Thataeng district eyes 127 billion kip investment up to 2019
Thataeng district eyes 127 billion kip investment up to 2019
Thataeng district in Xekong province is aiming to boost a total of 144 investment projects amounting to 127 billion kip from now until 2019, according to the district's Planning and Investment Office.
The office intends to meet its economic growth target of 18 percent per annum, which will begin from this year, while the Provincial Gross Domestic Product (PGDP) should reach over 655 billion kip by the end 2019.
In addition, the agricultural sector should cover around 41 percent of PGDP, the industrial sector about 18.94 percent and the service sector should be approximately 33.6 percent.
“The income per capita should be recorded at 15 million kip per year (US$1,921),” the Planning and Investment Office stated.
In order to meet the target, the district authorities have set a plan to boost 144 government-owned investment projects at a cost of 127 billion kip.
A total of 46 out of 144 projects will be specifically invested in economic development, at an amount of 31.6 billion kip, while 90 projects worth 77.3 billion kip will be put on social cultural sectors, with the remaining eight projects targeting infrastructure development amounting to 18.3 billion kip.
According to a report from the office, over the five fiscal years from 2009-13 the district implemented a total of 91 projects worth more than 19 billion kip in the development of economic infrastructure and social cultural sectors.
In these investment projects, a total of 75 projects worth 12.2 billion kip, were by domestic investors and 16 projects were from foreign investors amounting to 7.2 billion kip.
Eight investment projects were also by private domestic and foreign companies, worth over 66 billion kip.
Xekong province is one of the smallest provinces in Laos but the abundance of natural resources is an essential key in boosting the socio economic development of the province, while Thataeng district alone has vowed to reach target of 127 billion kip by 2019.
vientiane times
