Vietnam has approved a $1.5 billion project by the Trump Organization and Kinhbac City to build golf courses, resorts, and homes. Work is set to begin this quarter and finish by mid-2029.
Vietnam’s government has approved a $1.5 billion investment project by the Trump Organization and local real estate firm Kinhbac City, aimed at developing a massive tourism and real estate complex, Tuoi Tre newspaper reported.
Spanning 990 hectares (2,446 acres), the project will include golf courses, luxury hotels, resorts, and a residential zone. Construction is scheduled to begin this quarter and conclude by the second quarter of 2029, according to a document signed by Deputy Prime Minister Tran Hong Ha.
The Trump Organization and the Vietnamese government have not yet commented publicly.
This approval comes as Vietnam and the U.S. continue trade talks, with Vietnam hoping to avoid a proposed 46% import tariff.
In March, Reuters reported the Trump Organization plans up to four golf and hotel developments in Vietnam, with two courses expected to open by mid-2027.
Vietnam currently has around 70 golf courses and approximately 100,000 local golfers, according to the Vietnam Golf Association.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
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UK Prime Minister has intensified economic pressure on Russia by announcing a new wave of sanctions. The 30 new measures target key areas of Russia’s financial, military, and energy sectors, in response to President Putin’s ongoing aggression.
Iranian state television on Tuesday called on citizens to delete WhatsApp from their smartphones, claiming without providing specific evidence that the Meta-owned messaging platform was collecting user data to send to Israel.
Texas has halted new funding for construction of the U.S.-Mexico border wall, a major policy shift after four years of investment in one of Governor Greg Abbott’s flagship immigration initiatives.
Australia is set to begin negotiations on a new security and defence partnership with the European Union, while also pushing for a long-anticipated trade agreement, Prime Minister Anthony Albanese announced at the G7 summit.
Japanese Prime Minister Shigeru Ishiba announced on Tuesday that Japan and the United States have not reached a comprehensive tariff agreement, with key disagreements persisting between the two economic powers.
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