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Submitted by honghanh on Thu, 02/28/2008 - 09:45
Vietnam has become the second largest foreign investors in Laos during the 1989 – 2007 period, with investment projects worth US$600 million, according to local media.

The agro-forestry sector has so far attracted 25 projects from Vietnamese investors with a total investment of US$117 million, the Economy-Society newspaper said. It was followed by the mining sector and the industry sector.

Vietnam is conducting studies on Sekaman 1 hydroelectricity power plant project, meanwhile the US$270 million Sekaman 3 hydroelectricity power plant is under construction.

Besides, the opening of five international border gates between the two countries contributed to facilitating people traveling and goods exchange between the two sides, the paper added.

The Vietnamese Government’s priority to Laos on the use of seaports like Vung Ang, Cua Lo and Hoi An in central Vietnam also helped Laos further integrate into regional and international economy.

The number of Lao students in Vietnam and vice versa has increased rapidly thanks to an agreement on education cooperation. According to statistics, nearly 2,400 Lao students studied in tertiary schools in Vietnam in the 2006-07 academic year, while the number of Vietnamese students in Lao universities were about 200.

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