Overview

• Vietnam's Deputy Prime Minister Tran Hong Ha has formally approved a $1.5 billion investment by the Trump Organization and local partner Kinhbac City.
• The project spans 990 hectares near Hanoi and includes golf courses, resorts, hotels, and a modern residential complex.
• Construction is scheduled to start in Q2 2025 and run through Q2 2029, with the first two golf courses expected to open by mid-2027.
• The approval coincides with US–Vietnam trade talks, as Vietnam seeks to avoid a 46% US import tariff and expand market access.
• Vietnam, a growing hub for foreign investment, has an established golf market with 70 courses and 100,000 registered golfers.