March 28, 2025 – The Trump Organisation, in collaboration with its Vietnamese partner, is advancing plans for multi-billion-dollar investments in golf courses, hotels, and real estate projects across Vietnam. These developments come as the Southeast Asian nation faces potential U.S. tariffs due to its significant trade surplus with Washington.
The first project, valued at $1.5 billion, is set to break ground near Hanoi in May. It will feature three 18-hole golf courses and a residential complex, marking the Trump Organisation’s largest initiative in East Asia. The first two courses are expected to be operational by mid-2027. Additional projects near Ho Chi Minh City are under consideration, with announcements anticipated by the end of the year.
Vietnam has pledged to rebalance its trade gap with the U.S. by increasing imports, reducing tariffs, and allowing Elon Musk’s Starlink satellite internet services to operate under a pilot scheme. These measures aim to preempt the Trump administration’s reciprocal tariffs, scheduled for April 2.
Despite the risks, the Trump Organisation’s ventures highlight Vietnam’s growing appeal as a destination for foreign investment. With a population of 100 million and a thriving golf community, the country offers significant opportunities for expansion in the hospitality and leisure sectors. Representatives from the consortium recently met with Vietnam’s Prime Minister Pham Minh Chinh to discuss the projects.
As trade tensions escalate, the Trump Organisation’s investments underscore the complexities of balancing economic interests with geopolitical challenges in the region.