Kinhbac City and Trump Organization Join Forces for $1.5 Billion Golf Resort in Vietnam

Kinhbac City partners with The Trump Organization to develop a $1.5 billion project in Vietnam's Hung Yen province. This project features golf courses, hotels, and resorts. The Trump-led business, a significant cash flow driver, explores Vietnam's luxury market. No construction timeline announced yet.

Vietnam's real estate giant, Kinhbac City (KBC), has announced a partnership with The Trump Organization to develop a substantial $1.5 billion project, encompassing a golf course and hotel in Vietnam's Hung Yen province.

The collaboration materialized through a memorandum of understanding signed during Vietnamese President To Lam's visit to the U.S. in late September. The project will include two 54-hole golf courses, a network of luxury hotels and resorts, and a modern residential complex.

An August analysis by Reuters highlighted that the golf course sector represents a significant revenue stream for The Trump Organization. Eric Trump expressed enthusiasm about entering the Vietnamese luxury market. Details regarding the construction timeline remain undisclosed.

(With inputs from agencies.)