Sunday, September 09, 2007

Vietnamese investors in Laos, Cambodia eye association



Vietnam’s Standing Deputy Prime Minister Nguyen Sinh Hung
Vietnam’s Standing Deputy Prime Minister Nguyen Sinh Hung has agreed in principle to the establishment of an association grouping Vietnamese investors in Laos and Cambodia.

The Bank for Investment and Development of Vietnam (BIDV) is drafting a plan for the purpose and it will soon be submitted to the government for approval.

Vietnam has invested US$454.4 million in Laos and Cambodia, mainly in provinces located within a development triangle comprising contiguous areas in the three countries.