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Thien Minh II

Sector: Waste Processing and Treatment • Location: Viet Nam

Source: International Finance Corporation (IFC)

Project
Active

Thien Minh Group (“TMG” or “Company”) is one of the largest private sector integrated tour and hotel operator companies in Vietnam. In 2010, IFC made its first investment of US$12 million in a convertible loan to fund part of the Company‘s acquisition costs of the Victoria hotel chain in Vietnam. TMG is undertaking a long term strategic plan to expand both the tour and the hotel business by: (i) d

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The project “Thien Minh II” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Viet Nam. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

Thien Minh Group (“TMG” or “Company”) is one of the largest private sector integrated tour and hotel operator companies in Vietnam. In 2010, IFC made its first investment of US$12 million in a convertible loan to fund part of the Company‘s acquisition costs of the Victoria hotel chain in Vietnam. TMG is undertaking a long term strategic plan to expand both the tour and the hotel business by: (i) developing a branded three star hotel chain across major cities in Vietnam; (ii) scaling up the four-star Victoria hotel chain to major cities and tourist destinations in Vietnam; and (iii) diversifying its tour product portfolio by adding additional services. The proposed project is to provide equity financing to TMG to fund its new projects.

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High

Data quality score

100%

Source

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URL

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