A Trump branded resort and golf course project in northern Vietnam is reportedly set to net the Trump family US$5 million, with US$4 million paid already, according to a disclosure to the US Office of Government Ethics→view source.

Key details:

Entities involved: DT Marks Vietnam LLC and DT Marks Vietnam Member Corp
Vietnam partner: Hung Yen Hospitality Services Joint Stock Company
Deal type: Trump brand licensing agreement
Reported value: US$5 million (US$4 million already received)
Asset locations: New York (receivables) and Vietnam (licensing rights)
Ownership breakdown:
- 79 percent – DTTM Operations LLC
- 20 percent – Trump family members
- 1 percent – DT Marks Vietnam Member Corp (managing member)

This sheds some light on the deal made between the Trump Organisation and Vietnam based developer Kinh Bac with respect to the US$1.5 billion project which has not been publicly disclosed.

It further supports speculation that the Trump Organisation will not be involved in financing the project which will be challenging in Vietnam’s current real estate market.

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