The Thanh An Corporation (Army Corp 11 – Vietnam Ministry of Defence) and the Laos General Department of Logistics on June 4 signed a joint venture contract to establish the Laos – Vietnam Development Company.

Attending the signing ceremony were Major General Phuvong Vongphon, Vice chairman of the Laos General Department of Logistics; Major General Bui Quang Vinh, Commander of Army Corps 11 and senior officers of the two countries’ armies.

The new company will engage in civil and industrial construction and other infrastructure projects; agricultural production and farm produce processing.

The Laos-Vietnam Development Company is the successor of the Laos-Vietnam Joint Venture ACSCO, which was established since 1993. Through its 18-year history, ACSCO cooperated with the Laos’ army and people in constructing many significant projects such as the Xiang Khouang Hospital 101, Nam Hum military school, the meeting hall of the General Department of Logistics, the Hospital 103, the Lao Ministry of Defence’ guest house and especial the Hat Sieu national defence and economic zone./.