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Vietnam invests US$3.7 billion in regional development triangle area

The Saigon Times

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HCMC – Vietnam has invested US$3.7 billion into the development triangle area encompassing Vietnam, Laos and Cambodia, statistics show.

The Ministry of Planning and Investment revealed the figure at the 13th conference on trade, investment, and tourism promotion for the Cambodia-Laos-Vietnam Development Triangle Area in Attapeu, Laos yesterday, February 27.

The nation currently has 110 investment projects in the triangle area, with 65 projects valued at US$2 billion in Laos and 45 projects worth US$1.7 billion in Cambodia. These projects represent over 24% of the total projects and more than 44% of the investment in Laos and Cambodia combined.

Vietnam’s outbound capital in this region primarily focuses on industrial crop cultivation, construction, mining, and hydroelectric power sectors. Many of these projects have already been successfully implemented, contributing significantly to the local economies.

These investments have led to job creation for local labor forces, improved infrastructure, and the development of small-scale civil projects such as roads, schools, and medical facilities. Additionally, they have supported social welfare initiatives in the region.

Moreover, five Vietnamese provinces within the Vietnam-Laos-Cambodia Development Triangle Area, including Dak Lak, Dak Nong, Gia Lai, Kon Tum and Binh Phuoc, have attracted 521 foreign direct investment projects from 30 countries and territories, totaling over US$6 billion.

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