Vietnam approves Trump Organisation's $1.5 bn golf and real estate project

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Vietnam approves Trump Organisation's $1.5 bn golf and real estate project - Business Standard

Quick Summary:

Vietnam has approved a $1.5 billion proposal by the Trump Organisation and its Vietnamese partner to build golf courses, hotels and real estate projects in the Southeast Asian country, state-run media reported Friday.

The project spanning 990 hectares (2,446 acres) in northern Vietnam's Khoai Chau district will include a golf course the size 336 American football fields, residential areas, commercial spaces and parks.

Vietnam is heading into negotiations with the US in a bid to avoid the 46% tariffs on its exports announced by President Donald Trump's administration.