M'sia is eighth largest investor in Laos
Published on: Tuesday, September 06, 2016
VIENTIANE: Malaysia has emerged as the eighth largest foreign investor in Laos with investments of RM2.3 billion from 2000 to 2015. Malaysian Ambassador to Laos, Datuk Than Tai Hing said investments by Malaysian companies at present covers the banking and finance, insurance, tourism, education, construction and agricultural sectors."It also encompasses two free trade zones, namely the Nelamit/Dongphosy Specific Economic Zone (SEZ) in Vientiane and Savan-Seno SEZ in Savannakhet in southern Laos.
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"Both the SEZ will clearly contribute to the economic growth and development of Laos in the future," he told Malaysian reporters here Monday.Than was speaking against the backdrop of Prime Minister Datuk Seri Najib Tun Razak's visit to Laos to attend the 28th Asean Summit and 29th Related Summits here. He said the Prime Minister will attend a meeting with the Malaysian business community here today."The meeting will involve key Malaysian investors, namely those companies involved in undertaking iconic and high potential projects in Laos such as the East-West Economic Corridor Railway Project, a rail venture in the Dongphosy Specific Economic and Nam Pha Hydro Power, involving hydro power generation," he added. Stay up-to-date by following Daily Express’s Telegram channel.
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"This meeting is viewed as a good platform for the Malaysian business community here to provide an update as to the status of their projects," Than said. – Bernama
