BIM Land now get up to $137 million in financing from IFC and Credit Suisse.
The signing ceremony between BIM Land and Credit Suisse
BIM Land Joint Stock Company, a real estate development arm of BIM Group, has secured up to $50 million in financing from Credit Suisse AG, Singapore Branch.
The financing consists of a committed base size of $35 million with a $15 million greenshoe, making the second offshore loan that BIM Land has successfully arranged this year with international lenders.
Its first offshore loan that worth $87.5 million was signed earlier this year with the International Finance Corporation (IFC).
The combined up to $137.5 million in financing from both IFC and Credit Suisse are intended to support BIM Land’s property projects in Quang Ninh and Phu Quoc Island of Vietnam with the IFC’s financing package also supporting project in Vientiane of Laos.
BIM Land said that this financing comes at a time of major momentum which focuses on providing a wide range of property projects from high-rise apartment complexes and town houses to tourism-led properties such as condotels, beach villas, hotels and resorts.
The majority of BIM Land projects are located in tourism-led areas of Vietnam and Laos, hence it is anticipated that these projects will attract considerable demand from domestic and international tourists, thereby creating more jobs and boosting the local economies.
BIM Land is developing two large real estate, namely 150ha – Phu Quoc Marina and 248ha – Halong Marina and copperate with global hospitality brands such as Park Hyatt, Intercontinental, Regent or The Ascott.
The loan provided to the real estate development arm of BIM Group will be used to support the growth of sustainable tourism infrastructure in not only in Vietnam but also Lao PDR.
The loan provided to the real estate development arm of BIM Group will be used to support the growth of sustainable tourism infrastructure in not only in Vietnam but also Lao PDR.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
Lux Travel DMC has solidified its position as one of the global leaders in sustainable tourism with the prestigious Travelife Certified Sustainability Award 2025.
As AI becomes more prevalent, business leaders must evolve - blending management expertise with a deep understanding of technology and its applications.
Chief financial officers (CFO) in Southeast Asia are setting their sights on revenue growth to ensure resilience and maintain expansion through economic cycles.
