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.

Published

5 years ago

March 28, 2016

Nguyen Trang

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

Laos

China’s debt-trap diplomacy: Laos’ credit rating downgraded to CCC

Laos’ debt challenge is deeply concerning, with some media commentators suggesting the country is falling into a debt trap as a result of Chinese infrastructure investments connected to the Belt and Road Initiative (BRI)

Published

3 months ago

November 2, 2020

Boris Sullivan

On 23 September, the Fitch Ratings agency downgraded Laos’ credit rating to CCC — the second downgrade in 2020, having dropped to B- in May.

(more…)

Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Published

8 months ago

May 25, 2020

Bui Dung

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

(more…)

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.