Vietnam now Laos’ 2nd biggest foreign investor

by VTV422 August 2015 Last updated at 11:00 AM

VTV.vn - Vietnam has become the second largest foreign investor in Laos, as announced by Deputy Prime Minister Bun-pon But-ta-na-vong and Vietnam’s Ministry of Planning and Investment.

The Ministry has granted permission for 4 new projects and 2 capital adjustments worth 54 million USD. This accounts for one third of Vietnam’s newly registered capital for foreign investment for the past six months. Vietnamese companies invest in 259 projects with total investment value of 3.9 billion USD.  They have contributed to Laos’ state budget, created local jobs, reduced poverty, and participated in social programs.

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