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14h ago

Trump Organization Breaks Ground on $1.5 Billion Vietnam Golf Resort

Eric Trump and Vietnam’s Prime Minister Pham Minh Chinh inaugurate the project near Hanoi as U.S.-Vietnam trade negotiations progress.

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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Eric Trump, son of US President Donald Trump, makes a speech during the groundbreaking ceremony for the Trump International, Hung Yen resort and golf course project in Hung Yen province on May 21, 2025

Overview

  • The Trump Organization and Kinhbac City Development Corporation held a groundbreaking ceremony for a luxury golf resort in Hung Yen province, Vietnam, on May 21, 2025.
  • The $1.5 billion project, approved by Vietnam’s government last week, will feature three 18-hole golf courses and a residential complex, with completion targeted for late 2027.
  • Prime Minister Pham Minh Chinh pledged expedited support for the development, emphasizing its importance to Vietnam’s economic goals and urging local authorities to meet the timeline.
  • Eric Trump is scheduled to meet officials in Ho Chi Minh City to discuss a potential skyscraper project as part of the Trump Organization's broader expansion in Vietnam.
  • The project coincides with ongoing U.S.-Vietnam trade talks, during which Vietnam has offered concessions to avoid steep U.S. tariffs, including support for foreign investments like the Trump resort.