PROJECT

Projects

Summary of Investment Information

Project Number

47708

Company Name

BIM LAND JOINT STOCK COMPANY

Date SPI Disclosed

Aug 29, 2023

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Jun 28, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 2, 2023

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Jun 29, 2023
Signed : Jul 24, 2023
Invested : Aug 30, 2023

Sector

City and Business Hotel

Project Description

The proposed IFC investment consists of subscriptions to sustainability-linked bonds (“SLB”) of up to approximately US$150 million (in VND equivalent), of which US$50 million will be issued by Thanh Xuan Joint Stock Company and US$100 million will be issued by BIM Land Joint Stock Company (“BIM Land”). The proposed IFC investment is earmarked for (i) the development of Thanh Xuan valley project, which includes a hotel complex under the InterContinental brand, shophouses, and infrastructure of the project; and (ii) InterContinental Hotel and Regent Hotel in Phu Quoc. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation