Lao, Vietnamese firms sign US$30 million real estate and smart farm deals

The ceremony saw the participation of Vietnamese Ambassador to Laos Nguyen Minh Tam, Senior Colonel Huynh Tan Hanh, head of the representative office of the Ministry of Public Security of Vietnam in Laos, former Politburo member and former Chairman of the Lao Front for National Construction Central Committee Sinlavong Khoutphaythoune, alongside former Lao Deputy Minister of Industry and Commerce Somchit Inthamith, senior officials from both nations, and business representatives.

Addressing the event, Anousack Keochaleun, Chairman of Supchaleun Group, expressed satisfaction in selecting Viet Nga Group as the main contractor overseeing all construction projects for his group.

Emphasizing the importance of the two key 2026 developments-a luxury residential and commercial complex and a Smart Farm, he voiced full confidence in Viet Nga Group's technical expertise, commitment, and skilled workforce.

He noted that the partnership reflects close ties between the two business communities while expressing confidence that the projects will enhance urban infrastructure and high-tech agriculture in Laos.

Viet Nga Group Chairman Nguyen Quoc Viet said that the agreement marks a key milestone, with his company officially entrusted to monitor every phase from project planning and design to construction and completion.

In 2026, the two companies will directly coordinate to carry out two major projects: a 15-story twin-tower residential and commercial complex valued at over US$20 million, and a 94-hectare Smart Farm with a first-phase investment exceeding US$8 million.

Speaking on behalf of the main contractor, Nguyen Quoc Viet pledged strict adherence to Lao laws, adding that his company will deploy top personnel and advanced building techniques to complete the projects ahead of schedule with the highest quality standards. He emphasized that the success of these projects will advance bilateral economic goals while strengthening the traditional friendship and strategic cohesion between Vietnam and Laos.

The MOA signing between Supchaleun Group and Viet Nga Group opens practical cooperation opportunities in real estate development and smart agriculture, and also highlights the broader potential for Vietnamese and Lao enterprises to collaborate in high-tech farming and green economic models. This paves the way for concrete investment projects, enhances production and business efficiency, strengthens links between the two business communities, and deepens the great friendship, special solidarity, comprehensive cooperation, and strategic partnership between Vietnam and Laos.

The Supchaleun Central Tower project, occupying 4,600 square meters in Vientiane, features two connected 15-story towers integrating shophouses, offices, dining outlets, outdoor cafes, EV charging stations, wellness facilities, and high-end apartments. Requiring an investment of  more than US$21.2 million with a 2.5-year construction timeline, the complex is projected to generate roughly US$25 million in revenue after five years of operation.

Meanwhile, the US$8 million Smart Farm project integrates high-tech agriculture, eco-tourism, and circular economy practices across 94 hectares. The facility will feature production workshops, 3,000 aquaculture ponds, and 40 hectares of fruit trees powered by solar energy and high-tech water filtration.

Its catfish farming system is expected to supply 1 to 2 tonnes of commercial fish daily to the Vientiane market, while the coconut farming zone will connect directly with a deep-processing facility and re-use organic waste to manufacture bio-fertilizers. This closed-loop model aims to reduce costs, raise crop value, protect the environment, and deliver an average net annual profit of nearly US$930,000.

Vietnam, Laos eye to boost strategic agricultural cooperation

An agricultural investment promotion conference was held in Vientiane on October 22 to translate Vietnam-Laos economic, trade and investment cooperation goals into concrete action, following Vietnamese Prime Minister Le Minh Hung’s official visit to Laos.

Turning high-level commitments into practical benefits for Vietnamese and Lao people

VOV.VN -Vilay Lakhamphong, Politburo member and Permanent Member of the Secretariat of the Lao People's Revolutionary Party (LPRP) Central Committee, led a high-ranking Lao delegation on an official visit to Vietnam from October 14 to 16, 2026 at the invitation of Tran Cam Tu, Politburo member and Permanent Member of the Secretariat of the Communist Party of Vietnam (CPV) Central Committee.