Vietnam's investment in Lao PDR ranks 3rd among the countries with total investment in Lao PDR. China still holds No. 1 and Thailand No. 2 at the 38th meeting of the Joint Committee of the People's Republic of Vietnam
B. Vietnam’s investment in Laos ranks 3rd among the total investment countries in Laos, while investment from China stillranks 1st and Thailand 2nd according to the 38th meeting of the Joint Joint Committee of the Government of the People’s Republic of Vietnam and the People’s Republic of Vietnam heldon December 27 In 2015, the two sides also made a joint commitment to actively implement the contents of the Strategic Agreement on Investment Directions andguarantee quality investment with a variety of forms and mutual benefits.
An executive from the Commercial Bank for Investment and Development of Vietnam revealed in a report on the same day: Basically in 2011-2015, the governments of the two countries have actively implemented the contents of the Strategic Agreement on Investment Direction, in which even though the global economic crisis has had a significant impact on Vietnam, but Vietnamese enterprises continue to expand and open up investment in Laos. Vietnam’s Foreign Direct Investment (FDI) has increased in terms of the number of projects and the value of investments, and Vietnam’s investment in Laos now ranks 3rd among the countries with total investment in Laos (China and Thailand).As of November 2015, it has reached about 5 billion US dollars and is still the top country in the 60 countries where Vietnam invests abroad. However, as of the end of 2014, according to the data source of the Ministry of Planning and Investment of Vietnam, the Lao government has issued investment permits for about 258 projects for Vietnamese businessmen, with an investment value of about US$ 5.1 billion, of which about US$1 billion has been disbursed. From November to 2015 alone, Vietnam has invested in 9 newly approved projects. 9 newly approved capital increase programs and additional funding programs are $126 million.Vietnam’s investment focus is focused on several sectors: energy (mainly about 26% of the country);structural rehabilitation services (20%); Agriculture-Forestry (23%); mining (19%); Finance-Banking (about 3%) withthe majority of investments in the Central and Southern Provinces of whichthere arelarge-scale projectsAmong the Vietnamese businessmen who are actively expanding and carrying out effective mining are the Luang Prabang Power Project, the Yao Plantation Project, the Pala Rubber Plantation, the Corn Plantation Project</B1130<b1131> > The total , by , jobs
