Lao newspaper highlights Vietnam’s investment

Since 1989, Vietnam’s investments in Laos have contributed to the remarkable growth of the Lao economy.

From 1993 to August 2011, Vietnam invested in more than 420 projects worth US$3.570 million in total of which Laos made up 6.6 percent. Vietnam’s investments are focused on banking, telecommunications, insurance, mineral exploration and reforestation.

Vientiane took the lead in attracting Vietnam’s projects with nearly US$1,900 million, followed by Xekong (US$350 million) and Champasak (US$248 million). From October to September 2011, Vietnam has had 50 investment project capitalized at US$246 million.

Vietnam plans to further support Laos in promoting training and education, generating jobs and reducing poverty. – VOV

Tags: invest in Vietnam, Vietnam FDI, Vietnam investment, Vietnam investment in Laos

Posted by VBN on Sep 15 2011. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry