The Trump Organization – the corporation of former US President Donald Trump – will cooperate to invest in a hotel, golf course, and residential complex worth about 1.5 billion USD in Hung Yen .
Kinh Bac Urban Development Corporation (KBC) announced on October 8 that The Trump Organization – the corporation of former US President Donald Trump – will develop a hotel, golf course and residential project through a cooperation agreement with Hung Yen Hotel Services JSC – a subsidiary of KBC.
Notice posted on KBC's website. (Screenshot)
According to KBC's introduction, the complex is large-scale, meeting the highest international standards with a total investment of about 1.5 billion USD.
The complex includes a 54-hole Vvip golf course system, a high-end resort system and a villa system to serve special events and high-level conferences. In addition, there is a hotel system and a modern urban and residential complex.
Eric Trump, Executive Vice President at Trump Organization, the third son of former US President Donald Trump, affirmed, “Vietnam possesses outstanding potential in the high-end hotel and entertainment industry.”
The signing ceremony of the cooperation agreement between Trump Organization (represented by Mr. Eric Frederick Trump) and Hung Yen Investment Group (represented by Mr. Dang Thanh Tam - Chairman of KBC) witnessed by the 45th President of the United States Donald Trump. Source: KBC
Mr. Dang Thanh Tam, Chairman of the Board of Directors of KBC, shared that Mr. Trump's family has always been a pioneer in setting the highest standards for the hotel industry, and KBC looks forward to this potential cooperation.
Trump Organization is a multi-industry private corporation owned by the family of former US President Donald Trump. The corporation operates in many fields, including real estate, hotels, golf courses, entertainment, asset management, etc. This is one of the leading corporations in the field of investing in high-end real estate, hotels and golf courses, with many large-scale projects in many countries.
The group was founded in 1927 and initially operated primarily in the field of construction and real estate development in New York. Then, when Donald Trump took over in 1971, he expanded his operations into many other areas, including hotels, golf courses, entertainment, property management, brokerage, marketing, etc.
During his four years as US President from 2017-2020, Donald Trump stopped running the Trump Organization because he did not want to use 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. The business, of course, remains in the Trump family's hands.
Vietnamnet.vn
Source: https://vietnamnet.vn/tap-doan-nha-cuu-tong-thong-my-donald-trump-muon-rot-1-5-ty-usd-vao-hung-yen-2329943.html
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