The Trump Organization and a partner are reportedly in talks to construct a skyscraper in Ho Chi Minh City, Vietnam. Eric Trump, who now heads the conglomerate, is scheduled to visit the country this week for discussions on the potential project. A government document obtained by Reuters revealed that city officials have been invited to a dinner with Eric Trump, where they will discuss plans for the Trump Tower building in an upscale area of the city.
The Trump Organization and its local partner, Kinhbac City, have not yet commented on the reports. However, Vietnam recently approved a $1.5 billion project involving the construction of golf courses, hotels, and real estate developments throughout the country. This includes a massive golf course spanning 336 American football fields, with a groundbreaking ceremony scheduled for Wednesday in northern Vietnam.
Vietnam’s rush to strike a deal with President Trump is aimed at avoiding a hefty 46% tax on its exports to the US, particularly in the clothing and electronics sectors. The country has offered to eliminate tariffs on US goods, reduce non-tariff barriers, crack down on counterfeiting, and authorize satellite services from Elon Musk’s Starlink. Vietnam has faced criticism from the US for not doing enough to prevent Chinese goods from entering the country.
The details regarding cost-sharing and revenue distribution for the golf course and potential tower project between the Trump Organization and Kinhbac remain unknown. The Trump Organization is known for its luxury golf projects worldwide, with developments in the US, Europe, and the Middle East.
As Eric Trump prepares for his visit to Ho Chi Minh City, the potential for a Trump Tower to rise in the skyline of Vietnam’s bustling metropolis is an exciting prospect. Stay tuned for further updates on this developing story.
