Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty
The Trump Organization is investing $1.5 billion in a high-end golf course and urban complex project in northern Vietnam, slated for completion in March 2027.
What Happened: The project is located in the Hung Yen province and is expected to be ready in time for the APEC Economic Leaders' Meeting in 2027. Charles James Boyd-Bowman, CEO of IDG Capital Vietnam, which represents the Trump Organization in Vietnam, revealed this information during a meeting with Vietnamese Prime Minister Pham Minh Chinh last Tuesday, reported Reuters.
The Trump Organization did not immediately respond to Benzinga's request for comment.The project, reportedly set to break ground in May, includes three 18-hole golf courses and a residential complex. It is the largest in East Asia for the Trump Organization. The first two courses are expected to be operational by mid-2027. The consortium is also considering investments in three or four projects in Vietnam in total. The Trump Organization, led by Eric Trump, will oversee the facilities.
Why It Matters: This move comes despite the risk of U.S. tariffs on Vietnam, which has one of the world's largest trade surpluses with Washington. In 2024, the country exported goods equivalent to 30% of its GDP to the U.S.The Vietnamese PM also encouraged the Trump Organization to expand its investment in Vietnam, emphasizing the potential for more U.S. capital in the country. He urged the firm to strengthen partnerships with local enterprises, integrating them into its global supply chain and ecosystem.
Boyd-Bowman's company is collaborating with Vietnamese authorities to speed up the project, while Prime Minister Chinh pledged a thorough yet swift review to ensure legal compliance and stakeholder interests.
Vietnam is addressing the trade gap and tariff concerns by increasing U.S. imports and reducing trade barriers. The country is also allowing Elon Musk's Starlink to operate in the country under a pilot scheme that maintains local control while bypassing foreign ownership restrictions.
Read Next:
Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.
If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Get the latest stock analysis from Benzinga?
This article Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Space and defense tech firm Voyager raises $382.8 million in US IPO
(Reuters) -Voyager Technologies raised $382.8 million in its U.S. initial public offering, the space and defense tech company said on Tuesday, amid a global rush to amp up military spending. The company, which provides mission-critical space and defense technology solutions, along with some investors sold roughly 12.35 million shares at $31 per share, above its marketed range of $26 to $29. The offering is the latest in recent weeks as the U.S. IPO market regained its footing after being restricted by tariff-driven volatility. The Denver, Colorado–based company's IPO comes as President Donald Trump's administration looks to sharply increase spending on defense and space projects. Trump last month selected a design for his $175 billion Golden Dome project, a next-generation U.S. missile defense shield. The stock will trade on the New York Stock Exchange on Wednesday under the symbol "VOYG". Morgan Stanley and J.P. Morgan are the lead underwriters on the listing.
Yahoo
30 minutes ago
- Yahoo
Mexico eases trade ban on Brazilian chicken
SAO PAULO (Reuters) -Mexico eased a ban on chicken shipments from Brazil, setting the restriction now only to products coming from the Brazilian state of Rio Grande do Sul, instead of a previous countrywide ban, Brazil's Agriculture Ministry said on Tuesday. On the other hand, the ministry said in a statement that Mauritania announced a countrywide ban on imports of Brazilian chicken, while Oman suspended chicken imports coming from Rio Grande do Sul state. Brazil last month identified a case of bird flu on a commercial farm in Rio Grande do Sul, triggering trade restrictions from dozens of countries.
New York Post
an hour ago
- New York Post
LA anti-ICE looters shatter Apple store and make off with iPhones, Adidas in another night of chaos
Looters tore apart stores across Los Angeles as daytime protests against ICE-immigration raids descended into chaos overnight, yet again — and even a museum dedicated to Japanese-American immigrants was vandalized. Windows were smashed and merchandise was stolen at LA's Broadway Apple store Monday night, while down the block the Adidas store was broken into and robbed of sneakers by frenzied crowds. The windows of a nearby jewelry store were also smashed open and the shop's shelves were completely emptied by looters, while two marijuana dispensaries and a pharmacy were also raided, according to NBC 4. 4 A worker boards up an Adidas store after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS Footage from the chaos showed mobs masked and hooded hooligans pouring into the stores and grabbing armloads of whatever was in sight and then pouring back out onto the street spilling goods as they fled. Some ran right into the ranks of waiting cops, but many were able to muscle themselves free from the overwhelmed officers and escape. 'This is so ridiculous. This doesn't look like they're protesting for ICE or anything. Just looting the stores,' one fed up business owner who watched the overnight chaos unfold told News Nation. Across town in Little Tokyo, a sushi restaurant — Otoro Sushi — even had its doors ripped open by mobs, with troublemakers appearing to make off with a computer monitor and other equipment while onlookers yelled that they were 'Making us look bad.' 4 Products lie scattered in an Apple store after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS 4 People clean graffiti after days of protests against federal immigration sweeps and the deployment of the California National Guard and US Marines, outside the Japanese American National Museum in Little Tokyo, Los Angeles, California, U.S., June 10, 2025. REUTERS The Japanese American National Museum was even targeted, with 'F**k ICE' and other graffiti spray-painted across windows, walls, and even over what appeared to be an outdoor exhibit about Japanese-American soldiers who fought in WWII as their families were locked away in internment camps. Volunteers flocked to the museum Tuesday morning with brushes and soap to help scrub away what vandalism they could, photos showed. And back on Broadway workers were seen laboring to sweep up and take stock of the damaged stores, while shattered windows and doors were boarded up. 4 Broken glass lies on the floor of a cannabis stores after it was looted following days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. REUTERS At least 14 people were arrested for looting, according to police, while another 96 were arrested for failure to disperse. The protests were expected to continue for a fifth day and night Tuesday, as President Trump dispatched another round of National Guard troops — as well as Marines forces — to quell the chaos. Those deployments — which California's and LA's Democrat leaders say have done nothing but fuel the chaos in the city — is expected to cost at least $134 million, the Pentagon revealed Tuesday. Defense Secretary Pete Hegseth said its likely the troops will remain in LA for about 60 days, telling a House budget hearing that the protestors were 'rioters, looters and thugs.' Chaos was sparked in the City of Angels Friday after ICE carried out numerous raids to arrest suspected illegal immigrants. Activists attempted to block the raids and later picketed a downtown detention center where some of the detainees were being held, before the demonstrations snowballed into all-out riots in some areas.
