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

Photo: VNA

This project aims to implement an agreement on exchanging public land use rights signed between the Overseas Vietnamese Association in Vientiane and Laos’ Ministry of Industry and Trade.

Speaking at the groundbreaking ceremony, Chairman of the Overseas Vietnamese Association in Vientiane Le Van Mui said the five-floor 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.

According to Mr. Mui, 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.

At the event, Deputy Minister of Industry and Trade of Laos 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 favorable conditions for and bringing benefits to each side, and clearly reflecting the special friendship and solidarity between Laos and Vietnam.

Previously, the Ministry of Industry and Trade of Laos 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./.