PRESS RELEASE BY THE
EMBASSY OF MALAYSIA IN VIENTIANE, LAO PDR
MALAYSIA RANKS 4th LARGEST FOREIGN DIRECT INVESTOR IN LAOS
MALAYSIAN INVESTORS KEEN TO FURTHER INVEST IN LAOS
Malaysia has been ranked the 4th largest foreign investor in Laos following China, Vietnam and Thailand through hydropower projects, development of special economic zone and services sector.
Mr. Mohd Aini Atan, Ambassador of Malaysia to Laos told Madam Khemmani Pholsena, Minister of Industry and Commerce that Malaysian investors were keen to further invest in Laos, following his Courtesy Call on Wednesday, 16 August 2017.
In 2016, Malaysia’s bilateral trade with Laos recorded an increase of 74.5 percent amounting to USD31 million compared to USD17.7 million in 2015 while Malaysia’s investments in Laos is valued at over USD1 billion with 103 registered projects.
Both sides noted the success of the Official Visit to Malaysia by His Excellency Dr. Thongloun Sisoulith, Prime Minister of Laos on 9-10 May 2017 and that Madam Khemmani Pholsena was also part of the delegation. Among the highlight of the Official Visit was the Malaysia–Lao PDR Business Forum held on 9 May 2017 with attendance of more than 400 participants representing 200 companies that generated strong interest from the Malaysian business community to invest in the Lao PDR. Mr. Mohd Aini shared with Madam Khemmani that Malaysia was also keen to offer its expertise in the field of aviation management to Lao PDR.
Mr. Mohd Aini also concurred with Madam Khemmani on the success story and rapid economic progress of Malaysia’s investment in Savannakhet province with the on-going success of a Malaysian company called Savan Pacifica Development Co. Ltd., a concession holder for Savan-Seno Special Economic Zone, Savan Park (Zone C). As at 28 April 2017, there are 55 license investors operating in Savan Park SEZ (Zone C) at the investment value of USD132 million. Several additional Malaysian companies reportedly also shown interest to invest in Savan-Seno Special Economic Zone after the Malaysia–Lao PDR Business Forum held on 9 May 2017. In addition, Savan-DKLS Water Supply, a Malaysian company operating in Savannakhet has successfully supply treated water to the people in Savannakhet province.
The Malaysian Ambassador is also delighted that Malaysia is the largest foreign investor in Champasak province through investment in Don Sahong Hydropower Project there. Mr. Mohd Aini Atan informed Madam Khemmani that he personally undertook a site visit to Don Sahong Hydropower Project in Champasak province on 5 July 2017. Currently, the project is progressing well and is over 31 percent completion. The project should be completed by December 2019 and expected to generate 260MW of electricity upon completion.
Embassy of Malaysia in Vientiane, Lao PDR
16 August 2017
 |
Caption: Savan-DKLS Water Supply, a successful Malaysian company operating in Savannakhet has successfully supply treated water to the people in Savannakhet province. |
 |
Caption: His Excellency Mohd Aini Atan, Ambassador of Malaysia to the Lao PDR shaking hands with Her Excellency Madam Khemmani Pholsena, Minister of Industry and Commerce of the Laos on 16 August 2017. |
 |
Caption: The on-going success of the Savan Pacifica Development Co. Ltd., a concession holder for Savan-Seno Special Economic Zone. As at 28 April 2017, 55 license at the investment value of USD132 million has been recorded. |