Domestic and Foreign Investment reaches 14.3 trillion kip

11/06/2024 14:37
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KPL (KPL) The Ministry of Planning and Investment has reported that the investment of domestic and foreign private sectors in the first three months was valued at USD 11.02 billion in 6,007 projects with public investment estimated at USD 666 million, equal to 14.31 trillion kip, or 44.15% of the plan.

Minister of Planning and Investment Phet Phomphiphack

(KPL) The Ministry of Planning and Investment has reported that the investment of domestic and foreign private sectors in the first three months was valued at USD 11.02 billion in 6,007 projects with public investment estimated at USD 666 million, equal to 14.31 trillion kip, or 44.15% of the plan.

In the first 3 months of the year, total investment was equal to 30.8% of the targets set for 2024 plan, Minister of Planning and Investment Phet Phomphiphack reported at the 7th Ordinary Session of the National Assembly's 9th Legislature on Jun 10.

Investment recorded in the first six months is expected to be 2.45 trillion kip, equal to 49% of the plan with ODA-funded investment projects amounting to 2.24 trillion kip (USD 104.46 million), 15% of the plan, according to the minister.

Mr. Thongsi  Soutsuliphom, member of the National Assembly for the 2nd constituency (Phongsaly Province) called on the government to assess all investment  projects , especially in the mining sectors to make sure the projects benefit local people and the nation.

KPL

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