The Trump Organisation and Vietnam’s Hung Yen Investment Group which is owned by Vietnam developer Kinhbac, have signed a memorandum of understanding with respect to developing a golf course and hotel complex in Vietnam’s Hung Yen province. Kinh Bac, in a press release, has said the total investment will be in the vicinity of US$1.5 billion.
Of note, it’s not clear that any of these funds will come from the Trump Organisation. The press release specifically states that it will be developed by a ‘consortium of investors selected by the Trump Organization’.
This latest development follows on from a meeting between Trump Organisation executives and provincial leaders in Hung Yen earlier this year.
See also: How to Open a Hotel in Vietnam: Ultimate Guide 2024