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TOPIC: Vietnam remains largest investor in Laos

Tobias G

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Date: Oct 28, 2009

Vietnam remains largest investor in Laos	Permalink

Updated : 10:33 AM, 10/28/2009 Vietnam continues topping the list of foreign investors in Laos for the second consecutive year with a total registered capital of US$1.4 billion. China ranks second with US$932 million, followed by Thailand and the Republic of Korea. According to the Lao Ministry of Planning and Investment, foreign direct investment (FDI) flows to Laos are expected to rapidly increase this year despite the global economic recession. In the first nine months of this year, the Lao government licensed 208 projects with a total registered capital of US$4.3 billion, up US$1.2 billion compared to the same period last year. The projects are focused on mining, hydropower, industrial tree planting and garment. The Lao government has applied a “one-stop-shop” mechanism for investment licensing, creating the most favourable conditions for both domestic and foreign investors. http://english.vovnews.vn/Home/Vietnam-remains-largest-investor-in-Laos/200910/109304.vov -- Edited by Tobias G on Wednesday 28th of October 2009 08:48:52 PM -- Edited by Tobias G on Wednesday 28th of October 2009 08:49:12 PM __________________

niya

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Date: Jan 12, 2010

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