Vietnam has planned to double its total investment in Laos to US$7 billion by 2015, according to the Vietnamese Ministry of Industry and Trade.
Vietnam has planned to double its total investment in Laos to US$7 billion by 2015, according to the Vietnamese Ministry of Industry and Trade.
The ministry, in coordination with relevant Vietnamese and Lao agencies, on December 25 in Vientiane held a business forum, which drew the participation of nearly 100 Vietnamese enterprises and overseas Vietnamese.
Now, Vietnam has over 200 investment projects with the total capital of some US$3.5 billion. Vietnamese enterprises have made strong presence in Laos, including Laos-Viet Nam Bank, Saigon Bank, Golf Long Thanh Group, and Dao Huong Group.
The two-way trade between Viet Nam and Laos is nearly US$900 million.
Vietnam has also been listed as one of the top five largest investors in Cambodia.
The country has so far this year had 124 investment projects with a combined capital of US$2.5 billion in Cambodia.
(Source:VGP)
