China becomes largest investor in Laos
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 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.
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...
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 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.
