13/04/2015 09:36 GMT+7 Email Print Like 0

Work starts on Vietnamese-invested complex in Vientiane

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

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

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 80 million-USD Nongtha Paradise Land project under the Vietnamese Ha Do Group, the 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.