Laos attracts US$37bil in investment since opening up

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

VIENTIANE: The Laos government has approved more than 6,000 investment projects with combined funding of around US$37 billion since the introduction of the market-oriented economy and opening up to the world in the 1980s.

From 1989 to 2019 the total number of investment projects was 6,144, with an overall investment value of US$36.8 billion, according to figures released recently by the Ministry of Planning and Investment, local dailyAccording to the statistics, China is the top foreign investor with a total of 862 projects with a combined investment value of US$10 billion.

Among the other top foreign investors from 1989 to 2019 were South Korea, France, the United States, Japan, Malaysia and Australia. The second sector attracting a significant amount of funding during this period was mining, with total investment of US$7.5 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

While the world is busy running after the investment opportunity Malaysia is busy running after politics and power...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU

Australia Australia Latest News, Australia Australia Headlines