The Ha Do Group in Vietnam will invest 250 million USD to help develop a new urban area in the Chanthabouly district of Vientiane, the capital city of Laos.

The project was signed by the Director of Vientiane’s Department of Planning and Investment, Visay Savanna and the Chairman of the Ha Do Group, Nguyen Trong Thong, in the witness of Vientiane’s Mayor Sombath Yialiher and Vietnam’s Ambassador to Laos Ta Minh Chau.

Under the project, the Ha Do Group will help to improve the local infrastructure, build houses and protect the environment in the urban area.

Addressing the signing ceremony, Sombath Yialiher said that the project is one of 13 being carried out in Vientiane to celebrate the capital city’s 450 th anniversary.

The Ha Do Group will modernise the area, which will help with Vientiane’s socio-economic and housing development, create higher incomes and generate more jobs for local people, said Thong./.