In recent developments, three notable businessmen from the Trần family—Trần Đình Long, chairman of Hòa Phát Group, Trần Bá Dương, chairman of THACO, and the less public Trần Đăng Khoa—have formed a powerful alliance. This partnership has been particularly evident in their joint efforts on ambitious projects, including the Sông Hồng landscape avenue and ventures in the energy and mining sectors.

The alliance has been solidified with the establishment of two new companies in June 2026. The first, Sông Hậu Offshore Wind Power Corporation, has a capital of 2 trillion VND, with Trần Đăng Khoa serving as both chairman and CEO. The second company, Lĩnh Nam Multi-Purpose Urban Investment Corporation, focuses on real estate, boasting a charter capital of 1.5 trillion VND. This company is structured with Trần Đăng Khoa holding 40%, Trần Bá Dương 30%, and Trần Đình Long 30% of the shares.

These recent ventures are part of a broader strategy following the approval of the Sông Hồng landscape avenue project by the Hanoi People's Committee. This mega project spans approximately 11,418 hectares and is estimated to require an investment of nearly 737 trillion VND, with a completion target set for 2038. Trần Đăng Khoa, representing the consortium, plays a crucial role in this initiative.

In addition to real estate and energy, the trio has also made significant strides in the mining sector. In April 2026, they invested in the Việt Trung Mining and Metallurgy Company, which operates one of Vietnam's largest iron ore mines, expected to yield 5 million tons annually for over 15 years. This partnership highlights their diversified interests and strategic collaboration across various industries.

Moreover, Trần Đình Long and Trần Bá Dương have been working closely in the industrial and transportation infrastructure sectors since 2025. They are both committed to contributing to Vietnam's high-speed railway project, which is valued at $67 billion. Their roles are clearly defined, with THACO focusing on train production while Hòa Phát supplies materials for the railway infrastructure.

As they continue to expand their business ventures, this alliance of the three Trần chairmen is poised to influence multiple sectors significantly. Their strategic moves reflect a comprehensive approach to business development, combining resources and expertise to tackle large-scale projects that will shape Vietnam's economic landscape in the coming years.