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

Republican presidential nominee and former U.S. president Donald Trump holds a rally in Juneau

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)