Answer: False- Peter does not meet the formal qualifications to be President.
Explanation:
According to the Constitution of the United States, a person can only be president of the United States if they are a natural born citizen of the U.S. who have been resident in the U.S. for at least 14 years and are aged 35 and above.
Peter satisfies all these requirements apart from one, he is not a natural born citizen. A natural born citizen is one who was born in the United States. Peter was born in Vietnam so he does not qualify on that singular requirement.