Phase one of the Vientiane-Long Thanh golf course project with 18 holes was inaugurated in Vientiane on November 3 to celebrate the Vietnam-Laos, Laos-Vietnam Solidarity and Friendship Year and the 9th Asia-Europe Meeting.
Invested by the Vientiane KN Group, the 36-hole golf course is part of the Vientiane-Long Thanh special economic zone covering an area of 557.74 ha with a total investment of $1 billion.
Besides the golf course, the zone includes a five-star hotel, a school and an international hospital, a luxury resort, a trade centre, sports facilities and an urban area with over 2,000 villas.
The zone is expected to be completed in 2020, generating over 3,000 jobs for local people.
Addressing the inaugural ceremony, Lao Deputy Prime Minister Somsavad Lengsavad highly valued the Vientiane KN Group’s effort to complete the project on schedule, affirming this is a significant event in promoting bilateral cooperation and investment.
He said he hopes the group will accelerate the construction of the Vientiane-Long Thanh special economic zone, the first of its kind invested by Vietnam in Laos , and turn it into a model special economic zone.
Laos took this opportunity to present Le Van Kiem, chairman of the Board of Directors of the Long Thanh-Vientiane special economic zone, with the Development Order.