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China remains largest foreign investor in Laos – deputy PM

China remained the largest foreign investor in Laos, undertaking a total of 813 projects worth over 16 billion U.S. dollars, Lao officials,  said on Tuesday.

The Deputy Prime Minister and Minister of Planning and Investment,  Sonexay Siphandone, said during the fifth workshop,  between Lao and Chinese entrepreneurs.

“China also plays a significant role in special economic zone investments, with the Lao Government,  haven authorized 89 projects worth over 215 million U.S. dollars,’’ Sonexay added.

 

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The China-Laos Railway, Laos’ flagship infrastructure project, was now over 90 percent complete and expected to open in December.

China was also the largest foreign investor in Laos in 2020, undertaking a total of 785 projects worth more than 12 billion U.S. dollars.

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