Thai firms eye increased investment in Laos

                              Date: 30.06.2016
                              Source: Vientianetimes
                              More Thai businesspeople are interested in expanding their investments and seeking further trading opportunities in Laos, a meeting in Vientiane heard this week. Some 30 Thai businessp e ople met with Lao counterparts at ITECC Mall in the capital on Tuesday ahead of the Thai Top Brands Exhibition from June 29-July 3. The meeting aimed to create business opportunities between the two neighbouring countries by building networks, exchanging trade and seeking potential business partners.

The meeting heard from the Lao National Chamber of Commerce and Industry that foreign companies had begun moving their production bases from Thailand to Laos as its labour costs were lower than Thailand. Laos’ numerous advantages for international investors were also outlined at the seminar. Laos has 11 Special Economic Zone (SEZ) being developed with the four of Savan-Seno, Vientiane Industrial and Trade Area, Saysettha Development Zone, and Champassak (Pakxe-Japan SME) intended specifically as industrial estate developments.

These would form an important part of Laos’ industrial development strategy with links to neighbouring countries, particularly Thailand, to be prioritised. This should help Thai investors in their decision making processes whether to invest in and trade with Laos. According to a report by the Lao Ministry of Planning and Investment, Laos’ exports this year were expected to reach approximately US$2.1 billion.

 A large amount of those goods were destined to travel to Thailand or though Thai ports to consumers overseas. Thailand and Laos had agreed to double their bilateral trade to US$8 billion by last year, up from a figure of US$4 billion in 2011. As of 2012 trade between the two countries was worth US$4.82 billion, up 23.82 percent from the previous year. Thailand is Laos’ top trading partner and a lifeline for vital imports such as finished oil, vehicles, machinery and steel.

Likewise Laos exports a large amount of scrap metal, processed wood, fruit and vegetables to Thailand. Department of International Trade Promotion of the Thailand Ministry of Commerce reported from 2008 to 2013 there were 290 Thai companies registered in Vientiane, and 145 companies registered in the provinces of Laos. In 2014, Laos’ Gross Domestic Product per capital amongst Asean member states was US$1,730, according to the Asean Secretariat website.

Listed Company News

Investment Guide

        Download lao investment Guide :  Lao Download, English Download and Chinese Download


bol lsco LSX logo bcel edlgen lwpc ptl souvanny LDB1 lxs

Daily Report

        Daily Report             11/11/2019
        Daily Report             08/11/2019
        Daily Report             07/11/2019
        Daily Report             06/11/2019
        Daily Report             05/11/2019
        Daily Report             04/11/2019
        Daily Report             23/10/2019

Weekly Report

        Weekly Report       11/11/2019
        Weekly Report       04/11/2019
        Weekly Report       28/10/2019
        Weekly Report       21/10/2019
        Weekly Report       14/10/2019
        Weekly Report       08/10/2019
        Weekly Report       30/09/2019

Home Trading System

hts lanexang01

LXS Visistor Counter

mod_vvisit_counterThis week603
mod_vvisit_counterLast week1216
mod_vvisit_counterThis month3296
mod_vvisit_counterLast month5039
mod_vvisit_counterAll days213639