Laos seeks foreign direct investment from South Korea

Home >> Daily News >> Thailand News >> Investment >> Laos seeks foreign direct investment from South Korea

NEWS UPDATES

Asean Affairs 28 November 2013

Laos seeks foreign direct investment from South Korea

The Lao government has turned its attention to South Korea as a new source of Foreign Direct Investment following a successful trip by Lao President Choummaly Sayasone to Seoul to encourage investment in Laos according to state-run daily Vientiane Times, Wednesday.

During his stay in Seoul President Sayasone met with members of the business community. Sayasone emphasized Laos' rich natural resources, stable politics and fast economic growth as benefits for foreign investors.

South Korea is currently Laos' fourth largest foreign investor behind Vietnam, Thailand and China. There are currently 256 South Korean investment projects in the country with a value of approximately 889 million U.S. dollars. The majority of South Korean investment projects are in the fields of hydropower and mining but there is increasing interest in Lao agricultural and industrial sectors.

At his meeting in Seoul, Sayasone said that Laos had implemented policies to boost Foreign Direct Investment since 1988. Since that time Laos has continually sought to meet the needs of investors as well as ensure the sustainability of the national economy.

Foreign investment in Laos is a lynchpin of the national strategy to maintain 8 percent annual GDP growth from 2011-2015. Approximately 15 billion U.S. dollars of investment is required annually to achieve these growth targets. The Lao government aims to catalyze growth in order to graduate from the UN list of least developed nations by 2020.

Share

Reach Southeast Asia! 10- Nations, 560- Million Consumers And $1 -Trillion Market
We are the Voice of Southeast Asia	*Media Kit*
The only Media Dedicated to Southeast Asia	*Advertising Rates for Magazine*
	*Online Ad Rates*
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

or
submit your comment in the box below

Today's Stories 28 November 2013

Subsribe Now !

• Thai PM Yingluck offers dialogue to end political debacle

• Subcribe: Asean Affairs Global Magazine

• Thai political protests spread outside Bangkok

• Asean Affairs Premium

• Thai central bank cuts key interest rate to 2.25 per cent

	Research Reports on Thailand 2007-2008
	• Textiles and Garments Industry • Coffee industry • Leather and footwear industry • Shrimp industry

• Laos seeks foreign direct investment from South Korea

• Indonesia's Q4 GDP growth to be lowest in 4 years-president

Asean Analysis 28 November 2013

• Advertise Your Brand

• Asean Analysis-November 28, 2013
A TALE OF TWO COUNTRIES
• Asean Analysis-November 27, 2013
Thailand Needs to Restore its Past Glory

Asean Stock Watch 27 November 2013

• The Biweekly Update November 27, 2013

• Asean Stock Watch-November 27, 2013

ASEAN NEWS UPDATES Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Name

Email

1. Verifier