The state media of Vietnam say that the Government has approved a proposal of $ 1.5 billion of the Trump organization and its Vietnamese partner to build golf courses, hotels and real estate projects in the country of Southeast Asia.
Hanoi, Vietnam – Hanoi, Vietnam (AP) – Vietnam He has approved a proposal of $ 1.5 billion of the Trump organization and its Vietnamese partner to build golf courses, hotels and real estate projects in the country of Southeast Asia, state media reported on Friday.
The project covered by 990 hectares (2,446 acres) in the district of Khoai Chau in northern Vietnam will include a golf course of size 336 American football fields, residential areas, commercial spaces and parks. The investment approval decision was signed by the Vice Prime Minister Tran Hong Ha, the VN Express newspaper reported.
Vietnam addresses negotiations with the United States in an attempt to Avoid 46% tariffs in their exports announced by the administration of President Donald Trump. Vietnam has also faced Washington’s heat for not doing enough to avoid the diversion of Chinese products through its borders.
The investment project was announced by the real estate developer Vietnamese Kinhbac City, which was associated with Trump’s family business in October.
The work in the project will begin this year and continue until 2029.
The Trump organization did not immediately respond to a comment request on Friday.
