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 Vietnam's Hung Yen province.

The Trump Organization plans to build a $1.5 billion complex of hotels, golf courses and homes in northern Vietnam in a joint venture with a local industrial park developer, according to a statement from the Vietnamese company.

The project consists of two 54-hole golf course systems, together with a network of hotels and resorts and a modern residential complex.

Total trade turnover between Vietnam and France stood at $3.4 billion in the first eight months of this year, 6.9% higher than the same period of 2023, official data showed. Copyright 2024 Thomson Reuters.

Vietnam and France agreed to upgrade diplomatic relations between the two countries to a comprehensive strategic partnership, the Southeast Asian country’s highest level.