The three-phase project costs 175.6 billion VND (7.59 million USD), of which 158 billion VND is sourced from the Vietnamese Government’s non-refundable aid and the remainder is funded by Laos.

At the groundbreaking ceremony.

Spanning over 155,000 square metres, the project includes buildings for study, research, physical training, and dormitory, among other facilities.

Speaking at the groundbreaking ceremony, Vietnamese Minister of Finance Dinh Tien Dung said the construction of the academy is part of an agreement on bilateral cooperation between the Vietnamese and Lao Governments for 2016 – 2020.

He said once its third phase is completed, the academy will ensure infrastructure facilities to train 4,000 students and over 300 financial personnel, while its dormitory can provide accommodations for 1,000 students and 100 financial staff.

It will help Laos build its high-quality workforce meeting requirements of the modern age for national development and integration, he added.

On behalf of the Lao Government and people, Lao Deputy Prime Minister and Minister of Finance Somdee Duangdee thanked the Vietnamese Government, people, and Ministry of Finance for their valuable assistance in the past time.

He lauded the importance of the project, saying it is a key collaboration activity between the two finance ministries in the coming period.

Vietnam pledges support for Singaporean investments

The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

Tan Yen draws investment to timely support enterprises

(BGO) – Tan Yen district (Bac Giang province) has recently attracted 12 – 15 investors and projects on average that greatly contributes to the local economic growth. To gain that achievement, the district has applied many new methods and facilitated the investors. 

Support ethnic people develop community tourism

(BGO) – The Ethnic Board in the northern province of Bac Giang has implemented the project to support 15 ethnic households in Na O village, An Lac commune (Son Dong district) to buy equipment to develop local community tourism.

Bac Giang forest planters receive rice support

Prime Minister Nguyen Xuan Phuc has decided to support households from ethnic minority groups and poor locals in the northern province of Bac Giang in planting and taking care of forest in the 2019-2023 period.

Source: VNA