April 8, 2011

Plenty of investment opportunity in Laos and Cambodia


Laos and Cambodia introduced a series of investment projects to Vietnamese enterprises at a recent conference hosted by Vietnam-Laos-Cambodia Economic Development and Cooperation Association (VILACAED) in Hanoi.
The Head of Economic Development and Cooperation Committee with Cambodia Le Van Tuy said among major projects calling for investment in Cambodia, of the most noteworthy are the manufacturing of electric cables, the building of an Olympic stadium worth 156 million USD, a special economic zone and a 500-hectare land terminal in the area between Cambodia’s Ratanakiri provinces and Gia Lai of Vietnam.

VILACAED Chairman Lai Quang Thuc said that Vietnamese enterprises should take full advantage of the fact that Vietnamese consumer goods are very popular in Laos to invest in commodities production and distribution in the neighbouring country.

He added that from now till 2015, Vietnamese enterprises should focus their investments on the fields of industry, forestry and service in Laos.

According to the Ministry of Planning and Investment, over the past time, the number of Vietnam’s projects and investment capital in Laos and Cambodia has increased rather quickly.

Vietnam has invested in 195 projects in Laos with a total registered capital of US$3.95 billion and 87 projects in Cambodia with a combined capital of US$1.9 billion.
By February, 2011, Laos and Cambodia ranked top among 55 countries and territories as Vietnam’s overseas investment destinations.

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