Business | Lao Tribune

Category Business

2019 Global Entrepreneurship Summit Launch Event

The United States of America and the Kingdom of the Netherlands will co-host the Global Entrepreneurship Summit (GES) launch, and celebrate Global Entrepreneurship Week, on November 15 at the Alexander Hamilton U.S. Custom House in New York City.Featur...Read More

“ARATA Garden Residences” Launches Japanese ...

(KPL) The community housing project ARATA Garden Residences, on the back side of LAO ITECC and next to That Luang Lake of Xaysettha district, will start its construction in early 2019 and is expected to be completed by the end of the first quarter of 2021.

ARATA is Creed's first project in Laos as a joint venture with the Singaporean corporation Aanandi Group Co., Ltd.

ARATA means New in Japanese and "Mai" in Lao and it brings a new concept of properly managed community living to Laos in response to changing lifestyle in the Lao PDR, said Mr Toshihiko Muneyoshi, Director of Creed Group at the lunch vent of the ARATA Garden Residences in Vientiane on Nov 10, 2018.

ARATA Garden Residence comprises more than 108 units in total, and provides various selections of house types available from shop houses, link villas and single villas. It also offers varieties of facilities such as community swimming pool, kid pool, playground, mini mart, gym, and 24hr security services. The proposal for this project is affordable and convenient living without sacrificing quality and utility, said Mr Toshihiko Muneyoshi.

We actually share this vision and see this city being a big new city not only in Laos, but in the region and we know that city will keep growing, said Mr Toshihiko.

Cities around the world are changing and people no longer want to spend half of their day in traffic. Urban planners, as well as consumers are looking at ways around this.

ARATA is located at Ban Muangnoi, Xaysetha district, Vientiane, which is one of the fastest growing areas in terms of land price and population. It is about 4 km from Lao ITECC, and close to Bazaar-B Cash & Carry wholesale market, Lane Xang Sports Complex and other potential places.

Aanandi and Creed have started cooperating with one another for ARATA Xaysetha. Aanandi Group with its headquarter in Singapore have an ongoing project in Lao Aanandi Riverview Project which started construction in Feb of 2018 and will be completed in late 2019, Mrs Soumieng Deajpanyanan, Director of the Aanandi Group. Creed and Aanandi Group are bringing the Japanese way of managing construction quality and landscape design into Laos.

Creed Group is a Japanese real estate firm with more than 20 years of experience in mature real estate market in Japan, and has been investing in the growing real estate markets in Cambodia, Malaysia, Vietnam, Myanmar, Bangladesh and Laos since 2009.

Source: Lao News Agency

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Runoff From Railway Project Pollutes River in Lao Tourist Destination

The Lao-Chinese railway project has released polluted water from construction work into the Xong River in Vientiane province's Vang Vieng district, one of the most popular destinations in the country for tourists, an local resident and an environmental...Read More

Angola National Day

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Hundreds Take Part In Final Rehearsal For Viengxay’s 50th ...

(KPL) Over 600 students have taken part in the final rehearsal for the grand opening ceremony of the celebration of Viengxay's 50th Anniversary as the revolutionary stronghold of Lao people.The rehearsal was held at the main square of Viengxay district...Read More