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117977
Thu, 04/22/2010 - 10:25
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https://oananews.org//node/117977
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Luang Prabang: 142 overseas investment projects over the past eight years
VIENTIANE, 22 APRIL (KPL) - Luang Prabang province has attracted more than 140 direct investment projects from overseas approximately US$130 million over the past eight years in the period 2002-2009, according to a recent report of the Investment and Planning Service of Luang Prabang province.
Chinese investors are on the top list of investment, followed by French and Thai investors.
The Investment and Planning Service has disclosed that the overseas investment increased to 30 projects, worth US$33.3 million, in 2007, up from nine projects in 2006.
However, the figure of investment in this northern province decreased in 2008, with only 29 projects worth US$24.5 million.
Last year, there were 41 investment projects amounting to US$49.2 million, despite the global finance crisis.
The high value of investment in the province was concentrated on the construction of accommodations, hotels, guest houses and restaurants.
In particular, a remarkable investment, worth US$18 million, was by a British investor in mid-2009.
The construction of a golf course and complex resort project was the second large project investment, worth of US$10 million, by a Korean businessman, followed by the hotel and restaurant construction project by a Thai businessman with a total cost of US$8.5 million.
The Luang Prabang Investment and Planning Service also said that eight investment projects worth US$2 million, were approved in the first two months of this year.
Chinese investors are on the top list of investment, followed by French and Thai investors.
The Investment and Planning Service has disclosed that the overseas investment increased to 30 projects, worth US$33.3 million, in 2007, up from nine projects in 2006.
However, the figure of investment in this northern province decreased in 2008, with only 29 projects worth US$24.5 million.
Last year, there were 41 investment projects amounting to US$49.2 million, despite the global finance crisis.
The high value of investment in the province was concentrated on the construction of accommodations, hotels, guest houses and restaurants.
In particular, a remarkable investment, worth US$18 million, was by a British investor in mid-2009.
The construction of a golf course and complex resort project was the second large project investment, worth of US$10 million, by a Korean businessman, followed by the hotel and restaurant construction project by a Thai businessman with a total cost of US$8.5 million.
The Luang Prabang Investment and Planning Service also said that eight investment projects worth US$2 million, were approved in the first two months of this year.
