Vietnam, the biggest investor in Laos last year, maintained its position there in the first 9 months of 2009, according to the latest statistics from the Lao Ministry of Planning and Investment.
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Vietnam heavily invests in hydroelectricity in Laos
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Vietnam’s businesses had the combined investment of US $1.4 billion in Laos between January and September, accounting for nearly 33% of the total foreign direct investment (FDI) in the 9-month period there.
Both Vietnamese investors and Lao partners are planning to disburse investment capital at leastUS $1 billion in 2010 and double the figure by 2015.
Laos licensed over 200 FDI projects with the total registered capital of US $4.3 billion in the first three quarters of this year, posting a year-on-year rise of nearly 39%. Most of the projects engage in mining, hydroelectricity, cash crop and garment.