the Trump Organization He invests $ 1.5 billion in a upscale golf stadium project and Al -Hadary complex in northern Vietnam, to be completed in March 2027.
What happenedThe project is located in Hung Yen province and is expected to be ready in time for APEC economic leadership in 2027. Charles James Bowid BowmanIDG Capital Vietnam, which represents Trump in Vietnam, revealed this information during a meeting with the Vietnamese Prime Minister Fam Minh Cennis Last Tuesday, Reuters reported.
Trump did not respond immediately Banznaga Request to comment.
The project, which is said to be planned in May, includes three golf courses from 18 holes and a residential complex. It is the largest in East Asia for Trump. The first two sessions are expected to be operated by mid -2017. The Federation also studies investments in three or four projects in Vietnam in total. Trump, led by Eric TrumpHe will supervise the facilities.
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Why do it matter: The move comes despite the risk of American definitions on Vietnam, which has one of the largest trade surpluses in the world with Washington. In 2024, the country exported the goods equivalent to 30 % of GDP to the Vietnamese Prime Minister also Trump to expand its investments in Vietnam, while emphasizing the possibility of more US capital in the country. He urged the company to enhance partnerships with local companies, and integrate them into the global supply chain and ecosystem.
BOYD-Powman cooperates with the Vietnamese authorities to accelerate the project, while Prime Minister Chinh pledged a comprehensive but quick review to ensure legal compliance and interests of stakeholders.
Vietnam deals with fears of the commercial gap and tariff by increasing American imports and reducing commercial barriers. The country also allows Elon MuskS Starlink to work in the country under a pilot scheme that maintains local control while exceeding foreign ownership restrictions.
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