Vietnam’s Long Thanh Golf Trading and Investment Co. began construction of a US$1-billion golf course and real estate project in Vientiane on Jan. 3, making it the largest foreign-invested venture in Laos.
|The groundbreaking ceremony for the golf course and real estate project|
Covering an area of 557.4 ha, the project will feature an 18-hole golf course, a five-star hotel, high-grade villas, a resort and school and hospital facilities.
The project is expected to become operational after 12 years of construction.
Lao Deputy Prime Minister Somsavat Lengsavad said at the groundbreaking ceremony that the project reflects the special friendship between Laos and Vietnam .
He said the Lao government will create favorable conditions for the Long Thanh company to carry out the project on schedule.