VN’s investment in Laos reaches nearly US $3.5 billion

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Báo điện tử CP English - 25 month(s) ago 6 readings

VGP - By the end of March, Vietnamese enterprises had had 212 investment projects worth nearly US $3.5 billion in Laos, mostly in hydroelectricity, mining, agriculture and forestry.

According to Mr. Tran Bac Ha, Chairman of the Association of Vietnamese Investors in Laos (AVIL), Vietnamese investment in Laos has increased in both project number and capital in recent years.

In 2011, Vietnam had 15 investment projects worth nearly US$500 million licensed in Laos. Now, Vietnamese-invested projects are implemented in 16 out of 17 Lao provinces.

Vietnam is Laos’ second biggest foreign investor.

However, according to AVIL, one third of the licensed projects have seen slow implementation due to many reasons.

By Ngọc Vân

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