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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.

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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

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China

Can the China–Laos railway keep on track?

In the long run, the line through Laos will have to connect with the Nong Khai–Bangkok line in Thailand to make economic sense. But this could prove a challenge.

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Of all the railway projects that Chinese companies are constructing in Southeast Asia, the China–Laos railway has proceeded most rapidly.

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Cambodia

Thailand pushes CLMVT as the “New Value Chain Hub of Asia”

The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand

National News Bureau of Thailand

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BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.

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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

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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…)

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