Shortly before starting talks aimed at preventing President Trump’s implementation of a 46% tariff, Vietnam endorsed a $1.5 billion initiative by the Trump Organization for constructing golf courses, hotels, and various developments within their country. In 2024, the U.S.'s trade gap with Vietnam reached $123 billion, significantly due to imports made in Vietnam utilizing components sourced from China—this issue was under scrutiny from the Trump administration. Quartz The state media stated that Vietnam was informed by the U.S. on Friday that the trade deficit is deemed "untenable."
The development, set to be constructed alongside Vietnamese firm Kinh Bac City, will become the Trump Organization’s biggest venture in East Asia. The proposal includes plans for three 18-hole golf courses along with a high-end residential area. Spanning approximately 2,500 acres within Vietnam's northern Khoai Chau district, this ambitious project aims to redefine regional real estate. AP , with construction starting this year and continuing through 2029. Additionally, a Vietnamese government document viewed by Reuters indicates that both the Trump Organization and Kinh Bac City are exploring the possibility of constructing a skyscraper in Ho Chi Minh City.
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The document indicates that city officials are invited to "attend a dinner party with Eric Trump, senior vice president of the Trump Organization" and son of the president at a hotel on Thursday. The file says company representatives want to "survey the proposed location of the Trump Tower building and hope to have a working session with the city's leaders about this project."
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The article was initially published on Wiseova. Vietnam, Facing Tariff Pressures, Approves $1.5B Trump Project
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