कोशिश गोल्ड - मुक्त
Fistful of dollars and rice for Vietnamese farmers displaced for Trump golf club
Business Standard
|August 12, 2025
Vietnamese farmer Nguyen Thi Huong has slept poorly since authorities told her to vacate her farm for a Trump family-backed golf resort, offering just $3,200 and rice provisions in return.
The golf resort, for which construction is scheduled to begin next month, is offering thousands of villagers such compensation packages to leave the land that has provided their livelihood for years or decades, according to six people with direct knowledge and documents seen by Reuters.
The project is the first partnership for the family business of US President Donald Trump in Vietnam, which fast-tracked approvals as it negotiated a crucial trade deal with Washington.
Developers are now cutting compensation forecasts from an initial estimate exceeding $500 million, said one person familiar with the plans who declined to elaborate on reasons for the reduction.
The 990-hectare site designated for the golf course currently supports fruit farms growing bananas, longan, and other crops. While some see opportunity, many farmers are elderly and fear they will struggle to find alternative livelihoods in Vietnam's vibrant economy with its largely young demographic.
"The whole village is worried about this project because it will take our land and leave us jobless," said 50-year-old Huong, who was told to leave her 200-square-metre (2152.78 square-feet) plot in Hung Yen province near capital Hanoi for less than the average pay for one year in Vietnam.
यह कहानी Business Standard के August 12, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Business Standard से और कहानियाँ
Business Standard
Dubai's kids entertainment brand to debut in India in '26
Kids' luxury entertainment space, Boo Boo Laand, which is present in Dubai Mall, is expected to enter India by 2026, with its first launch in Mumbai's Jio World Plaza, a luxury shopping mall.
1 min
November 03, 2025
Business Standard
Even for Mamdani supporters, his thin résumé is a cause for concern
AS MIDTERMS IN THE US NEAR ...
2 mins
November 03, 2025
Business Standard
Gems & jewellery shipments to US hardest hit in Sep
Exports of gems and jewellery to the United States (US) were hit the hardest in September, following the full impact of the 50 per cent tariff that took effect during the month.
2 mins
November 03, 2025
Business Standard
Deep-tech investors aim for synergies
As India bets on deep tech, investors are seeing collective intelligence — not competition — as the smartest strategy
4 mins
November 03, 2025
Business Standard
Carmakers split over relief to flex-fuel, strong hybrids
Both technologies, if combined, may narrow EVs’ emission edge
4 mins
November 03, 2025
Business Standard
Lamborghini family's next Italian export: Luxury homes in India
In what could mark a new era in India’s branded residences landscape, an Italian touch may soon grace the country’s skylines, with the iconic Lamborghini family set to announce its first project.
2 mins
November 03, 2025
Business Standard
Isro scripts history with launch of heaviest communications satellite
Marking yet another milestone in the space sector, the Indian Space Research Organisation (Isro) on Sunday launched CMS-03, the heaviest communication satellite launched so far from Indian soil.
2 mins
November 03, 2025
Business Standard
A new wave of reforms set to sweep banking
At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business
5 mins
November 03, 2025
Business Standard
Regulators have an issue to solve: Dynamic pricing's cost
DYNAMIC PRICING RAISES ETHICAL QUESTIONS ABOUT NECESSITY, EQUITY AND TRANSPARENCY. INDIA MUST URGENTLY TACKLE THIS DELICATE FINANCIAL ISSUE IMPACTING MILLIONS
2 mins
November 03, 2025
Business Standard
India watches as Trump engages with East Asian leaders
Last week, our government took some measures to facilitate trade for importers and exporters.
2 mins
November 03, 2025
Listen
Translate
Change font size
