The Trump Organization, in partnership with Kinhbac City, is exploring a skyscraper project in central Ho Chi Minh City, with Eric Trump expected to survey the site and meet city officials this week, Reuters has reported.
Key points in the article include:
- The visit follows Vietnam’s recent approval of a US$1.5 billion golf, hotel, and real estate development in the north, led by the same Trump-Kinhbac venture. A groundbreaking ceremony is reportedly planned for Wednesday, with Eric Trump in attendance.
- Vietnam is in talks with the US government to avoid punitive tariffs of up to 46 percent, set to resume in July. The country has offered concessions, including tariff reductions, support for Starlink (linked to Elon Musk, a Trump ally), and enforcement on trade fraud and counterfeiting.
- The Trump Tower concept remains in the early stages, and it is unclear whether it will move forward or gain regulatory approval.
- The financial structure, revenue sharing, and terms of the Trump brand’s use in the Vietnam projects remain undisclosed.
See also: What’s Next for Vietnam if Trump’s 46 Percent Tariff is Here To Stay?