HANOI, VIETNAM, Oct. 23-Mr. Jannik Lindbaek, Executive Vice President of the International Finance Corporation (IFC) will lead a delegation to Vietnam from October 28 to November 2, 1996. This is Mr. Lindbaek's first official visit to Vietnam.
The purpose of the visit is to consult with government and industry leaders on IFC's activities in Vietnam. Mr. Lindbaek will address a press conference at the Hotel Metropole in Hanoi on Wednesday, October 30 at 10.30 a.m. when he will announce several new IFC initiatives.
IFC has expanded its activities in Vietnam in the past two years. To date, IFC has approved investments in 15 projects with a total cost of US$830 million in a wide variety of sectors, including hotels, ports, steel, cement, glass manufacturing, ceramics, agribusiness, and the financial sector.
Mr. Lindbaek will be accompanied by Mr. Peter Cook, Director, Asia; Mr. Harold Rosen, Manager, Southeast Asia; Mr. Rashad Kaldany, Manager, Asia Capital Markets; Mr. Mark Constantine, Manager, Corporate Relations; and Ms. Suellen Lazarus, Special Assistant to Mr. Lindbaek. Mr. Darius Lilaoonwala, Chief of IFC's Regional Mission in Bangkok will also join the delegation.
IFC is a member of the World Bank Group and is the largest multilateral source of equity and loan financing for private sector projects in developing countries.
