The Trump organization triggers a golf club of 1.5 billion US dollars in Vietnam

Hunger Yen, Vietnam Vietnam's Prime Minister and President Donald Trump's son Eric organized a groundbreaking ceremony on Wednesday for a luxury residential development of $ 1.5 billion with three 18-hole golf courses outside of Hanoi, the Vietnamese capital.

The family company of the US President of the Trump organization of the US President and his local partners received approval for the project from the communist authorities in Vietnam, which negotiated separately on tariffs with Washington.

Prime Minister Pham Minh Chinh said that Eric Trump's visit “motivated us to speed up this project” and asked the local authorities to provide maximum support and to make it easier to complete the 2,446 hectare resort.

Eric Trump will also meet Ho Chi Minh officials on Thursday to explore plans for a possible skyscraper in the southern Business Hub in Vietnam, as can be seen from an internal schedule of Reuters.

Projects that are to be developed in Vietnam will be “envy throughout Asia and the whole world,” said Eric Trump, Senior Vice President of the Trump organization. He praised his Vietnamese partner, real estate company Kinhbac City, and promised to visit the country “very often”.

Cooperation whose terms are not public will focus on the development of 5-star hotels, golf courses in championship style and luxurious residential goods and unprecedented amenities in Vietnam, “said the consortium in October.

Vietnam was to be hit with some of the highest US tariff rates of a country with 46% when President Trump announced his “Liberation Day” plan for global tariffs on April 2. Trump has postponed the tariffs for 90 days since then.

Vietnamese traders are in Washington to discuss compromises. The offers made so far include the reduction of tariffs and non-tariff obstacles, the tightening of the fight against trade fraud and the forgery and the provision of favorable conditions for Starlink, which introduces Trump's close ally Elon Musk in the possession of satellite internet services in Vietnam.

The organizers said that the project in Hunge Yen, a few miles south of Hanoi along the Red River, quickly received permits from the local authorities.

The Trump organization has luxury golf projects that were completed in countries from Indonesia to the Middle East or carried out in development.