Grand Theft America / Receipt money-2025-05-21-033
Trump Organization breaks ground on $1.5 billion Vietnam golf resort
The Trump Organization and a local partner broke ground on a $1.5 billion Trump-branded golf and residential complex near Hanoi, with Eric Trump attending.
What happened
The May 21, 2025 groundbreaking covered a roughly 990-hectare project with three golf courses, hotels and residences, slated for completion around 2027, developed with a subsidiary of Kinh Bac City Development. The $1.5 billion is the total announced project value, not income to the Trump family; the Organization's return comes through licensing fees that were not separately disclosed. The project advanced as Vietnam sought to ease U.S. tariff threats.
Why it matters
The Trump Organization broke ground on a $1.5B Vietnam golf resort that local officials fast-tracked while Vietnam sought to avoid US tariffs, with Eric Trump attending. Favorable treatment of the family's project by a government negotiating trade terms with the administration raises a conflict.
Receipt details
- Sell the office
- Deal value
- $1500M
