ASEAN KEY DESTINATIONS
Ventiane is “booming”
The economy of Laos' sleepy capital Vientiane grew 12 percent year-on-year in the first three quarters of the current fiscal year, media reports said Monday.
Vientiane's gross domestic product between October 1 and June 30 reached 21,437 billion kip (US2.75 billion dollars), up 12 percent compared with the same period in 2009-10, according to the city's planning and investment department.
The city of 800,000 which has seemingly missed the infrastructure explosions of other South-East Asian capitals over the past three decades, welcomed 948,000 tourists in the nine-month period, primarily from Thailand, generating $85 million in spending, the Vientiane Times reported.
During the same period, authorities approved 7,300 billion kip ($936 million) worth of investment projects, an 84 percent increase compared to the same period the previous year.
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