In a significant move into the Southeast Asian market, the Trump Organization, led by Eric Trump, has commenced construction on a $1.5 billion luxury golf resort in northern Vietnam. The project, located in Hung Yen province near Hanoi, marks the company’s largest development in East Asia to date. The ground-breaking ceremony, held on May 21, 2025, was attended by Eric Trump and Vietnamese officials, underscoring the project’s importance to both parties.
Strategic Location and Project Scope
Hung Yen province, situated approximately 50 kilometres southeast of Hanoi, has been selected for this ambitious development. The resort will feature three 18-hole golf courses, a luxury hotel, residential villas, and modern amenities, catering to high-profile events and elite business gatherings. The first two golf courses are expected to be operational by mid-2027, with the entire complex slated for completion by 2029. This timeline aligns with Vietnam’s hosting of the APEC summit in 2027, highlighting the project’s strategic significance.
Partnership with Kinhbac City
The Trump Organization has partnered with Kinhbac City, a prominent Vietnamese real estate developer, to bring this project to fruition. The collaboration was formalized through a memorandum of understanding signed in September 2024 during a visit by Vietnamese President To Lam to the United States. This partnership combines the Trump Organization’s expertise in luxury real estate with Kinhbac City’s local knowledge and development capabilities.
Economic and Diplomatic Implications
The development of this luxury resort comes amid ongoing trade negotiations between the United States and Vietnam. The Vietnamese government has been seeking to avoid the imposition of a 46% U.S. import tariff by offering concessions, including lowering tariffs and providing favourable conditions for American businesses. The Trump Organization’s investment in Vietnam is seen as a positive signal of economic collaboration between the two nations.
Expansion Plans in Vietnam
Beyond the Hung Yen project, the Trump Organization is exploring additional opportunities in Vietnam. Plans are underway for a potential skyscraper in Ho Chi Minh City, with Eric Trump scheduled to meet with local officials to discuss the development. These initiatives reflect the company’s confidence in Vietnam’s growing economy and its potential as a destination for luxury real estate investments.
Conclusion
The Trump Organization’s $1.5 billion luxury golf resort in Vietnam represents a significant expansion into the Southeast Asian market. Through its partnership with Kinhbac City, the company aims to create a premier destination for luxury tourism and business events. As the project progresses, it is expected to enhance economic ties between the United States and Vietnam, contributing to the region’s development and growth.
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