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.
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