Trump Organization to develop $1.5 billion golf course and hotel project in Vietnam

 

HANOI (Reuters) – Vietnam’s real estate developer Kinhbac City (KBC) said on Tuesday that its subsidiary has partnered with The Trump Organization to develop a $1.5 billion golf course and hotel project in northern Vietnam.

A memorandum of understanding between the two companies was signed in late September during the visit of the Vietnamese President To Lam to the United States, KBC said in a statement.

(Reporting by Phuong Nguyen; Editing by Martin Petty)

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