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IFC lends Phu My Hung $75 million to recover after Covid-19

IFC, a member of the World Bank Group, is providing a financing package of $75 million to Phu My Hung Development Corporation to help sustain its property development operations, in the wake of Covid-19 impacts.

Key quality drivers for integrated development in Vietnam

Developers taking part in city planning have to carefully understand the fundamentals of city planning in order to create sustainable value for their large-scale projects.

Phu My Hung sold entire batch of $1.7-trillion corporate bonds to IFC

The proceeds will be primarily used to develop Phu My Hung’s project in Hoa Binh province.

Mega ICBC stands behind Phu My Hung's $400 million consolidated loan

Taiwan based Mega International Commercial Bank has offered several short-term loans worth dozens of millions of US dollars to Phu My Hung to deploy projects in Vietnam since 2013.

Destination of Phu My Hung's huge profits

Phu My Hung joint venture reported an after- tax profit of nearly VND3.27 trillion, equalling to $140 million in 2016 only and was one of the largest profitable real estate companies in Vietnam.

PMH's investor spent huge sum on acquisition deals to expand

After successful development of Phu My Hung urban zone, Taiwan-based Central Trading & Development Group has acquired projects which cover areas of hundreds of hectares in Hoa Binh, Bac Ninh and Dong Nai provinces for expansion of land fund in the future.

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