Vietnam's government approved the plan last week and the ceremony will be attended by U.S. President Donald Trump's son Eric Trump, organisers said. The event comes as the Southeast Asian country negotiates with Washington to avoid punitive tariffs.
Local authorities of the Hung Yen province, where the golf club will be built, have also invited Vietnam's leaders to the event, including the head of the ruling Communist Party To Lam, who was born in the province, according to the invitation.
Apart from the ceremony, Eric Trump is also set to meet Ho Chi Minh City officials on Thursday to explore plans for a possible skyscraper in Vietnam's southern business hub, according to an internal schedule seen by Reuters.
“We are incredibly excited to enter this dynamic market.”
It is unclear how the two partners share costs and revenues, and what conditions have been set for use of the Trump franchise.
Vietnam has made multiple pledges to the White House to avoid 46% “reciprocal” tariffs that would kick off in July after a global pause if no bilateral deal is reached.
Organisers said the project in Hung Yen, a few kilometres south of Hanoi along the Red River, rapidly obtained approvals from local authorities, noting that it was the result of earlier work by Kinhbac City on the plan which preceded the announcement of the partnership with the Trump Organization.
The Trump Organization has luxury golf projects, existing or under development, in countries from Indonesia to the Middle East.
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