FLC Group and Lao Petroleum Trade Company (PetroTrade) have signed a memorandum of understanding (MOU) for the cooperation in the development of Vientiane – Vung Ang railway project in Laos. 

FLC and PetroTrade will carry out necessary activities in support of the investment, construction, and development of the project, including section from Vung Ang, Ha Tinh to Cha Lo border gate, Quang Binh. The estimated investment value of the project is US$5 billion. 

The MoU aims to commence the construction process as soon as the fourth quarter of 2022. FLC group will be responsible for the 103-kilometer long section from the Cha Lo border to the seaport while PetroTrade will assume responsibility for Laos section of railway line.