Vietnam ranks largest investor in Laos

February 16, 2013

The Ministry of Planning and Investment has reported that, between 1989 and 2012, Vietnam was the largest foreign investor in Laos.

Since the Lao Government adopted a foreign investment promotion policy in 1989, Vietnamese investors have invested USD 4.9 billion in 429 projects.

The second and third largest investors for the period were Thailand (4 billion USD) and China (3.9 billion USD).

Meanwhile the Republic of Korea with a total investment value of US$748 million, France (US$490 million), Malaysia (US$430 million), Japan (US$428 million), the US (US$150 million), Singapore (US$134 million), and India (US$61 million) were among top ten largest investors in Laos.

The most popular fields for foreign investors are mining industry (accounting for 27 per cent), hydropower (25 per cent), agriculture, services, processing industry, hotels, restaurants, telecommunications, construction, industry, and banking.

The Lao Government has devised preferential policies, including tax relief to encourage foreign investors to operate in disadvantaged rural areas.

From 2011 to 2015, Laos aims to attract approximately US$15 billion in direct foreign investment (FDI) as a means of maintaining annual GDP growth rates above 8 per cent.

Source

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Categories: Economy, Politics | 2 Comments

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2 thoughts on “Vietnam ranks largest investor in Laos

  1. Pingback: China Is Finding It Difficult To Swallow Laos | Stirring Trouble Internationally - Around the world

  2. Pingback: Three Japan-funded projects launched | CLMV Asia

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