HANOI (Reuters) – The Trump Organization, the family business of U.S. Republican presidential candidate Donald Trump, is exploring investment opportunities in Vietnam’s Hung Yen province, the provincial People’s Committee said in a statement.
Representatives from the Trump Organization visited the province and met local authorities to discuss investment opportunities on Monday, the committee said in a statement after the meeting.
Hung Yen, 50 km (31 miles) southeast of Hanoi, is the hometown of Vietnamese President To Lam and is also an industrial centre in northern Vietnam.
“Hung Yen province always supports investors, creating favourable administrative procedures for foreign investors to cooperate and develop in the province,” the provincial committee said in the statement.
The committee’s chairman Tran Quoc Van was quoted by state media as saying on Wednesday that the Trump Organization was seeking to develop hotel, golf course and entertainment facilities in the province.
The U.S.-based Trump Organization did not immediately respond to an emailed request from Reuters for comment.
A Reuters analysis last month found the golf course and resort business was the biggest driver of cash flow for the Trump Organization, which houses the hundreds of companies ultimately owned by Donald Trump.
Vietnam, with a population of 100 million, currently has around 70 golf courses and 100,000 local golfers, according to the Vietnam Golf Association.
“We welcome foreign investors to develop golf courses in Vietnam, where the number of golfers is rising rapidly on the back of strong economic growth,” said the association’s general secretary Vu Nguyen.
(Reporting by Khanh Vu, additional reporting by Phuong Nguyen; Editing by John Mair and Sonali Paul)
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