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Trump Organisation signs MOU on golf course, hotel development in Vietnam

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

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