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

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.