Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Laos

Vietnam’s Investment in Laos reaches $4.9 billion

The combined capital Vietnamese investors had channeled into Laos has hit $4.9 billion so far, the ministry said during the 2016 Vietnam-Laos investment cooperation meeting.

Avatar

Published

on

Vietnam’s investment in Laos has reached almost US$5 billion, the Vietnamese Ministry of Planning and Investment announced on Saturday, Tuoi Tre News reported.

The combined capital Vietnamese investors had channeled into Laos has hit $4.9 billion so far, the ministry said during the 2016 Vietnam-Laos investment cooperation meeting in the central city of Da Nang.

The gathering was a national-level event chaired by the Vietnamese and Lao governments and attended by leaders of ministries, authorities as well as businesses from the two nations.

According to the Vietnamese ministry, Laos tops the list of 68 countries and territories that have business operations in Vietnam.

Meanwhile, Vietnam ranks second among the nations investing in Laos, it added.Vietnamese enterprises have carried out many successful operations in Laos, contributing to the socio-economic development of the country and being praised and highly evaluated by the local government.

Businesses from Vietnam have been cooperating with Lao authorities to do community work in several of the country’s localities, including the construction of schools, infirmaries, houses and roads for the Laotian people, with financial support topping tens of millions of dollars.

Source: Vietnam’s investment in Laos hits nearly $5 billion – Thai PBS English News

0/5 (0 Reviews)
Comments

Laos

Minor Hotels launches Mekong Kingdoms luxury cruises

Cruising along the mighty Mekong River from Thailand’s Golden Triangle to the ancient Lao capital and now UNESCO World Heritage city of Luang Prabang

Boris Sullivan

Published

on

Minor Hotels is launching a selection of river cruises replete with the colonial romance of river travel but with a modern twist and bespoke itineraries. (more…)

0/5 (0 Reviews)
Continue Reading

Asean

Why Southeast Asia and ASEAN are a strategic problem

Avatar

Published

on

While it is true that ASEAN has been successful in giving a complex region a sense of identity and largely avoiding interstate conflict, it may well be that its use-by-date is coming. (more…)

0/5 (0 Reviews)
Continue Reading

Asean

Powering Investment in Laos

By the end of 2016, with US$5.4 billion worth of funding already in place, China was by far the largest overseas investor in Laos.

Avatar

Published

on

China and Laos jointly initiated work on the second phase of the 1,156-megawatt Nam Ou Cascade Hydropower Project earlier this year. The project, set on Laos’ principal river, is seen as one of the country’s key contributions to China’s Belt and Road Initiative.
(more…)

0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,335 other subscribers

Trending