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Tuesday, July 16, 2024

China Remains Top Investor in Laos, Minister Reveals

This Week

Chinese investors have engaged in over 900 projects across various sectors in Laos, totaling more than USD 13 billion. This establishes China, once again, as the leading contributor in terms of investment value in Laos, revealed Minister of Planning and Investment Khamjane Vongphosy on 14 November.

The 7th exchange meeting between the Lao government and Chinese businessmen, held in Vientiane Capital, served as a platform to assess reports on the experiences, challenges, and recommendations of Chinese enterprises operating in Laos.

The meeting, which saw the active participation of deputy ministers, representatives from the Chinese Chamber of Commerce, and Chinese and Lao business stakeholders, facilitated direct discussions to collaboratively address concerns and enhance the country’s business environment.

While China holds the title of the country with the highest investment value in Laos, Khamjane emphasized its position as the number one destination for Laos’ exports.

In 2022 alone, Chinese investments were distributed among 30 companies across Laos, reaching a cumulative value of USD 339 million. These investments encompassed diverse sectors, including mining, energy, consulting services, industry and crafts, and public health, among others, as reported by state media Vientiane Mai.

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