Laos now acknowledges it fell short of the projected target in revenues collection for the first quarter of 2004-05, receiving only 17% of the targeted amount. On the bright side, the Lao-Viet Joint Development Corporation announces it will invest US$11 million in the construction of a new shopping center to replace the Khoua Din Market. The construction is expected to be completed in three years.
Meanwhile, a group of investors from China will explore the feasibility of copper and zinc mining in two northern provinces of Laos.
Listen to our Laos-in-Brief report for detail.