The project borders the Red River to the north and west. It comprises four areas, including a golf course featuring a 36-hole an 18-hole course, according to an approval signed by Deputy Prime Minister Tran Hong Ha.

A road connecting Hanoi with Hung Yen Province.

It also has a residential area and theme park. Construction is scheduled between the second quarter and 2029.

Hung Yen authorities are tasked with selecting the developer and ensuring efficient land resource management. The Ministry of Defense and Ministry of Public Security will guide local authorities and investors on defense and security matters, including the sale of housing to foreigners.

The project was proposed by a subsidiary of property developer Kinh Bac City and The Trump Organization, the conglomerate of President Donald Trump.

The Trump Organization owns and operates numerous hotels, golf courses, commercial real estate, and residential properties across the globally. In Asia, it has golf courses in Dubai, Indonesia, Oman, and properties in South Korea, the Philippines, and India.

Kinh Bac, along with its subsidiaries and affiliates, manages over 5,000 hectares of industrial zones and 900 hectares of urban areas, attracting more than $5 billion in foreign investment annually.

Located over 60 kilometers southeast of Hanoi, Hung Yen real estate market in recent years has drawn major developers like Ecopark, Vinhomes, Masterise, and CapitaLand. Last year, the province attracted nearly $4 billion in foreign direct investment, its highest ever.

FDI inflow into Vietnam surges by nearly 40% in four months

While newly-registered capital declined by 23.8% to 5.59 billion USD, additional capital injections into existing projects increased nearly 3.9 times to 6.4 billion USD. Capital contributions and share purchases in the four months reached 1.83 billion USD, or a 2.1-fold increase year-on-year.

 

Viet Nam aims to attract high-quality foreign investment

The Ministry of Finance has emphasised that Viet Nam is making thorough preparations to welcome a new wave of investment, with specific strategies and solutions. This effort is further grounded by the strong recovery and breakthrough in foreign direct investment (FDI) inflows during the first quarter of 2025.

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

 

Vietnam remains attractive destination for foreign enterprises: forum

As one of the most open economies in the world, coupled with robust infrastructure development, an improved business climate, political stability, and competitive incentive policies, Vietnam continues to be an ideal destination for foreign direct investment (FDI) enterprises.

Bac Giang attracts more investment to Industrial Parks

BAC GIANG – Despite global economic challenges, Bac Giang Province continues to attract rising levels of investment into its industrial parks.

Nestlé announces investment expansion in Vietnam operations

Nestlé Vietnam announced on April 21 that the company will increase its operational capital in the country, with a nearly 1.9 trillion VND (73.4 million USD) investment to expand its Tri An factory in the southern province of Dong Nai – one of the group’s most advanced coffee processing plants worldwide.