Vietnam has topped a list of 2008’s biggest investors in Laos, implementing 146 projects with a total investment capital of 758 million USD, local newspaper reports.
The country took first place, followed by China and Thailand , the Socio-Economic newspaper reported on Jan. 14. Vietnam’s projects in Laos are predominantly in the fields of mining, agriculture and forestry product processing, and hydro-power plant construction in Southern Laos.
The newspaper quoted Lao authorities as speaking highly of these Vietnamese-funded projects, that not only help Laos to reduce poverty but also give an impetus to carry out socio-economic development programmes in Laos.
Lao authorities are calling on Vietnamese businesses to increase their investment in Northern Laos, particularly in the five provinces of Phongsaly, Siengkhuang, Luang Prabang, Oudomxay and Huaphanh.
Resource: Vietnam+
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Monday, February 2, 2009
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