Vietnam helps to develop new urban area in Laos

The Ha Do Group in Vietnam will invest US$250 million to help develop a new urban area in the Chanthabouly district of Vientiane, the capital city of Laos.

The project was signed by the Director of Vientiane’s Department of Planning and Investment, Visay Savanna and the Chairman of the Ha Do Group, Nguyen Trong Thong, in the witness of Vientiane’s Mayor Sombath Yialiher and Vietnamese Ambassador to Laos Ta Minh Chau.

Under the project, the Ha Do Group will help improve the local infrastructure, build houses and protect the environment in the urban area.

Addressing the signing ceremony, Sombath Yialiher said that the project is one of 13 being carried out in Vientiane to celebrate the capital city’s 450th anniversary.

The Ha Do Group will modernize the area, which will help with Vientiane’s socio-economic and housing development, create higher incomes and generate more jobs for local people, said Thong.

vov

>   Yen’s up, dong’s down – can Vietnam boost exports to Japan? (03/09/2010)

>   Inflation on the backfoot (03/09/2010)

>   Foreign dairy products shoot up amid locals hold prices (01/09/2010)

>   Exports top US$44.5 bn in eight months (01/09/2010)

>   Russia a prime market for seafood exports (01/09/2010)

>   Vietnam 2010 GDP to grow 6.7 pct, beating target: Gov’t (01/09/2010)

>   Feasibility studies begin on inter-city express rail links (01/09/2010)

>   EVN challenges logic of developing steel exports (01/09/2010)

>   Credit for salt makers (01/09/2010)

>   Experts discuss economic restructuring (01/09/2010)