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Vietnamese company builds trade centre in Laos

The Lao franchise of the Vietnamese An Phu joint stock company broke ground for the construction of a commercial centre in Vientiane on October 12 in the presence of Lao Permanent Deputy Prime Minister Somsavad Lengsavad.
The Lao franchise of the Vietnamese An Phu joint stock company brokeground for the construction of a commercial centre in Vientiane onOctober 12 in the presence of Lao Permanent Deputy Prime MinisterSomsavad Lengsavad.

The That Luong complex has beendesigned with a seven-storey and two-basement shopping centre, asix-storey and two-basement block of buildings reserved for offices andapartments for rent, and tree and entertainment parks.

The 58.68 million USD project is scheduled to be completed in December, 2012.

Vientiane Mayor Sombath Yialiheu said at the ground-breaking ceremonythat the project has helped boost relations between Laos and Vietnam.

Vietnamese Ambassador Ta Minh Chau emphasised that the project hasillustrated Vietnamese enterprises’ increasing interest in investment inLaos and economic relations between the two countries have been faringwell.

The Bank for Investment and Development ofVietnam (BIDV) representative took this opportunity to present Vientianewith a check for 100,000 USD to help celebrate its 450 th foundinganniversary./.

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