Vietnam approves $1.5 billion real estate project by Trump Organization

Vietnam, a Southeast Asian nation, has granted approval for a substantial investment project involving the Trump Organization and its Vietnamese partner, Kinhbac City. The decision, reported on May 16, 2025, involves a significant financial commitment of $1.5 billion aimed at developing luxury golf courses, hotels, and various real estate ventures across 990 hectares (2,446 acres) in the Khoai Chau district, which is located in the northern part of the country. The authorized project includes the construction of a golf course, residential areas, commercial spaces, and parks, making it a comprehensive development effort. The investment project is notable for its scale, equating the size of the golf course alone to approximately 336 American football fields. The Vietnamese government, recognizing the potential economic benefits, has moved forward with this initiative amidst ongoing negotiations with the United States over trade tariffs that could potentially impact Vietnamese exports. The approval was officially signed by Deputy Prime Minister Tran Hong Ha, signaling an important step in fostering foreign investment amid diplomatic tensions. The collaboration between the Trump Organization and Kinhbac City was initiated in October 2024. The timing of this agreement aligns with Vietnam’s strategic interests as it seeks to bolster its economy and mitigate issues related to tariffs and trade barriers imposed by the U.S. The ongoing challenges include U.S. allegations that Vietnam has not sufficiently controlled the flow of Chinese goods through its borders, a situation that has heightened scrutiny and calls for greater regulatory compliance. The project is scheduled to commence this year, with construction expected to extend until 2029. The involvement of the Trump Organization raises questions about the dynamics of international business partnerships in politically sensitive environments. As this development unfolds, it reflects the intersection of real estate investment, international relations, and local economic growth strategies, making it a focal point of interest both within Vietnam and internationally.