Eric Trump and Vietnam's PM launched a $1.5 billion luxury project with golf courses near Hanoi. The Trump Organization partnered with Kinhbac City amid tariff negotiations.

The Trump Organization, created by the US president, decided to join forces with Kinh Bac City Development Holding Corp., whose shares are listed in Vietnam, with the aim of building a top golf course, as well as a residential complex and resorts. The project will be worth 1.5 billion dollars, and will be located in Hung Yen province.

Set across a 990-hectare property along the Red River, the project will feature two Trump-branded golf courses, a five-star hotel, luxury villas and supporting amenities, according to a statement from the Trump Organization.