirmed that it will be the largest investor in Vietnam, in reality, investment from the US to Vietnam has not been as expected. Data from the Foreign Investment Agency (Ministry of Finance) shows that in the first 4 months of this year, US businesses invested over 176 million USD in Vietnam, ranking 10th among countries and territories investing in Vietnam. If calculated cumulatively, the figure is over 11.9 billion USD, ranking 11th.

On May 20, Minister of Industry and Trade Nguyen Hong Dien worked with leading US corporations SpaceX, Google, Excelerate, and Lockheed Martin. The meeting took place in the context of the Vietnamese negotiation delegation in the US, working with relevant agencies of this country on bilateral trade negotiations.

The Provincial Competitiveness Index (PCI) 2024 Report, in the section on foreign direct investment (FDI) enterprises, also stated that the expansion of investment flows from countries such as the US and Europe remains an “untapped opportunity”. According to the Report, the proportion of foreign-invested enterprises from Western countries, including the US, France, Germany and several other countries, remains modest, each accounting for less than 2% of the total number of foreign-invested enterprises in Vietnam.

The above figures show that Vietnam has not yet achieved the goals of attracting investment from the US and Europe, as set out in Resolution 50-NQ/TW of the Politburo on the orientation of perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation by 2030.

The positive news is that recently, many American investors are continuing to expand their investment in Vietnam. Investments by NVIDIA, Qualcomm, Marvell, Synopsys… in the fields of semiconductors and AI are typical examples. “Giant” Apple is accelerating the shift of production to Vietnam. And certainly, the list of American corporations continuing to come to Vietnam does not stop there.

In mid-May 2025, during a working trip to the US, Deputy Minister of Finance Cao Anh Tuan had meetings with leading US businesses, such as Meta, Intel... These corporations affirmed that they will continue to invest and do business in Vietnam.

Speaking at the Select USA Investment Summit 2025, Deputy Minister Cao Anh Tuan not only expressed his belief that this is a "golden time" for Vietnamese enterprises to research opportunities, make new investments and expand investments in the US, but also hoped that US enterprises - with strengths in capital, reputation, management capacity, etc., will cooperate with Vietnamese enterprises in trending fields of the times, such as high technology, startups, innovation, electric vehicles, energy, finance - banking, etc.

“We hope that you will make Vietnam a central and important link in your regional and global value chain,” said Deputy Minister Cao Anh Tuan.

On a positive note, discussions on the ratification and amendment of the Double Taxation Avoidance Agreement between Vietnam and the United States are continuing. If ratified soon, this agreement will create a strong boost for US investment flows into Vietnam.

Source: https://baodautu.vn/cu-hich-voi-dong-von-dau-tu-tu-my-d288692.html