Trump Organization to break ground on golf club in Vietnam amid trade talks

HANOI - The Trump Organization and its local partner will hold a groundbreaking ceremony on Wednesday for a luxury golf resort close to Vietnams capital Hanoi, according to invitations to the event seen by Reuters.

Vietnams government approved the plan last week and the ceremony will be attended by U.S. President Donald Trumps son Eric Trump, organisers said. The event comes as the Southeast Asian country negotiates with Washington to avoid punitive tariffs.

Its developers have said the $1.5 billion project will include when completed in 2027 three 18-hole golf courses and a residential complex, and could be followed by additional multi-billion-dollar investments.

Local authorities of the Hung Yen province, where the golf club will be built, have also invited Vietnams leaders to the event, including the head of the ruling Communist Party To Lam, who was born in the province, according to the invitation.

It is unclear whether he will join the event. Vietnams state news agency said Prime Minister Pham Minh Chinh will participate in a groundbreaking event on Wednesday in Hung Yen, without specifying for which project.

Apart from the ceremony, Eric Trump is also set to meet Ho Chi Minh City officials on Thursday to explore plans for a possible skyscraper in Vietnams southern business hub, according to an internal schedule seen by Reuters.

Vietnam has tremendous potential for luxurious hospitality and entertainment, Eric Trump, who is a senior vice president of the Trump Organization, said in October when the presidents family business announced a partnership with Vietnamese real estate firm Kinhbac City.

We are incredibly excited to enter this dynamic market.

The strategic collaboration, whose terms are not public, will focus on developing 5-star hotels, championship-style golf courses, and luxurious residential estates and unparalleled amenities in Vietnam, the consortium said in a statement in October.