Vietnam's Song Da Corp Invests US$2B in 14 Projects in Laos

Song Da Corporation of Vietnam has invested over US$2 billion in 14 projects in Laos to date, the Construction newspaper published by the Ministry of Construction said.

 

The majority of the corporation’s investments have been injected into hydropower projects.

 

Song Da Corporation has also coordinated with other Vietnamese firms to carry out mining and new urban development projects in Laos.

 

The corporation plans to collaborate with PetroVietnam Power Corporation to build the 1,400-MW Luong Phabang hydropower plant and to work in partnership with the Vietnam National Chemical Corporation (Vinachem) to mine potassium salt deposits in Kham Muon province in Laos.

 

In the first half of this year, the Laotian government has licensed 15 foreign-directed investment (FDI) projects valued at US$1.2 billion to Vietnamese firms, the Communist Party of Vietnam said. (Construction)