The projects, to be implemented in 2026, are the Supchaleun Central Tower complex and a smart farm, aiming to promote cooperation in urban development and high-tech agriculture between the two countries.
The signing ceremony was attended by Vietnamese Ambassador to Laos Nguyen Minh Tam, representatives of Lao authorities, Vietnamese agencies in Laos, business associations and enterprises from both countries.
    |
 |
|
Representatives from the Lao-based Supchaleun Group and Viet Nam’s Viet Nga Group at the signing ceremony of the memorandum of agreement (MOA) in Vientiane |
Supchaleun Group Chairman Anousack Keochaleun expressed confidence in the Viet Nga Group’s capacity and professionalism, saying its selection as the general contractor reflects the close strategic ties between the business communities of Viet Nam and Laos. He expected the projects to contribute to Laos’ urban infrastructure and high-tech agricultural development.
Viet Nga Group Chairman Nguyen Quoc Viet said his company will oversee the projects from planning and design to construction and completion. He pledged to comply with Lao laws and regulations and mobilize skilled personnel and modern construction technologies to ensure high quality and timely delivery.
The Supchaleun Central Tower project will cover 4,600 sq.m in Vientiane and comprise two connected 15-storey buildings. The complex will combine apartments and commercial facilities, including shop houses, offices, restaurants, outdoor cafes, electric vehicle charging stations, and yoga, gym and sauna services.
With investment of more than USD 21.2 million, the project is expected to take 2.5 years to complete. It is projected to generate about USD 25 million in revenue within five years of operation.
Meanwhile, the first phase of the Smart Farm project will receive more than USD 8 million in investment and cover 94 hectares. It will combine high-tech farming, ecotourism and a circular economy model, with workshops, 3,000 ponds for shrimp and fish farming, and 40 hectares of fruit trees. The farm will use advanced water filtration systems and solar power.
A catfish farming system is expected to supply one to two tons of market-ready fish to Vientiane each day. The project also plans to develop a 40-hectare coconut-growing area linked to a processing plant. Fishery by-products and organic sludge will be reused to produce biofertilizer, helping reduce waste, cut costs and increase agricultural value.
The project is expected to generate average annual net profit of nearly USD 930,000.
The two projects are expected to create new business opportunities in property development and smart agriculture while strengthening economic links and traditional friendship between Viet Nam and Laos.
Source: VNA