Hung Yen, May 21 (Reuters) – VietnamThe prime minister and the son of the president of the United States, Donald Trump, Eric celebrated an inauguration ceremony on Wednesday for a luxury residential development of $ 1.5 billion with three 18 -hole golf courses outside Hanoi.

The Family Business organization of the Trump organization of the president of the United States and its local partners received the approval of the project last week from the communist authorities in Vietnamwhich is negotiating separately about tariffs with Washington.

Prime Minister Pham Minh Chinh said Eric Trump’s visit “motivated us to accelerate this project,” and urged local authorities to provide maximum support and facilitate the completion of the resort of 990 hectares (2,446 acres) within the planned period for the end of 2027.

Eric Trump will also meet with officials from the city of Ho Chi Minh on Thursday to explore the plans for a skyscraper in VietnamSouthern Business Hub, according to an internal schedule seen by Reuters.

Projects that will be developed in Vietnam It will be “the envy of all of Asia and the entire world,” said Eric Trump, who is senior vice president of the Trump organization. He praised his VietnamThat partner, the real estate firm Kinhbac City Kbc.hm, and promised to visit the country “very often.”

Eric Trump shakes hand with Vietnam Prime Minister, Pham Minh Chinh, during the opening ceremony for the Trump International project, Hung Yen Yen Yen Course in the Golf Field in Hung and Hung province on May 21, 2025. (Str/AFP photo through Getty Images)
Eric Trump shakes hand with Vietnam Prime Minister, Pham Minh Chinh, during the opening ceremony for the Trump International project, Hung Yen Yen Yen Course in the Golf Field in Hung and Hung province on May 21, 2025. (Str/News photo through Getty Images)

Str via getty images

The collaboration, whose terms are not public, “will focus on developing 5 -star hotels, championship -style golf courses and luxurious residential properties and incomparable services in Vietnam“The consortium said in a statement in October.

Vietnam It was destined to be beaten with some of the highest American rates of any country at 46% when President Trump announced his “Liberation Day” plan for global rates on April 2. Trump has since postponed the rates for 90 days.

VietnamCommercial negotiators are in Washington to discuss commitments. Offers made include the reduction of tariff Vietnam.

The organizers said that the Golf project in Hung Yen, a few kilometers south of Hanoi along the Red River, quickly obtained approval from local authorities.

The local people interviewed by Reuters outside the place showed support for the project, but some expressed concern about financial compensation. “With luck, we will obtain reasonable compensation when they take the land for the project,” said No Son, a 61 -year -old farmer.

Chinh repeatedly said that local people would be quite compensated.

The Trump organization has luxury, completed or developing golf projects, in countries from Indonesia to the Middle East.

(Rortated by Franco Guascoo, Phuong Ingunoen contains three dre