Viet Nam ranks 2nd among foreign investors in Laos

27/02/2008 -- 10:18 PM

Vientiane (VNA) – Viet Nam has become the second largest foreign investors in Laos during the period from 1989 to 2007, with investment projects totalling 600 million USD, according to local media. The agro-forestry sector attracted 25 projects from Vietnamese investors with a total investment of 117 million USD, the Economy-Society newspaper said. It was followed by the mining sector and the industry sector. Viet Nam is conducting studies on Sekaman 1 hydro-power plant project, in addition to the construction of the Sekaman 3 hydro-power plant at a cost of 270 million USD. Besides, the opening of five international border gates between the two countries contributed to facilitating travel of people and exchange of goods between the two sides, the paper added. The Vietnamese Government’s priority to Laos on the use of seaports like Vung Ang, Cua Lo and Hoi An in central Viet Nam also helped Laos further integrate into regional and international economy. The number of Lao students in Viet Nam as well as the number of Vietnamese students in Laos has increased rapidly thanks to an agreement on education cooperation. According to statistics, nearly 2,400 Lao students studied in tertiary schools in Viet Nam in the 2006-07 academic year, while the number of Vietnamese students in Lao universities were about 200.-Enditem
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