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Vietnam approves Trump Organization’s $1.5 billion golf, real estate project

  • Vietnam approved a $1.5 billion development project by the Trump Organization and a Vietnamese partner on May 16, 2025, in Khoai Chau district.
  • The approval followed a partnership formed in October between the Trump family business and Kinhbac City amid ongoing US-Vietnam trade negotiations to avoid 46% tariffs.
  • The project spans 990 hectares and includes golf courses, residential, commercial, and park facilities, with work set to start in 2025 and continue until 2029.
  • The investment decision was formally approved and signed by a high-ranking Vietnamese official, as reported by state media and VN Express on May 16, 2025; the Trump Organization chose not to provide any comments.
  • This development represents a major real estate expansion in northern Vietnam and aligns with efforts to improve economic ties amid US tariff concerns on Vietnamese exports.
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Lean Right

US President Trump, who threatens Vietnam with high tariffs, is negotiating the "balance of the trade balance" in Washington. At the same time, son Eric travels to Hanoi to celebrate the construction of a luxury resort of the Trump Organization. Another major project is already under discussion.

Lean Left

Donald Trump is putting massive pressure on Vietnam with his tariffs. Now the country is paving the way for the US President's new private business. Near the capital Hanoi, the construction of a luxury resort begins. With three golf courses.

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Foreign Policy broke the news in United States on Thursday, May 15, 2025.
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