The once-sleepy Thu Thiem district in Ho Chi Minh City may soon become the site of Vietnam’s most ambitious urban development project, with the Trump Organization eyeing the prime riverside location for a potential billion-dollar skyscraper. Eric Trump’s recent visit to Vietnam has sparked speculation about the family’s expanding real estate ventures in Southeast Asia, including a massive golf resort project in Hung Yen province.
The proposed 60-story Trump Tower would mark a dramatic transformation for Thu Thiem, an area that has remained largely undeveloped despite its prime location opposite Ho Chi Minh City’s financial district. While no formal approvals have been granted, sources indicate the project could break ground as early as next year if Vietnam’s complex regulatory hurdles can be overcome.
Beyond the urban development, the Trump Organization is simultaneously pursuing a luxury golf and residential complex in northern Vietnam, representing a $1.5 billion investment. This dual-pronged approach demonstrates the family’s confidence in Vietnam’s growing luxury real estate market and its willingness to navigate the country’s challenging business environment.
The timing of these developments coincides with Vietnam’s economic boom and its increasing appeal to foreign investors. The Trump projects, if realized, would significantly alter Vietnam’s property landscape while testing the country’s ability to handle large-scale international developments. Observers will be watching closely to see if these ambitious plans materialize as promised.