Laos’ Private sector investment goes off the boil
VIENTIANE (Vientiane Times/ANN) – Investment by domestic and foreign enterprises has not grown as planned despite the government’s augmented measures to boost private sector growth and sustain the economy.
The Minister of Planning and Investment, Dr Souphanh Keomixay, told Vientiane Times recently that private companies invested in 1,266 projects over the first six months of this year, with registered capital of US$3.6 billion.
Nevertheless, the actual capital transferred through banks was only US$1.09 billion, equal to 40 percent of the target for the year.
Somsack Pongkhao
http://annx.asianews.network/content/private-sector-investment-goes-boil-101259
