logo
Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty

Trump Organization Invests $1.5 Billion In Luxury Golf And Urban Project In Vietnam Amid Tariff Uncertainty

Yahoo29-03-2025

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

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dollar slides on easing trade tensions, Fed expectations
Dollar slides on easing trade tensions, Fed expectations

Yahoo

time24 minutes ago

  • Yahoo

Dollar slides on easing trade tensions, Fed expectations

By Rae Wee SINGAPORE (Reuters) -The dollar slid on Thursday on further signs that U.S. President Donald Trump may adopt a softer stance in tariff negotiations and heightened expectations of Federal Reserve rate cuts. Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs are imposed. U.S. Treasury Secretary Scott Bessent suggested earlier that the Trump administration may offer extensions from a July trade deal deadline for countries negotiating in good faith. The remarks renewed dollar weakness, lifting the euro to a seven-week high. It last bought $1.1525. The greenback lost 0.43% against the yen and 0.34% against the Swiss franc to last trade at 143.98 and 0.81725, respectively. Against a basket of currencies, the dollar fell to its weakest since April 22 at 98.327. "It's hard to tell whether there is a masterplan behind this, but common sense would suggest that President Trump is trying to create a level of urgency in terms of trade negotiations," said Rodrigo Catril, senior currency strategist at National Australia Bank. "I think the market, in terms of the size of the moves, is becoming a little bit more sanguine about what this all means... the market is also very wary that the picture could change quite dramatically in a week's time or two weeks' time." Elsewhere, sterling was up 0.38% to $1.3588. The Australian dollar ticked up 0.05% to $0.6506, while the New Zealand dollar rose 0.1% to $0.6033. On Wednesday, data showed U.S. consumer prices rose less than expected in May, leading traders to ramp up bets of a Fed cut as early as September and keeping pressure on the dollar. Thursday's producer price index data will be the next test for markets. The offshore yuan was last a touch stronger at 7.1953 per dollar, helped slightly by news that a fragile truce in the U.S.-China trade war was restored as both sides reached a deal following talks in London this week. "Full details have not been published, and it remains unclear if the talks brought the two largest economies closer to productive cooperation," said Mantas Vanagas, senior economist at Westpac. EURO STRENGTH The euro was clinging to strong gains on Thursday, having jumped against most other currencies in the previous session. Against the yen, the common currency last stood at 165.88 having risen to its firmest since October at 166.42 on Thursday. It was up 0.13% against the Aussie, extending a 0.9% gain from Thursday, and had also touched a one-month high of 84.88 pence overnight. While there was no immediate trigger behind the moves, analysts say the euro has over the past week drawn support from hawkish European Central Bank (ECB) rhetoric. Last week, the ECB cut interest rates as expected but hinted at a pause in its year-long easing cycle after inflation finally returned to its 2% target. "Expectations of fewer previously expected ECB rate cuts have lent some support to the euro," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. That contrasts with the likely resumption of a Fed easing cycle later this year, and as Trump has repeatedly called for U.S. rates to be lowered. Trump said last week that a decision on the next Fed chief will be coming soon, adding that a good Fed chair would lower interest rates. The euro has risen nearly 11% for the year thus far, helped in part by a weaker dollar and as investors pour money into European markets in a move away from the U.S. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Chinese fighter jets flew unusually close to Japanese patrol planes
Chinese fighter jets flew unusually close to Japanese patrol planes

Yahoo

time28 minutes ago

  • Yahoo

Chinese fighter jets flew unusually close to Japanese patrol planes

(Corrects the date of the Japan defence ministry announcement to Wednesday, not Thursday, in paragraph 1) By Kantaro Komiya and Nobuhiro Kubo TOKYO (Reuters) -Chinese fighter jets flew unusually close to Japanese military patrol planes over the weekend as two Chinese aircraft carriers operated in the Pacific Ocean for the first time, Japan's defence ministry said late on Wednesday. On Saturday, a Chinese J-15 jet from the aircraft carrier Shandong chased a Japanese P-3C patrol aircraft for about 40 minutes, the ministry said. On Sunday, a J-15 chased a P-3C for 80 minutes, crossing in front of the Japanese aircraft at a distance of only 900 meters (2,950 feet), it said. At one point on both days, a Chinese J-15 flew as close as 45 meters to a Japanese aircraft, the ministry said. The P-3C aircraft, belonging to Japan's Maritime Self-Defense Force based in the island of Okinawa, were conducting surveillance over international waters in the Pacific, the ministry said. "Such abnormal approaches by Chinese military aircraft could potentially cause accidental collisions, and we have expressed serious concern and strongly requested prevention of recurrence," the ministry said, attaching close-up images of the J-15 jet it took on Sunday. Earlier this week, Tokyo said the Shandong and another Chinese carrier the Liaoning were conducting simultaneous operations in the Pacific for the first time, describing it as a move signifying Beijing's intention to further widen its capabilities beyond its borders. Beijing on Tuesday said the operations were a "routine training" exercise that did not target specific countries. In 2014, Tokyo said it spotted Chinese military aircraft flying as close as 30 metres to its military aircraft over the East China Sea and protested to Beijing.

Taiwan cyber unit says it will not be intimidated by China bounty offer
Taiwan cyber unit says it will not be intimidated by China bounty offer

Yahoo

time44 minutes ago

  • Yahoo

Taiwan cyber unit says it will not be intimidated by China bounty offer

TAIPEI (Reuters) -Taiwan's cyber forces will not be intimidated by China's threats of a bounty for the arrest of 20 people Beijing says are Taiwanese military hackers, and China's legal system has no jurisdiction on the island, its defence ministry said. China views democratically-governed Taiwan as its own territory and has over the past five years increased its military and political pressure against the island. Taiwan's government rejects Beijing's sovereignty claims. Last week, the public security bureau in the Chinese city of Guangzhou said the hackers were part of the Taiwan military's Information, Communications and Electronic Force Command, and published their pictures, names and Taiwan identity card numbers, offering rewards of more than $1,000 for their arrest. On Wednesday, China's Taiwan Affairs Office said the government will "pursue the matter to the end, and will not be lenient", using legal channels to "crack down" on their activities. Late Wednesday, Taiwan's defence ministry's electronic force command said China was continuing to use "fictitious cyber hacking incidents to distort the facts" and offering cross-border rewards. According to Taiwan's constitution, China's communist party has no legal jurisdiction over the island and its laws have "no real binding force" on Taiwan's people, it said in a statement. "The Chinese communists have invoked their domestic laws and regulations to systematically manipulate public opinion, with the intention of creating long arm jurisdiction and undermining the morale of our military," it added. "The officers and soldiers of the Information, Communications and Electronic Force Command will not be affected by this, and will continue to defend the digital frontier and ensure national security through the solid defence of information." Taiwan has repeatedly accused China of staging not only widespread hacking attacks against it, but also of spreading fake news via social media and other means to undermine confidence in the government.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store