IFC agrees $87.5M loan for Vietnam, Lao tourism

Yeah, that place out 'there'. Anything not really Cambodia related should go here.
Adam Xie
Expatriate
Posts: 203
Joined: Fri Jul 12, 2019 11:48 am
Reputation: 43
Cambodia

IFC agrees $87.5M loan for Vietnam, Lao tourism

Post by Adam Xie »

Phnom Penh Post

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.

Both Vietnam and Laos have significant potential for further growth. One of their big challenges is the lack of quality accommodation facilities in tourist destinations.

https://www.phnompenhpost.com/business/ ... ao-tourism

Indirectly relating to Cambodia.
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: armchairlawyer, DavidMurphy, Freightdog, IraHayes, JUDGEDREDD, Ozinasia, PSD-Kiwi and 394 guests