Vietnam Approves Trump Organisation's $1.5 Billion Golf and Real Estate Project

Vietnam has approved a $1.5 billion proposal by the Trump Organisation and its Vietnamese partner to develop golf courses, hotels, and real estate projects in the country. The project, spanning 990 hectares, is set to start this year and continue until 2029.

VietnamTrump OrganisationReal EstateGolf CoursesInvestmentReal EstateMay 17, 2025

Vietnam Approves Trump Organisation's $1.5 Billion Golf and Real Estate Project
Real Estate:HANOI, May 16: Vietnam has approved a $1.5 billion proposal by the Trump Organisation and its Vietnamese partner to build golf courses, hotels, and real estate projects in the Southeast Asian country, state-run media reported Friday.nnThe project, spanning 990 hectares (2,446 acres) in northern Vietnam’s Khoai Chau district, will include a golf course the size of 336 American football fields, residential areas, commercial spaces, and parks. The decision approving the investment was signed by Deputy Prime Minister Tran Hong Ha, the VN Express newspaper reported.nnVietnam is heading into negotiations with the US in a bid to avoid the 46% tariffs on its exports announced by President Donald Trump’s administration. Vietnam has also been facing pressure from Washington for not doing enough to prevent the diversion of Chinese goods through its borders.nnThe investment project was announced by Vietnamese real estate developer Kinhbac City, which partnered with Trump’s family business in October. Work on the project will start this year and continue until 2029.nnThe Trump Organisation did not immediately respond to a request for comment Friday. (AP)nnKinhbac City is a leading real estate developer in Vietnam, known for its ambitious and innovative projects. The partnership with the Trump Organisation marks a significant step in the company’s international expansion and underscores the growing interest in Vietnam as a destination for high-profile investments.

Frequently Asked Questions

What is the total investment amount for the project?

The total investment amount for the project is $1.5 billion.

What areas will the project cover?

The project will cover 990 hectares (2,446 acres) in northern Vietnam’s Khoai Chau district.

What components will the project include?

The project will include a golf course, residential areas, commercial spaces, and parks.

When will the project start and end?

The project is set to start this year and continue until 2029.

Who is the Vietnamese partner in this project?

The Vietnamese partner in this project is Kinhbac City, a leading real estate developer in Vietnam.

Related News Articles

Cybercriminals Pose as Company Director, Steal Rs 40 Lakh from Pune-Based Real Estate Firm
Real Estate

Cybercriminals Pose as Company Director, Steal Rs 40 Lakh from Pune-Based Real Estate Firm

A Pune-based real estate company lost Rs 40 lakh to cyber fraudsters who posed as the company's director and tricked a staffer into making large transfers to a fraudulent bank account.

July 22, 2024
Read Article
Budget 2024: Noida Real Estate Developers' Expectations from the Government
Real Estate

Budget 2024: Noida Real Estate Developers' Expectations from the Government

Noida real estate developers seek financial incentives, including tax benefits, in the upcoming Budget 2024.

July 22, 2024
Read Article
Rising Infiltration: Concerns Over Declining Hindu Population in Mumbai
Real Estate Mumbai

Rising Infiltration: Concerns Over Declining Hindu Population in Mumbai

Mumbai, a bustling metropolis with a diverse population, has seen a significant rise in infiltration, leading to concerns about the declining Hindu population. The city's skyline, market, and real estate sector are witnessing changes that are raising eyeb

November 9, 2024
Read Article
BM Property: Bengaluru-Challekere Four-Laning Set to Boost Real Estate Market
Real Estate

BM Property: Bengaluru-Challekere Four-Laning Set to Boost Real Estate Market

A significant development is on the horizon as theHIRiyur-Challakere section of the highway connecting Bengaluru to Ballari undergoes four-laning. This transformative project is expected to have a substantial impact on the real estate sector in the region

November 16, 2024
Read Article
Danube Properties Delivers Gemz Ahead of Schedule, Mirroring Dubai's Real Estate Boom
Real Estate Mumbai

Danube Properties Delivers Gemz Ahead of Schedule, Mirroring Dubai's Real Estate Boom

Danube Properties, a leading real estate developer in Dubai, has Successfully delivered the Gemz project five months ahead of schedule. This achievement highlights the company's commitment to excellence and timely project completion, mirroring the burgeon

November 18, 2024
Read Article
KMF Builders & Developers Reaches New Stock Price Peak of Rs. 13.77, Up 32.88%
Real Estate

KMF Builders & Developers Reaches New Stock Price Peak of Rs. 13.77, Up 32.88%

KMF Builders & Developers, a leading microcap company in the construction and real estate sector, has surged to an all-time high stock price of Rs. 13.77, reflecting a 32.88% increase over the past eight days.

January 12, 2025
Read Article