Vietnam pours 1.28 billion USD in investment in Laos

Vietnam currently ranks third among 30 foreign investors in Laos with 117 projects capitalised at 1.28 billion USD.

The figures were revealed at a conference reviewing Vietnam-Laos investment cooperation, co-chaired by Lao Minister of Planning and Industry Soulivong Dalavong and his Vietnamese counterpart Vo Hong Phuc, in Vientiane , on August 12.

Vietnamese investors’ capital commitment to projects in Laos have increased rapidly, from 55 million USD in 2006 to 600 million USD in 2007.

In the year’s first seven months, Vietnamese businesses pledged 240 million USD in investment in Laos.

Minister Soulivong said the Laos Government encourages Vietnamese investors to invest in energy and mining.

The Lao Ministry of Planning and Investment is ready to aid those who want to do business in Laos, he said.

VNA

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