ID :
154289
Wed, 12/22/2010 - 10:21
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http://m.oananews.org//node/154289
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China sees increase investment in Laos
VIENTIANE,DEC 21. (KPL) - Investment by Chinese business people over the past two years saw a significant increase according to Minister of Planning and Investment Sinlavong Khouthphaythoune.
“Chinese investors are investing in 12 areas in Laos. The investment by Chinese investors is increased from USD 247 million in 2009 to USD 556 million in 2010,” said Mr. Sinlavong.
The Lao government and Chinese business people met here yesterday to discuss possible solutions to investment environment in the Lao PDR.
The Lao side present at the meeting was led by Minister of Planning and Investment Sinlavong Khouthphaythoune, and the Chinese was headed by Chinese Ambassador to Laos Bu Jiangua.
“The Lao government plays attention to improving the environment of business and investment by improving legal instruments, policy and creation of favorable conditions to ensure the increase of investment in the country,” said Mr. Sinlavong.
“To ensure the economic growth as designated in the seventh five-year national socio-economic development plan and graduate the Lao PDR from the list of least developed countries (of the United Nations) by 2020, the government has initially determined 21 projects including mega projects,” Mr. Sinlavong.
“For 22 years, the Lao PDR has implemented open door policy to promote cooperation with governments in the region and international community, promoted the investment of domestic and foreign companies.
This has contributed to the socio-economic growth in the country,” said Deputy Director of Investment Promotion Department, Mr. Achong
Laomoua.
“Since 2000, 39 countries have invested in 13 areas in the Lao PDR. Vietnam ranks the first largest investor for the Lao PDR with 252 projects of a combined investment of US$ 2.7 billion, followed by China with 397 projects whose investment is valued at US$ 2.7 billion and Thailand with 269 projects with a total investment of US$ 2.6 billion,” said Mr. Achong.
“Chinese investors are investing in 12 areas in Laos. The investment by Chinese investors is increased from USD 247 million in 2009 to USD 556 million in 2010,” said Mr. Sinlavong.
The Lao government and Chinese business people met here yesterday to discuss possible solutions to investment environment in the Lao PDR.
The Lao side present at the meeting was led by Minister of Planning and Investment Sinlavong Khouthphaythoune, and the Chinese was headed by Chinese Ambassador to Laos Bu Jiangua.
“The Lao government plays attention to improving the environment of business and investment by improving legal instruments, policy and creation of favorable conditions to ensure the increase of investment in the country,” said Mr. Sinlavong.
“To ensure the economic growth as designated in the seventh five-year national socio-economic development plan and graduate the Lao PDR from the list of least developed countries (of the United Nations) by 2020, the government has initially determined 21 projects including mega projects,” Mr. Sinlavong.
“For 22 years, the Lao PDR has implemented open door policy to promote cooperation with governments in the region and international community, promoted the investment of domestic and foreign companies.
This has contributed to the socio-economic growth in the country,” said Deputy Director of Investment Promotion Department, Mr. Achong
Laomoua.
“Since 2000, 39 countries have invested in 13 areas in the Lao PDR. Vietnam ranks the first largest investor for the Lao PDR with 252 projects of a combined investment of US$ 2.7 billion, followed by China with 397 projects whose investment is valued at US$ 2.7 billion and Thailand with 269 projects with a total investment of US$ 2.6 billion,” said Mr. Achong.
