Work starts on Vietnam-invested complex in Vientiane

09:02 | 13/04/2015 Economy

Construction on the Nongtha Complex funded by the Laos-Viet Bank (LVB) began in the Lao capital city of Vientiane on April 12.

Work starts on Vietnam-invested complex in Vientiane

Covering 4 hectares, the project has a total first-phase investment of US$15 million. 

The complex, designed in a harmonious combination of Lao and Vietnamese architectures, will comprise office zones, training centres, houses and apartments for the bank’s staff.

Part of the US$80 million Nongtha Paradise Land project under the Vietnamese Ha Do Group, t he infrastructure is expected to be completed after 10 months of construction. 

The LVB, founded on June 22, 1999, is a joint venture between the Bank for Investment and Development of Vietnam (BIDV) and its Lao partners. It is the second largest bank in Laos in terms of capital.

Source VOV News