ID :
155964
Wed, 01/05/2011 - 11:21
Auther :
Shortlink :
http://m.oananews.org//node/155964
The shortlink copeid
China - Second largest investor in Laos
VIENTIANE,04 JAN.(KPL) - Today, the People’s Republic of China ranks the second largest investor in Laos with a total investment of US$ 2,687 million in 397 investment projects.
Mr. Achong Laomao, Deputy Director of the Investment Promotion Department, Ministry of Planning and Investment, has asked the Chinese investors who attended the Laos-China Business Forum held in Vientiane last month to support and co-operate with Lao side to build the infrastructure, especially on highway construction from the north to the south, railway, hydropower, power grid and agricultural production by using modern technology.
The investment from China is a main factor to boost the economic growth in Laos and generate significant income for the Lao government. In addition, the Chinese investment has contributed to the local development and created a number of jobs for Lao people. The Chinese investment projects are mostly in the mining sector.
During the forum, the Lao and Chinese sides also agreed to continue their co-operation on information, especially the selection of the qualified Chinese companies to implement the investment projects in Laos. The Lao side also asked the Chinese side to send the name list of the qualified and experienced Chinese companies to Laos as information for consideration.
Dr. Sinlavong Khoudphaythoune, Minister of Planning and Investment, also urged the Chinese investors to improve and upgrade its investment quality to the international standard and to respect the rule, laws and custom of Lao people.
Mr. Achong Laomao, Deputy Director of the Investment Promotion Department, Ministry of Planning and Investment, has asked the Chinese investors who attended the Laos-China Business Forum held in Vientiane last month to support and co-operate with Lao side to build the infrastructure, especially on highway construction from the north to the south, railway, hydropower, power grid and agricultural production by using modern technology.
The investment from China is a main factor to boost the economic growth in Laos and generate significant income for the Lao government. In addition, the Chinese investment has contributed to the local development and created a number of jobs for Lao people. The Chinese investment projects are mostly in the mining sector.
During the forum, the Lao and Chinese sides also agreed to continue their co-operation on information, especially the selection of the qualified Chinese companies to implement the investment projects in Laos. The Lao side also asked the Chinese side to send the name list of the qualified and experienced Chinese companies to Laos as information for consideration.
Dr. Sinlavong Khoudphaythoune, Minister of Planning and Investment, also urged the Chinese investors to improve and upgrade its investment quality to the international standard and to respect the rule, laws and custom of Lao people.
