BIM Group was founded by Mr. Viet Quoc Doan (the Sponsor). Mr. Doan started his first businesses in Poland where he and his wife were studying for their PhD at Warsaw Politechnic, before returning to Vietnam in 1994 to form BIM Group and subsequently BIM Land. The Company is wholly owned by the Sponsor and his direct family.                                                  

 Total Project Cost is estimated to be US$202.8 million. IFC has been invited to provide a senior loan of up to US$57.2 million for IFC’s own account; and mobilize a senior loan of up to US$42.8 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (MCPP).

 The Project is located in Quang Ninh and Kien Giang provinces, Vietnam, and Vientiane, Laos.

  This is a Category B project according to IFC’s Environmental and Social Sustainability Policy as the potential adverse E&S impacts presented by the project are few in number, site-specific and have been or can be readily addressed through mitigation measures.

The key E&S issues in this project include: i) effective E&S due diligence prior to selection of project operator to ensure alignment of the project with national requirements and IFC’s Performance Standards; ii) development and implementation of an Environmental and Social Management System (ESMS) to ensure effective management of related issues during pre-construction (such as land acquisition and economic displacement) construction and operation; iii) implementation of HR and OHS policies and procedures for contractors and for BIM Land operations; iv) design and construction of buildings in accordance with recognized building standards including resource efficiency, structural integrity and  L&FS; v) management of potential environmental impacts and risks during construction and operations such as solid waste, liquid effluents and resource efficiency.