US EditionVietnam 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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81 Articles
Vietnam's PM and Eric Trump break ground on $1.5B luxury golf resort amid US tariff talks
Vietnam's prime minister and U.S. President Donald Trump's son Eric held a groundbreaking ceremony on Wednesday for a $1.5 billion luxury residential development with three 18-hole golf courses outside Hanoi.The U.S. president's Trump Organization family business and its local partners received approval for the project last week from the Communist authorities in Vietnam, which is separately negotiating over tariffs with Washington.Prime Minister…
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.
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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