Promoting sustainable growth
In the field of Real Estate, in April 2021, USD 200 million of international bonds listed on the Singapore Stock Exchange (SGX) with an interest rate of 7.375%, a term of 5 years were successfully issued by BIM Land – a subsidiary of BIM Group. This is also the first unlisted enterprise in Vietnam to successfully issue bonds in the international market and a pioneer in Green bonds – a type of bond where the proceeds Returns from the release must be used to implement green, valuable projects for promoting sustainable growth.
By setting up Green Financing Framework with an independent consultant, BIM Land's high-end resort real estate projects including InterContinental Ha Long, Park Hyatt Phu Quoc and Grand Bay Halong New World - Hotel Villas have been awarded the IFC's EDGE green building certification for energy saving, water saving, and new environmentally friendly materials.