From February 26-28, 2023, Mr. Ho Minh Hoang - Chairman of the Board of Management of Deo Ca Group and his delegation had visited and worked with Petroleum Trading Lao Group (PTL), in Vientiane Capital, Lao People's Democratic Republic. This is a working trip to promote cooperation scope that the two sides worked out at the previous meeting in Hanoi.
Ký kết thoả thuận liên danh thực hiện dự án đường sắt Việt - Lào
According to the agreement, Mr. Ho Minh Hoang and Mr. Chanthone Sitthixay - Chairman of PTL Holding agreed to study the investment in Vietnam - Laos railway. Through the meeting, PTL Holding also expressed interest in joining Deo Ca to invest in some projects in the South of Vietnam and invited Deo Ca to study a number of transport projects in Laos.
Mr. Chanthone Sitthixay said: “The desire of the Lao government is to have a cooperation with Vietnamese businesses. PTL is interested in traffic works associated with the sea to develop logictics and other services. Vietnam's Vung Ang is the closest seaport to Vientiane”. Leaders of PTL Holding highly appreciate the successes Deo Ca has made in Vietnam and place great faith in the success of the cooperation between DCG and PTL.
The railway route from Vientiane (Laos) to Vung Ang (Vietnam) has a total length of 554.7 km, stretching across the two countries of Laos and Vietnam. The project has a scale of 2 rails with a gauge of 1,435mm, a speed of 150km/h, a total investment of about 149,550 billion VND implemented by the PPP method.
This railway line runs from Vientiane to Vung Ang port, connect with the Laos - China railway. Vietnam's Vung Ang port plays an important role in promoting economic activities of the two countries through trade exchange and maritime transport, towards the Northeast markets of Thailand, China, Korea and Japan.
Leaders of 2 businesses exchange cooperation contents
Particularly, the section of Mu Gia - Vung Ang port is also proposed to be invested by PPP method with a total length of about 103 km, including 8 stations (1 main station, 7 intermediate stations) with a total investment of about 27,485 billion VND.
To realize the agreement between the two businesses, Mr. Ho Minh Hoang said: “After the signing ceremony, we will soon have a joint announcement about this cooperation. PTL Holding will report to the Lao Government and Deo Ca will also report to the Vietnamese Government”.
Deo Ca Group's delegation also visited the Logistic Park project. This is a prominent project of PTL Holding Group, established under the PPP program between Sitthi Logistics Company (a subsidiary of PTL Holding Group) and the Lao Government.
Visiting Logistics Park
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