Wed, 28 January 2015  12:02:20
Military Build
09 Jun, 2011 22:50:37
Laos, Vietnam military starts construction firm
VIETIANE, June 9 (Asia Pulse) - The Laos and Vietnamese armies have signed a deal to establish a joint venture construction firm, further boosting economic cooperation between the militaries of the two Southeast Asian states.

Vietnam's Thanh An Corporation, owned and run by Army Corp 11 in Vietnam Ministry of Defense, and the Laos General Department of Logistics signed a JV contract to establish the Laos Vietnam Development Company.

Attending the signing ceremony were Lao Major General Phuvong Vongphon, vice chairman of the Laos General Department of Logistics and Vietnamese Major General Bui Quang Vinh, Commander of Army Corps 11 and senior officers from the two countries' armies.

The new company will engage in civil and industrial infrastructure projects, agricultural production, and farm produce processing.

The Laos-Vietnam Development Company is the successor of the Laos-Vietnam JV ACSCO, which was established since 1993.

Through its 18-year history, ACSCO worked with Laos army on many military projects including the Xiang Khouang Hospital 101, Nam Hum military school, the meeting hall of the General Department of Logistics, Hospital 103, the Lao Ministry of Defense guest house and the Hat Sieu special national defense and economic zone (KPL-OANA) ms
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