Vietnamese investors get licences for Laos projects

Five Vietnamese projects in Laos worth a total US$4.328 million received licences in the first two months of this year, the Foreign Investment Agency under the Ministry of Planning and Investment said.

This brought the total number of Vietnamese invested projects in Laos to 197 with total registered capital of more than $3.3 billion. With this figure, Laos continued to be a leading investment destination of choice by Vietnamese businesses.

Projects in Laos helped to generate jobs for 10,000 Vietnamese and local workers, contributing to the socio-economic development of Laos in general and host localities in particular.

Foreign Investment Agency head Do Nhat Hoang said Laos, along with Cambodia, had strategic importance to Viet Nam in both economic and national defence terms. — VNS

Tags: invest in Vietnam, Vietnam investment

Posted by VBN on Mar 7 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