Vietnam among top three investors in Laos

This was announced at the 35^th meeting of the Vietnam-Lao Inter-governmental Committee for Economics, Culture, and Science and Technology Cooperation held in the northern Vinh Phuc province on December 19.

Present at the event were Vietnamese Deputy Prime Minister Nguyen Xuan Phuc and his Lao counterpart Somsavat Lengsavad, and representatives of various ministries, agencies and businesses from the two countries.

The two-way trade turnover has already reached US$790 million over the past 11 months, up 23 percent over the same period last year, and is expected to hit US$900 million by the end of this year.

Key Vietnamese exports to the Lao market include oil, steel and transport vehicles.

Vietnam’s major projects are related to the construction of hydro-electric power plants and the planting of rubber trees.