Invested by the Vientiane KN Group,the 36-hole golf course is part of the Vientiane-Long Thanh specialeconomic zone covering an area of 557.74 ha with a total investment of 1billion USD.
Besides the golf course, thezone includes a five-star hotel, a school and an international hospital,a luxury resort, a trade centre, sports facilities and an urban areawith over 2,000 villas.
The zone is expected to be completed in 2020, generating over 3,000 jobs for local people.
Addressing the inaugural ceremony, Lao Deputy Prime Minister Somsavad Lengsavad highly valued the Vientiane KN Group’s effort to complete the project on schedule, affirming this is a significant event in promoting bilateral cooperation and investment.
He said he hopes the group willaccelerate the construction of the Vientiane-Long Thanh specialeconomic zone, the first of its kind invested by Vietnam in Laos, and turn it into a model special economic zone.
Laostook this opportunity to present Le Van Kiem, chairman of the Board ofDirectors of the Long Thanh-Vientiane special economic zone, with theDevelopment Order./.VNA
Reform of state-owned enterprises seen as key driver of economic growth
Effective implementation of Resolution 79 is expected to help SOEs enhance performance, improve employee incomes and contribute more sustainably to economic growth.