Business
BIM Land gets $50 million from foreign lenders
BIM Land now get up to $137 million in financing from IFC 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.
IFC lends BIM Land $87.5 million to lift sustainable tourism infrastructure
US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land secures VND3,750 billion loan for Eaton Park project
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
WHA Group accelerates industrial park investment in Vietnam amid tariff tensions
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port unveils new deep-water terminals to meet growing trade demand
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy Group to raise $79 million for Haiphong property projects
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.