The groundbreaking of a $1.5 billion luxury golf resort in northern Vietnam, owned by the Trump Organization, has attracted significant attention. The Vietnamese government has reportedly expedited approvals for this venture, along with a luxury hotel project in Ho Chi Minh City, despite potential regulatory violations. This development comes amidst heightened tensions due to a threatened 46% tariff from the Trump administration and reflects Vietnam's strategy to maintain favorable relations with the U.S., given its trade dependency, where exports to America constitute about 30% of its GDP.
"Hanoi understands that for the Trump Administration, what is public is private, and the best way to curry favor is to do deals with the Trump family."
"Vietnam ranks among the most trade-dependent countries globally, with exports to the US alone accounting for approximately 30% of its GDP, according to official data."
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