Laos attracts US$37bil in investment since opening up

📆 2020/05/17 19:32:00
📰 staronline

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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.

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

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