Vietnam channels investment capital to Laos
The Vietnamese government has approved total investment of almost US$21.4 billion, US$5.12 billion of which has been allocated to Laos. The Vietnamese Ministry of Planning and Investment was quoted in the Vietnam News recently as saying that Vietnam had channelled the US$21.4 billion into 1,188 projects across 70 countries and territories as of January 2017. Of t he total, US$5.12 billion and US$2.89 billion, respectively, was invested in 270 and 191 projects in the two neighbouring countries Laos and Cambodia. Other investment destinations include Russia and Africa.
