Vietnam Has Become The Largest Investor In Laos

According to Laos Investment Promotion Bureau, 2000-2010 years, Vietnam? Invest in 252 projects and US $2 billion 770 million to become the largest investor in Laos. One of Vietnam's big projects in Laos is a golf course development project with a total investment of 1 billion dollars. Laos Investment The head of the Promotion Bureau said Vietnam began to invest more than China and Thailand from the end of last year. The latest investment project approved by the Laos government is a gold mining contract signed with Dali in Vietnam in May 31st.

In recent years, Vietnam has taken part in many mineral and hydropower development projects in Laos, making investment in the country rapidly increasing. The most concentrated investment is in the industrial sector. There are 77 projects and 1 billion 50 million US dollars, followed by agriculture and forestry, with 44 projects and 427 million 200 thousand dollars; there are 22 projects in the field of services, 44 million 900 thousand US dollars. At present, Vietnam has 46 mineral development projects in Laos, with a total investment of US $118 million, with an average investment of US $2 million 500 thousand per project. Most of these projects have been put into operation. In addition, the investment of Laos in the field of electric power production amounted to US $856 million 700 thousand.

In the field of trade, the two countries signed Trade After the agreement is reached, the two sides will strive to achieve bilateral trade volume of US $2 billion in 2015 and US $5 billion in 2020.