Exclusive Fistful dollars and rice for Vietnam farmers moved for $ 1.5 billion Trump Golf Club

Provided by Khanh VU and Francesco Guarasacio

Hung Yen, August 11 (Reuters) -Vietnam farmer Nguyen Thi Huong sleep poorly as the authorities told her to dismiss her farm for a short family -backed golf resort, offering just $ 3,200 and rice attitudes.

The golf resort, which is planned to start construction next month, offers thousands of villagers with such compensation packages to leave the land that has given a livelihood for many years or decades, says six people with direct knowledge and documents that Reuters see.

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The project is the first business partnership between US President Donald Trump’s family in Vietnam, which quickly confirmed confirmation as it negotiated a major trade agreement with Washington.

The developers now reduce compensation forecasts from the initial estimate of $ 500 million, said one person who has become familiar with plans who refused to find out for reasons for reduction.

Currently, the 990 -hectare site for the Golf course supports fruit farms that grow bananas, longan and other plants. While some see the possibility, many farmers are elderly and fear that they will try to find an alternative livelihood in Vietnam’s viable economy with the most young demographic demographic indicators.

“The whole village is worried about this project because it will take our land and leave us unemployed,” said the 50-year-old Huong, who was told to leave his 200 square meter (2152.78 square feet) plot in Hung Yen province near Capital Hanojus for less than one year in Vietnam.

Vietnamese real estate company Kinhbac City and its partners will create a luxury golf club, paying $ 5 million to the Trump organization. USD for brand licensing rights on the basis of regulatory application and source familiar with the transaction.

The Trump family business will manage the club as soon as it finishes, but will not participate in investment and compensation for farmers.

Trump stated that his property in business is considered a confidence owned by his children, but in June. The disclosure showed that the president eventually accumulates income from those sources.

The Vietnamese Ministry of Agriculture, Hung Yen government, Trump organization and Kinhbac City did not answer questions about compensation.

The authorities will set the final compensation rates, taking into account the amount and location of the land, and the next month is expected to be approved. Five farmers who encountered dislocations said the authorities noted salaries worth $ 12 to $ 30 per square meter of cultivated land.

They also offered additional payments for the torn factories and rice provisions for several months, approximately the one document seen by Reuters.

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