Laos top recipient of Vietnam’s overseas investment

Laos has been the largest recipient of Vietnam's overseas investment so far, with 209 projects totalling 5.1 billion USD in registered capital, Minister of Planning and Investment Nguyen Chi Dung has said.
Laos top recipient of Vietnam’s overseas investment ảnh 1In Vientiane, Laos (Photo: VNA)

Hanoi (VNA) – Laos has been the largest recipientof Vietnam's overseas investment so far, with 209 projects totalling 5.1 billion USD inregistered capital, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam currently ranks third among Laos’ foreign investors.

Vietnam’s investment in Laos has been on the upward trend. In2021, the country channelled 118.3 million USD into Laos, a year-on-year surgeof 33 percent.

Many projects have posted stable and efficient operations, which was highly valued by the Lao government. Some of them have received additionalfunding for coming years.

The Lao side helped address bottlenecks in a number of majorprojects, including the building of Vung Ang port, Luang Prabang and Xekaman 3 hydropower plants.

More opportunities in investment cooperation between thecountries are expected in the coming time, Minister Dung said.

Last year, 61 projects of Vietnam had their investmentcertificates renewed with a combined capital of 409.1 million USD, up 28.6percent compared to 2020.

Vietnam’s investments are primarily in the field ofscience-technology, wholesale and retail, agro-forestry-fishery, administrativeand support services./.

VNA

See more

The “Ting Ting Day” Festival opens on June 14 in HCM City (Photo: VNA)

Cashless payment festival launched in HCM City

As of 2024, Vietnam had recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation. Nearly 87% of Vietnamese adults now have bank accounts.

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.