IFC agrees $87.5M loan for Vietnam, Lao tourism

18 September 2019
Phnompenh Post
Tourism
IFC agrees $87.5M loan for Vietnam & Lao tourism

Bim Land Joint Stock Company, a property developer under BIM Group, has reached an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, for a loan of up to $87.5 million to develop tourism infrastructure in Vietnam and Laos.

Tourism is one of the key growth drivers for both countries. Last year, Vietnam welcomed 15.5 million foreign visitors while Laos attracted about 4.2 million international arrivals, much lower compared to the 38 million foreigners visiting Thailand annually.

More…

 Vietnam News
https://www.phnompenhpost.com/business/ifc-agrees-875m-loan-vietnam-lao-tourism

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IFC agrees $87.5M loan for Vietnam, Lao tourism

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