05:55 (GMT +7) - Wednesday 17/10/2018

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BIM & Toong to open first co-working space in Laos

Released at: 20:52, 28/02/2018

BIM & Toong to open first co-working space in Laos

Photo: Toong

Two sides partner to launch first premium co-working space in Vientiane in June.

by Hong Nhung

Vietnamese real estate developer the BIM Group and co-working space operator Toong have recently signed a strategic partnership agreement to jointly launch the first premium co-working space in the heart of the Lao capital of Vientiane, in June.

The BIM Group will be the developer and Toong the operator, responsible for consulting, developing and managing all daily business and other activities.

Called “Toong Royal Square”, the co-working space is located in the high-end Royal Square complex developed by the BIM Group. Covering an area of 10 ha, it comprises a Grade-A office block, a commercial center, serviced apartments, and a five-star hotel, Crowne Plaza, opened last April and the first international five-star hotel in Laos.

Co-working space is a completely new concept in the country. By launching a new co-working space in a high-end complex, the BIM Group and Toong will create a new standard in working style for the country’s entrepreneurial community.

Nestled in the heart of Vientiane, along Samsenthai Road and near Fa Ngum Park, which displays a famous statue of King Fa Ngum, Toong Royal Square offers members magnificent views of the Mekong River and is just ten minutes from Wattay International Airport. Members can also become part of the regional community of progressive creators, business leaders, and entrepreneurs.

With Toong Royal Square, expected to be opened in June, Toong solidifies its position as the first co-working space chain in Indochina.

“More than two years ago, when we opened the first Toong space in Hanoi, most people said it wouldn’t be suitable,” said Mr. Duong Do, Founder and CEO of Toong. “Co-working spaces are now developing strongly in Hanoi and Ho Chi Minh City. Laos is a new market and we see a lot of potential for the co-working space model. We aim to develop a space not only as a solution for a comfortable, economical workplace but also a living and creative working culture.”

The BIM Group and its partner, AC Energy, a member of the Philippines-based Ayala Group, last month held a breaking ground ceremony for the BIM 1 solar power plant in south-central Ninh Thuan province.

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