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2009-0630 - VNA - Vietnam’s investment in Laos increases 10-fold

http://www.thanhniennews.com/business/?catid=2&newsid=50286



Thanh Nien News | Business | Vietnam’s investment in Laos increases 10-fold

Vietnam’s investment in Laos increases 10-fold

The Lao Bao checkpoint on the border of Vietnam and Laos in Vietnam's Quang Tri Province
Vietnam was one of the biggest foreign investors in Laos during the 2008-2009 fiscal year, Vietnamese Ambassador to Laos, Ta Minh Chau, said at a meeting in Hanoi Monday.

Vietnamese investors were licensed for 15 projects worth US$1.2 billion in the first half of this year, the diplomat said.

The figure had risen 10-fold from $120 million in the last year according to 2007-2008 fiscal year figures from the Laos Ministry of Planning and Investment – with Vietnam’s 21 projects in Laos making it the top foreign investor followed by China, Thailand and South Korea.

Over 60 Vietnamese investors in Laos attended the meeting and proposed that a Vietnamese Business Club be set up in the country and it also be a member of the Vietnam-Laos-Cambodia Association for Economic Cooperation and Development.

Reported by Huong Giang

Story from Thanh Nien News
Published: 30 June, 2009, 11:06:33 (GMT+7)
Copyright Thanh Nien News

______________
Dr. Justin McDaniel
Dept. of Religious Studies
3046 INTN
University of California, Riverside
Riverside, CA 92521
951-827-4530
justinm at ucr.edu