ID :
36461
Fri, 12/19/2008 - 11:14
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http://m.oananews.org//node/36461
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Meeting to promote investment for five northern provinces opens
Meeting to promote investment for five northern provinces opens
(KPL) A meeting to attract the investment from Vietnam for five northern provinces of Huaphan, Xieng Khuang, Luang Prabang, Luang Namtha and Phongsaly was held on 17 December at Huaphan provincial hall under the chairmanship of Standing Deputy Prime Minister Somsavat Lengsavad.
Speaking at the opening ceremony, Mr.Thongmy Phomvisay, Deputy Minister of Planning and Investment said that the meeting held to strengthen and promote the special friendship relation and all round co-operation , especially in the field of economic and investment of Laos and Vietnam. He added that the Lao economic at present is still continue growth at the average of 8% per year, the social and political situations are stable.
He continued that the investments from Vietnam in Laos since 1989 has reached around US$ 9 billion. In the past few years, the investments of Vietnam has increased from 6 projects in 2001 to 142 projects by 2008 with the total investment of US$ 758 million.
Mr. Thongmy Phommisay mentioned that the investments of Vietnam by 2000 was ranged as the top of the investor in Laos in which the hydropower has covered 36.3% with US$ 278 million of its total investment.
The investments of Vietnam in Laos has been considered as the main factor to boost the economic development in Laos and to create a number of jobs to the Lao people.
(KPL) A meeting to attract the investment from Vietnam for five northern provinces of Huaphan, Xieng Khuang, Luang Prabang, Luang Namtha and Phongsaly was held on 17 December at Huaphan provincial hall under the chairmanship of Standing Deputy Prime Minister Somsavat Lengsavad.
Speaking at the opening ceremony, Mr.Thongmy Phomvisay, Deputy Minister of Planning and Investment said that the meeting held to strengthen and promote the special friendship relation and all round co-operation , especially in the field of economic and investment of Laos and Vietnam. He added that the Lao economic at present is still continue growth at the average of 8% per year, the social and political situations are stable.
He continued that the investments from Vietnam in Laos since 1989 has reached around US$ 9 billion. In the past few years, the investments of Vietnam has increased from 6 projects in 2001 to 142 projects by 2008 with the total investment of US$ 758 million.
Mr. Thongmy Phommisay mentioned that the investments of Vietnam by 2000 was ranged as the top of the investor in Laos in which the hydropower has covered 36.3% with US$ 278 million of its total investment.
The investments of Vietnam in Laos has been considered as the main factor to boost the economic development in Laos and to create a number of jobs to the Lao people.
