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The Trump Organization and Vietnamese real estate firm Kinhbac City are set to break ground on a $1.5 billion luxury golf resort near Hanoi, Vietnam, on Wednesday. The groundbreaking ceremony in Hung Yen province will be attended by Eric Trump, Executive VP of the Trump Organization and son of U.S. President Donald Trump. The event comes as Vietnam negotiates with Washington to avoid looming 46% tariffs that could take effect in July.
Approved last week by the Vietnamese government, the resort will feature three 18-hole golf courses and a luxury residential complex, with completion targeted for 2027. Developers also hinted at future multi-billion-dollar investments.
Local authorities have invited top Vietnamese leaders, including Communist Party chief To Lam, to the event. Prime Minister Pham Minh Chinh is scheduled to attend a groundbreaking ceremony in Hung Yen on the same day, though it remains unconfirmed if it’s for this specific project.
Eric Trump is also expected to meet Ho Chi Minh City officials on Thursday to discuss potential development of a skyscraper in the southern business hub. He previously stated Vietnam holds “tremendous potential for luxurious hospitality and entertainment.”
The Trump-Kinhbac partnership, announced in October, aims to develop 5-star hotels, championship golf courses, and premium residential estates. However, financial terms and franchise conditions remain undisclosed.
In efforts to secure a trade deal with the U.S., Vietnam has offered tariff cuts, anti-fraud initiatives, and support for Elon Musk’s Starlink satellite services—an ally of Trump.
The Hung Yen project reportedly gained fast-track approval due to prior groundwork by Kinhbac City, even before the Trump partnership was formalized.
The Trump Organization continues expanding its luxury golf ventures across Asia and the Middle East, reinforcing its global real estate footprint.
