Vietnamese association in Vientiane helps Laos build SMEs promotion department’s building

At the event (Photo: VNA)

Vientiane (VNA) – Construction of a building of the small and medium-sized enterprise promotion department in the campus of the Lao Ministry of Industry and Trade, funded by the Vietnamese Association in Vientiane capital, commenced on December 22.

This is a project to implement an agreement on exchanging public land use rights signed between the association and the Lao Ministry of Industry and Trade.

Speaking at the groundbreaking ceremony, Chairman of the Vietnamese Association in Vientiane Le Van Mui said the five-storey project has a total investment of 1.1 million USD.

Covering an area of 2,500 sq.m, the building is designed to meet the working demand of more than 200 people. The project is expected to be completed after 18 months.

Once operational, the building will contribute to enhancing the professional efficiency of the department in particular and the Lao Ministry of Industry and Trade in general in the future, Mui said.

Lao Deputy Minister of Industry and Trade Bountheung Duangsavanh highlighted the significance of the project, affirming that the exchange of public land use rights between the association and the ministry is in line with the real situation, contributing to creating favourable conditions for and bringing benefits to each side, and clearly reflecting the special friendship and solidarity between Laos and Vietnam.

Previously, the Lao Ministry of Industry and Trade handed over the land use rights of the department’s old building in Vientiane in order to construct a memorial area dedicated to Lao and Vietnamese leaders and heroic martyrs of the two countries who died in wartime./.