Chinese investments in Laos soar, but little wealth is spread

There is a huge gap between the value of Chinese investments in Laos and the negative impacts they create, a legal advisor said, adding, “No one can express concerns about these things in public out of fear for their safety.” Further, added a Lao businessman, also speaking on condition of anonymity. “It makes no sense to just tell people the high value of Chinese investments,”

100m giant Buddha statue to grace US$5 billion Chinese-led SEZ

The government believes the US$5 billion project in Vientiane will significantly boost the country’s economic growth and generate job opportunities for local people. Upon completion, the 99-year concession project will encompass a residential area, public parks and green spaces, a lake, a hospital, an education centre, restaurants, a sports complex, and a commercial centre.