Core Points - A $1 billion Trump Tower is planned to be constructed in Vietnam, with an expected start date next year [1] - The tower will be at least 60 stories high and is the second major project under review by the Trump Organization in Vietnam [1] - The project is still in the preliminary stages, and investment is expected to primarily come from local partners [1] Company Developments - Eric Trump, Senior Vice President of the Trump Organization, recently visited Vietnam to assess the site for the tower in Ho Chi Minh City [1] - The Trump Organization is also involved in a golf resort project in northern Vietnam, which is expected to have an investment of $1.5 billion, with local partner Kinhbac City responsible for development [1] - Similar arrangements for local partnerships are anticipated for the Trump Tower project [1]

Core Viewpoint - The Trump Organization is considering building a Trump Tower in Ho Chi Minh City, Vietnam, following the Vietnamese government's approval of a $1.5 billion luxury golf resort project for the Trump family [2][9]. Group 1: Investment and Development - The Vietnamese government has approved a $1.5 billion investment for the Trump Organization to develop golf courses, real estate, and hotel projects in northern Vietnam, marking a significant move for the Trump family in the Southeast Asian market [2][9]. - The project is expected to cover an area of 990 hectares, with the first two golf courses anticipated to open by mid-2027 [2]. - The Trump Organization's local partner, Kinhbac City, announced plans to establish up to four golf courses and related hotel facilities in Vietnam [2]. Group 2: Trade Relations and Economic Impact - Vietnam is heavily reliant on exports, with the U.S. being its largest market. In 2024, Vietnam's trade surplus with the U.S. is projected to reach $123.5 billion, which has raised concerns from the Trump administration [5]. - In response to high tariffs imposed by the U.S., Vietnam has made several commitments to reduce tariffs and non-tariff barriers, as well as combat trade fraud [5][6]. - The ongoing trade negotiations between the U.S. and Vietnam are crucial, as failure to reach an agreement before the end of the 90-day tariff suspension could significantly impact Vietnam's economy [6][7]. Group 3: Corporate Engagement and Future Plans - Eric Trump, the Executive Vice President of the Trump Organization, is expected to visit Vietnam to meet with local officials and discuss potential projects, including the Trump Tower [8]. - The meetings in Ho Chi Minh City are part of the early stages of planning for the skyscraper project, with local authorities collaborating with the Trump Organization and its partners [8]. - The approval of the golf resort project and the potential tower in Ho Chi Minh City reflect the Trump Organization's strategy to expand its real estate portfolio in international markets [2][9].