IFC invests $75m in bonds of Vietnamese property developer Phu My Hung

IFC invests $75m in bonds of Vietnamese property developer Phu My Hung

Hoa Binh Province is located 60 kilometres west of Hanoi. Photo: Pixabay.

International Finance Corporation (IFC) is subscribing to a 1.7-trillion-dong ($75-million) bond issuance by Vietnamese property developer Phu My Hung to help the latter expand housing projects to secondary provinces in Vietnam.