On the morning of February 28, 2024, Phongsubthavy Group (Lao People's Democratic Republic) had a meeting and working session at Construction Corporation No. 1 - Joint Stock Company (CC1) at the Corporation's Headquarters with many important contents.
Attending the meeting, on CC1's side were Mr. Nguyen Van Huan - Chairman of the Board of Directors; Mr. Phan Van Chinh - Vice Chairman of the Board of Directors; Mr. Dinh Van Hung - Deputy General Director; Mr. Nguyen Viet Hung - Deputy General Director and leaders and managers of relevant departments. On Phongsubthavy's side, there was the participation of Mr. Phongsavath Senaphuan - Chairman of the Group and colleagues from the Lao People's Democratic Republic.
Construction Corporation No. 1 - Joint Stock Company (CC1) is a long-standing, reputable and leading enterprise in Vietnam in the fields of industry, energy, civil, transportation and technical infrastructure. . With unremitting efforts, CC1 has engraved its name on thousands of projects spread across the country. Especially in 2022, CC1 won the bid for the project in the foreign market, Package No. 4 - National Highway 5 Upgrade Project in Cambodia. Southeast Asia is considered a potential market for CC1 in the near future.
Meanwhile, Phongsubthavy Group is one of Laos's largest private enterprises investing in the energy sector, with a project portfolio of up to 2,000 MW. Phongsubthavy currently owns 24% shares and is one of the major shareholders of EDL-Generation - an enterprise owned by Laos State Electricity (EDL).
In Vietnam, Mr. Phongsavath Senaphuan - Chairman of Phongsubthavy Group is one of the shareholders in Mekong Investment Holdings Company based in Hanoi. He once cooperated with EVN to export electricity from Laos to Vietnam and participated in building a pulp and paper processing factory worth nearly 22,000 billion VND in Binh Dinh province.
The meeting between CC1 and Phongsubthavy is considered an important event, marking a turning point in the bilateral relationship, providing practical support for cooperation, exploiting existing potential and maximizing it. strengths of both sides.
