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12h ago

Eric Trump Leads Trump Org's Vietnam Expansion with $1.5B Resort and Skyscraper Proposal

The Trump Organization breaks ground on a northern Vietnam resort while exploring a potential Trump Tower project in Ho Chi Minh City, as US-Vietnam trade talks loom over the initiatives.

Eric Trump, Executive Vice President of the Trump Organization, and son of U.S. President Donald Trump, attends an interview with Reuters in Dubai, United Arab Emirates, April 29, 2025. REUTERS/Amr Alfiky/File Photo
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The Trump Organization, US President Donald Trump's real estate company, is seeking to build a tower in Ho Chi Minh City, Vietnamese officials said, and his second son Eric would scout locations this week
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Overview

  • Eric Trump is in Vietnam this week to oversee the groundbreaking of a $1.5 billion golf and resort complex in northern Vietnam, developed in partnership with Kinhbac City.
  • The Trump Organization is conducting site surveys in Ho Chi Minh City for a proposed Trump Tower skyscraper, though the project remains in its early stages without formal approval.
  • Ho Chi Minh City officials have been invited to meet with Eric Trump and attend a dinner on Thursday to discuss the skyscraper project and potential collaboration.
  • Vietnamese authorities recently approved the northern resort project, which includes golf courses, hotels, and residential developments, marking a significant investment by the Trump Organization.
  • The initiatives coincide with high-stakes US-Vietnam trade negotiations, as Vietnam seeks to avoid steep tariffs on its exports by offering concessions on trade barriers and counterfeiting measures.