Trump Organization Invests $1.5 Billion in Vietnam Amid Tariff Risks

The Trump Organization plans to invest $1.5 billion in a luxury golf course and urban complex in northern Vietnam, expected to be completed by March 2027. The project, which includes three 18-hole golf courses and a residential complex, is being developed in collaboration with Vietnamese authorities and aims to enhance U.S.-Vietnam economic ties amidst concerns over potential U.S. tariffs. Vietnamese Prime Minister Pham Minh Chinh emphasized the importance of U.S. investment in stabilizing the economy, particularly as Vietnam exported goods totaling 30% of its GDP to the U.S. last year. While the investment is seen as a positive step, Vietnam is also bracing for new tariffs that could destabilize its economy, prompting officials to explore various measures to mitigate potential impacts. The government's proactive approach includes reducing import duties and fostering partnerships with U.S. businesses to strengthen trade relations. However, experts caution that Vietnam's efforts may not fully shield it from the ramifications of Trump's trade policies.