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Fortune

Paolo Confino

The Trump Organization has been approved for a $1.5 billion golf resort in Vietnam

the Trump Organization the Trump Org Golf Vietnam Donald Trump Eric Trump Donald Trump Jr. United States White House

President Donald Trump and his son Eric Trump riding in a golf cart (Credit: Lauren Sopourn/Getty Images)

Vietnam's Deputy Prime Minister Tran Hong Ha approved the Trump Organization’s plans to build a golf resort, hotel, and other real estate developments near Hanoi. The project calls for a $1.5 billion investment. The approval comes amid trade negotiations between Vietnam and the United States, as the Southeast Asian country, an industrial hub, seeks to avoid a U.S. import tariff of 46%.

The Vietnamese government approved a $1.5 billion development for the Trump Organization and an investment partner to build a golf resort outside Hanoi.

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