ລິ້ງ ສຳຫລັບເຂົ້າຫາ

ວັນພະຫັດ, 01 ທັນວາ 2022

Vietnam to Invest in Additional Thirteen Projects in Laos


Vietnam who is already Laos' third major investor has announced additional investments in Laos in 13 projects totalling some $3.5 billion, including two projects worth $1.7 billion to explore for oil and gas in Champassack and Salavan provinces, and another project to build a 1,400 MW hydro-power plant in Luang Prabang province.

The two nations signed MOUs during a visit to Laos earlier this month by a delegation of Vietnamese businesses. If the projects materialize, Vietnam will replace China as number one foreign investor in Laos.

Meanwhile, China has agreed to provide a long term loan of more than $57 million to help Laos upgrade Luang prabang airport to international standards, so that it can accommodate larger aircrafts like Boeings and Airbuses.

The two-stage project, which is to begin in November and expected to take four years to finish, will involve upgrading equipments, building a new runway and a new hangar, as well as extending airport parameter.

Listen to our Laos Today report for more details in Lao.

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