Prime Minister of Vietnam Pham Minh Chinh has met with Charles Bowman, General Director of Projects for the Trump Organization in Vietnam, to discuss a proposed US$1.5 billion luxury urban, eco-tourism, and golf complex in Hung Yen province. The project is a joint venture between Hung Yen Investment and Development Group Joint Stock Company and IDG Capital, the latter representing the Trump Organization, Tuoi Tre is reporting.
Key points from the linked article include:
- The US$1.5 billion project aims to develop a high-end urban, tourism, and sports complex, featuring a world-class golf course.
- The project is targeted for completion by March 2027, in time for the APEC 2027 summit.
- Bowman highlighted ongoing discussions with Vietnamese authorities and efforts to enhance US-Vietnam relations, including encouraging high-level business visits and advocating for Vietnam’s recognition as a market economy in the US.
Notably, Donald Trump’s return to the US presidency and his push for tariffs on countries with trade surpluses with the US has raise questions about how his administration will approach trade with Vietnam. In this context, the project’s approval may also have broader diplomatic and economic implications for Vietnam’s position in US trade relations.
See also: Buy More, Sell Less: Tackling Vietnam’s Trade Surplus with the US