The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of $44 million in Vietnam’s real estate developer Nam Long Investment Corporation (NLG), according to a disclosure.
The proposed investment, which is a corporate bond of up to VND 1 trillion (approximately $44 million equivalent), will help support Nam Long’s project Waterpoint Phase II. The 190-hectare project will be located in Long An, around 30km southwest of Ho Chi Minh City with a total cost estimated at $ 411 million.
