Vietnam and Laos signed a gold exploration contract in Vientiane on March 15.
The contract was signed by Lao Deputy Minister of Planning and Investment Bounthavi Sisouphanthong and representative of Global South Joint Stock company Cu Thanh Tien.
The gold exploration will be carried out in an area of 24 square kilometres in Xangthong district, Vientiane city.
At the signing ceremony, Tien said his company will do its best to protect the environment and recruit local people to work on the project.
To mark the occasion, the mining company donated US$40,000 to build five charity houses for Lao war veterans.