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Laos, Cambodia offer investment opportunities

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.
Laos and Cambodia introduced a series of investment projects toVietnamese enterprises at a recent conference hosted byVietnam-Laos-Cambodia Economic Development and Cooperation Association(VILACAED) in Hanoi.

Le Van Tuy, Head of Economic Development and Cooperation Committeewith Cambodia said among major projects calling for investment inCambodia, of the most noteworthy are the manufacturing of electriccables, the building of an Olympic stadium worth 156 million USD, aspecial economic zone and a 500-hectare land terminal in the areabetween Cambodia’s Ratanakiri provinces and Gia Lai of Vietnam.

Lai Quang Thuc, VILACAED Chairman said that Vietnamese enterprisesshould take full advantage of the fact that Vietnamese consumer goodsare very popular in Laos to invest in commodities production anddistribution in the neighbouring country.

He addedthat from now till 2015, Vietnamese enterprises should focus theirinvestments on the fields of industry, forestry and service in Laos.

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

ByFebruary, 2011, Laos and Cambodia ranked top among 55 countries andterritories as Vietnam’s overseas investment destinations.

At present, Vietnam has invested in 195 projects in Laos with a totalregistered capital of 3.95 billion USD and 87 projects in Cambodia with acombined capital of 1.9 billion USD./.
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