IFC agrees $87.5M loan for Vietnam, Lao tourism
IFC agrees $87.5M loan for Vietnam, Lao tourism
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.
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.
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