Golf developer invests 1 bln USD in Laos

The Lao Ministry of Planning and Investment signed an agreement with Vietnam-based company Long Thanh on Dec 26, permitting it to invest one billion USD in a recreation development project in Laos .

The project, which includes a golf course, a five-star hotel and luxury villas, will cover 557 hectares in the Lao capital of Vientiane, with a business period of 50 years and another 25 years at the investor’s discretion.

The ministry handed the project’s licence to the company’s representative at the signing ceremony, which was attended by several officials from the two countries.

Long Thanh Golf Investment and Trading Joint Stock Co., operates in the golf and hotel industries with a golf club and several golf courses in southern Vietnam.

vna

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