China becomes largest investor in Laos

Boten borderChina has become the largest investor in Laos with over $5 billion invested in the country, surpassing Thailand, Chinese Ambassador to Laos Guan Huabing said at the launch of a photo exhibition jointly organised by the Chinese Embassy in Laos, the Chinese Chamber of Commerce in Laos and the Laos-China Cooperation Commission on January 30.

As of November 2013, cumulative Chinese investment in Laos reached $5.085 billion. In 2013, the value of trade between Laos and China reached $2.03 billion, an increase of almost 29.62 per cent on 2012.

The largest energy investment was poured into the construction of the Nam Ngiep 1 hydropower project in Borikhamxay province with over $868 million. Building of the dam starts in 2014 with construction expected to be completed by 2019. The dam will have a capacity of 290 megawatts.

Guan said the Chinese Embassy aimed to boost bilateral ties as well as trade and economic cooperation in order to increase prosperity for years to come. In 2013, China exported products to Laos worth more than $1 billion, an increase of 46.41 per cent year-on-year. In the same period, China imported products from Laos worth approximately $800 million, a 10.29 per cent increase over the previous year.



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China has become the largest investor in Laos with over $5 billion invested in the country, surpassing Thailand, Chinese Ambassador to Laos Guan Huabing said at the launch of a photo exhibition jointly organised by the Chinese Embassy in Laos, the Chinese Chamber of Commerce in Laos and the Laos-China Cooperation Commission on January 30. As of November 2013, cumulative Chinese investment in Laos reached $5.085 billion. In 2013, the value of trade between Laos and China reached $2.03 billion, an increase of almost 29.62 per cent on 2012. The largest energy investment was poured into the construction of the...

Boten borderChina has become the largest investor in Laos with over $5 billion invested in the country, surpassing Thailand, Chinese Ambassador to Laos Guan Huabing said at the launch of a photo exhibition jointly organised by the Chinese Embassy in Laos, the Chinese Chamber of Commerce in Laos and the Laos-China Cooperation Commission on January 30.

As of November 2013, cumulative Chinese investment in Laos reached $5.085 billion. In 2013, the value of trade between Laos and China reached $2.03 billion, an increase of almost 29.62 per cent on 2012.

The largest energy investment was poured into the construction of the Nam Ngiep 1 hydropower project in Borikhamxay province with over $868 million. Building of the dam starts in 2014 with construction expected to be completed by 2019. The dam will have a capacity of 290 megawatts.

Guan said the Chinese Embassy aimed to boost bilateral ties as well as trade and economic cooperation in order to increase prosperity for years to come. In 2013, China exported products to Laos worth more than $1 billion, an increase of 46.41 per cent year-on-year. In the same period, China imported products from Laos worth approximately $800 million, a 10.29 per cent increase over the previous year.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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