Trump resort in Vietnam
- Status
- Under development
- Type
- Licensing and development · May 1, 2025
- Counterparty
- Kinhbac City, a Vietnamese real estate developer, and its partners (Reuters); AP reported Vietnam’s deputy prime minister signed off on the deal at a ceremony
- Amount
- A $5 million brand-licensing fee paid to the Trump Organization, per regulatory filings and a source familiar with the deal (Reuters), for a $1.5 billion project
- People
- Donald Trump · Eric Trump
WHO PAID, WHO GOT WHAT
AP, citing The New York Times, reported Vietnam’s government pushed farmers off land for the project. Reuters reported Vietnam fast-tracked approvals as it negotiated a trade deal with Washington.
WHAT THE RECORD SHOWS
Reuters reported that Vietnamese authorities approved the project in May 2025, the week before Vietnam’s prime minister and Eric Trump held a groundbreaking ceremony on May 21. Month-precision date (first of the month).
RESPONSE
The Trump Organization denied direct business with the government.
Correction. An earlier version listed the Vietnamese government as a counterparty and said the amount was not disclosed. Reuters reports that the developer is Kinhbac City and its partners and that the Trump Organization was paid a $5 million brand-licensing fee; AP reported that Vietnam’s deputy prime minister signed off on the deal. Corrected September 18, 2026.
SOURCES
- PBS NewsHour (Associated Press): How the Trump family’s business deals could open the door for future presidents to profit from office ↗
- BNN Bloomberg (Reuters): Fistful of dollars and rice for Vietnam farmers displaced for US$1.5 billion Trump golf club ↗
- NBC News (Reuters): Trump Organization breaks ground on $1.5 billion golf club in Vietnam ↗
A connection recorded here is not proof that it bought the outcome. Where a response exists, it is part of the record. How entries are labeled · Submit a correction or response · Download the ledger
