Chinese companies are currently investing in more than 900 development projects in Laos and have ploughed more than US$13 billion into these ventures, making China the top investor in Laos.
The figures were reported at a meeting of Lao government officials and Chinese business operators in Vientiane on Monday, chaired by Minister of Planning and Investment Mr Khamjane Vongphosy and Charge d’Affaires of the Chinese Embassy in Laos, Mr Wang Chang.
The meeting heard reports on the advantages, difficulties and recommendations of Chinese businesses in Laos and provided a platform for the two sides to share opinions and discuss ways to improve the business environment.
Mr Khamjane said, “The government is working to improve the investment climate so that business operations can be carried out more easily, transparently and quickly, to create maximum benefits for Laos and investors, especially Chinese investors.”
“This meeting is an important milestone in efforts to improve the investment environment so that trade, investment and services provided by Chinese business operators in Laos are successful and meet the set objectives in terms of quality as well as providing more jobs for Lao people,” he added. Source: the nation
