[Tlc] L-Vietnam investments

[justinm at ucr.edu]

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justin



2008-0813 - VNA - Vietnam pours $1.28 billion in investment into Laos

http://www.thanhniennews.com/business/?catid=2&newsid=41101

Last Updated: Wednesday, August 13, 2008 12:14:43 Vietnam (GMT+07)

Vietnam pours $1.28 billion in investment into Laos

Vietnam currently ranks third among 30 nations investing in Laos with 117 projects being financed at a cost of US$1.28 billion.

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

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

In the first seven months of the year, Vietnamese businesses pledged $240 million in investment in Laos.

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

Source: VNA

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Dr. Justin McDaniel
Dept. of Religious Studies
3046 INTN
University of California, Riverside
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justinm at ucr.edu