Thursday, August 17, 2017 - 9:12:35

Work starts on Vietnamese-invested complex in Vientiane

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Construction on the Nongtha Complex funded by the Laos-Viet Bank (LVB) began in the Lao capital city of Vientiane on April 12.

Covering 4 hectares, the project has a total first-phase investment of 15 million USD.

The complex, designed in a harmonious combination of Lao and Vietnamese architectures, will comprise office zones, training centres, houses and apartments for the bank’s staff.

Part of the 80 million-USD Nongtha Paradise Land project under the Vietnamese Ha Do Group, t he infrastructure is expected to be completed after 10 months of construction.

The LVB, founded on June 22, 1999, is a joint venture between the Bank for Investment and Development of Vietnam (BIDV) and its Lao partners. It is the second largest bank in Laos in terms of capital.-VNA
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