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Laos attracts investment of about US$37bil since opening up

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VIENTIANE (Xinhua): The Lao government has approved more than 6,000 investment projects with combined funding of around US$37bil 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 $36.8 billion, according to figures released recently by the Ministry of Planning and Investment, local daily Vientiane Times reported on Thursday .

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 $7.5 billion. Other sectors attracting high levels of investment were services, agriculture, industry, and handicrafts.

 

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