Vietnamese businessman invests in Lao football

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VietnamNet English - 39 month(s) ago 10 readings

Vietnamese businessman invests in Lao football

VietNamNet Bridge – Vietnam’s Hoang Anh Gia Lai (HAGL) Group will join the Lao government to organize the Laos League.




HAGL Group's Chair Doan Nguyen Duc (white).

The project to hold Laos League – the national professional football championship – is being designed by the Lao Football Federation. The Vietnamese group will contribute capital to this project and participate in the league with a HAGL-funded FC in Laos.

HAGL’s Chair Doan Nguyen Duc, who owns the HAGL FC in Vietnam, said Laos does not have a national football championship while the local government and people want to have such an event.

He said HAGL will not only contribute capital but its 10-year experience with football business to implement the Laos League project.

Duc said this project is at the beginning step so HAGL’s investment is not fixed yet but the figure would be in millions of US dollars.

In Vietnam, Duc invests nearly VND100 billion ($5 million) in the HAGL FC a year.

Recently, HAGL has stated to spend around $1 billion in forest and rubber growing, airport, sugar, hospital and school projects in Laos’ poorest province of Attapeu.

PV

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