Housing and Urban Development Group (HUD) has just signed an agreement with Viet Phuong Investment Group to invest in an urban area near That Luong Lake in Saysettha District, in the Lao Capital City of Vientiane.
Earlier, the Vientiane Mayor had entrusted the Viet Phuong Company with the construction of a town on an area of 100 ha in the City.
HUD President Nguyen Hiep said that under the Group’s strategy for 2015, it will boost its investment in property, housing and urban projects not only at home but also in other regional countries, especially neighbouring ones, which share common cultural characteristics and have friendly ties with Vietnam.
At this point, several of its member companies are in some regional countries like Laos, Cambodia and Myanmar to survey the markets and seek investment opportunities, said the Group’s President.
Translated by Thu Nguyen