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Less than a year from signing to the start of construction, the USD-1.5-billion Trump International Hung Yen project has made the public curious: What has made the process so fast? Mr. Dang Thanh Tam, Chairman of the Board of Directors of Kinh Bac, shared exclusively with Forbes Vietnam the story behind the cooperation with The Trump Organization in this project.

On May 21, 2025, within the framework of strategic cooperation with The Trump Organization, Hung Yen Company – a member company of Kinh Bac City Development Holding Corporation (HSX: KBC) – officially held the groundbreaking ceremony of the first Trump-branded comlex in Vietnam featuring golf courses, luxury villas and resorts named Trump International, Hung Yen. The event was honored to welcome Comrade Pham Minh Chinh – Member of the Politburo, Prime Minister of the Socialist Republic of Vietnam. Also in attendance were members of the Party Central Committee: Senior Lieutenant General Hoang Xuan Chien, Deputy Minister of National Defense; Senior Lieutenant General Le Quoc Hung, Deputy Minister of Public Security; Mr. Nguyen Huu Nghia - Secretary of the Hung Yen Provincial Party Committee; and leaders of central and local departments, ministries; Mr. Marc E. Knapper - U.S. Ambassador to Vietnam; Mr. Eric Trump - Vice Chairman of the Trump Organization and his wife; Mr. Dang Thanh Tam –

On the afternoon of May 11, 2025, Kinh Bac City Development Holding Corporation (KBC) and Saigon – Hai Phong Industrial Park Corporation (SHP – KBC's member company) solemnly held the groundbreaking ceremony for Infrastructure Construction Investment and Trading of Trang Due 3 Industrial Park Project in An Lao district, Hai Phong City. This event is a part of a series of events towards the 70th anniversary of the Liberation of Hai Phong city.

On April 28, 2025, the People's Committee of Bac Ninh Province approved the investment policy and simultaneously approved the investor for the Infrastructure construction investment and Trading of Expanded Que Vo 2 Industrial Park (QVMR2 IP)" by granting Decision No. 333/QD-UBND to Kinh Bac City Development Holding Corporation (KBC).
The area of the project is 140.34ha, which is implemented in Mo Dao commune, Yen Gia commune and Phuong Mao ward, Que Vo town, Bac Ninh province with the goal of investing, constructing and trading industrial park infrastructure. The total investment capital of the project is 1,878 billion VND. The operation term of the project is 50 years from the date of land allocation or land lease by the Governance.

The implementation of Trang Cat Urban and Service Area and the Operation situation of the Corporation

On the morning of March 6, 2025, the 1st Extraordinary General Meeting of Shareholders in 2025 of Kinh Bac City Development Holding Corporation (Securities Code: KBC) was held at the Corporation's headquarter in Que Vo Industrial Park - Bac Ninh province with the participation of 177 shareholders (including online and in person), representing 517,547,215 shares, accounting for 67.4237% of the total voting rights. Chairman of the Board of Directors – Mr. Dang Thanh Tam attended the General Meeting online and Mrs. Nguyen Thi Thu Huong - Member of the Board of Directors cum General Director was authorized to run the General Meeting.

On March 5, 2025, a day before the General Meeting of Shareholders of Kinh Bac City Development Holding Corporation (KBC), KBC and this Group signed a Memorandum of Understanding on the sublease of more than 30 hectares of land in Nam Son - Hap Linh Industrial Park, Bac Ninh province.

The 5th Annual Spring Real Estate Forum was named as "Real Estate Market in the New Era". This is a theme that is awaited by the real estate world, because 2024 has marked positive transformations of Vietnam's real estate market after a quiet period, in the context when the socio-economic situation in general has been recording recovery and prosperous growth.

In addition to the good news about Trang Due 3 Industrial Park Project (with the scale of 652.73 hectares) and Trang Cat Urban - Service Area Project (with the scale of 584.94 hectares) in Hai Phong city, which KBC has just been granted the Investment Registration Certificates by the Prime Minister on January 14 and 15, 2025, On January 22, 2025, Deputy Prime Minister Tran Hong Ha signed Decision No. 211/QD-TTg on approving the investment policy for infrastructure construction and trading of Kim Thanh 2 Industrial Park (phase 1) in Hai Duong province.

On January 16, 2025 afternoon, in Hai Phong, two key projects of Kinh Bac City Development Holding Corporation including Trang Cat Urban and Service Area and Trang Due 3 Industrial Park Infrastructure Investment Project were awarded the investment registration certificates, witnessed by leaders of the Government, Central Ministries and Hai Phong City.

The Trump Organization and Hung Yen Hospitality Services Joint Stock Company (Hung Yen Hospitality), a subsidiary of Kinh Bac City Development Holding Corporation (HSE: KBC), have announced their collaboration. The venture will focus on developing 5-star hotels, championship-style golf courses, and luxurious residential estates and unparalleled amenities in Vietnam.

During the trip to accompany Politburo member, General Secretary and President To Lam to attend and speak at the United Nations General Assembly held in New York City (USA), on September 25, 2024 (local time), Member of the Party Central Committee, Secretary of Hung Yen Provincial Party Committee – Mr. Nguyen Huu Nghia witnessed the signing ceremony of the Memorandum of Understanding between Hung Yen Provincial People's Committee represented by Standing Vice Chairman of the People's Committee of Hung Yen province - Mr. Nguyen Le Huy with a consortium of investors selected by the Trump organization including Hung Yen Development Corporation, IDG – US Investment Fund, Horitus – US Investment Fund to build a luxurious, modern and large-scale complex which meets the highest international standards with a total investment of about 1.5 billion USD. The complex includes: