Credited from: REUTERS
The Trump Organization is exploring plans to build a skyscraper in Ho Chi Minh City, with Eric Trump set to scout potential locations this week. According to a Vietnamese government document, this visit occurs alongside talks regarding a $1.5 billion golf project that has also received approval from Vietnam. The document outlines a dinner invitation for local officials with Eric Trump, expected to occur at a central hotel in the city, as officials prepare to "survey the proposed location of the Trump Tower building" and engage city leaders regarding the project, according to Reuters and South China Morning Post.
During this visit, the Trump delegation aims to finalize details concerning the new tower project and another real estate development in collaboration with the Vietnamese partner, Kinhbac City Development Corporation. A meeting is scheduled for Thursday with city leaders to discuss the proposed locations, following field surveys that have already taken place. This potential tower is still in preliminary discussions, and there is uncertainty regarding further developments, according to Channel News Asia.
The approval for the $1.5 billion golf project is seen as part of Vietnam's effort to strengthen its economic ties with the U.S., especially as it prepares for potential tariffs on its exports. Vietnam's officials have committed to negotiating terms that could help avoid a 46% levy that President Trump has threatened. This economic cooperation is particularly pivotal now as both nations engage in discussions aimed at fostering trade relationships amidst rising global economic tensions, as noted by Reuters and South China Morning Post.
The golf resort near Hanoi is planned to cover 990 hectares and will include luxury villas and a 54-hole course, with completion aimed for March 2027 to coincide with the Asia-Pacific Economic Cooperation (APEC) summit hosted by Vietnam. As these large-scale projects unfold, the Trump Organization remains focused on expanding its luxury developments in the region, which could significantly impact local economic growth, according to Channel News Asia.