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 daily Vientiane Times reported during the weekend.
According to the statistics, China is the top foreign investor with a total of 862 projects with a combined investment value of US$10 billion.
Thailand and Vietnam were listed as second and third largest foreign investors with investment values of US$4.7 billion and US$3.9 billion respectively.
Among the other top foreign investors from 1989 to 2019 were South Korea, France, the United States, Japan, Malaysia and Australia.
The most popular investment sector in Laos from 1989 to 2019 was electricity generation, which attracted investment of about US$14 billion.
The second sector attracting a significant amount of funding during this period was mining, with total investment of US$7.5 billion.
Other sectors attracting high levels of investment were services, agriculture, industry, and handicrafts.
The report of Vientiane Times report said one of the sectors in which Laos has huge untapped potential is agriculture thanks to the abundance of fertile land, and this is made even more attractive by the surging demand for agricultural produce in neighbouring China.
To improve the situation for new business operators, the Laos Ministry of Planning and Investment has set up a one-stop service to make it easier for businesspeople to obtain investment permission as well as the necessary business-related documents. - Vientiane Times/Asian News Network
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 daily Vientiane Times reported during the weekend.
According to the statistics, China is the top foreign investor with a total of 862 projects with a combined investment value of US$10 billion.
Thailand and Vietnam were listed as second and third largest foreign investors with investment values of US$4.7 billion and US$3.9 billion respectively.
Among the other top foreign investors from 1989 to 2019 were South Korea, France, the United States, Japan, Malaysia and Australia.
The most popular investment sector in Laos from 1989 to 2019 was electricity generation, which attracted investment of about US$14 billion.
The second sector attracting a significant amount of funding during this period was mining, with total investment of US$7.5 billion.
Other sectors attracting high levels of investment were services, agriculture, industry, and handicrafts.
The report of Vientiane Times report said one of the sectors in which Laos has huge untapped potential is agriculture thanks to the abundance of fertile land, and this is made even more attractive by the surging demand for agricultural produce in neighbouring China.
To improve the situation for new business operators, the Laos Ministry of Planning and Investment has set up a one-stop service to make it easier for businesspeople to obtain investment permission as well as the necessary business-related documents. - Vientiane Times/Asian News Network
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