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NEW UPDATES Asean Affairs  18 April 2014  

Vietnam group invests in agricultural projects in Laos

Mr. Tran Bac Ha, Chair of the Association of Vietnamese Investors in Laos, says that by the end of 2013, Vietnamese enterprises had invested in 440 projects in Laos, worth about $4.9 billion. Of them, Hoang Anh Gia Lai’s investment ranks as the largest. Currently, Vietnam is the one of the three largest investors in Laos.

In particular, Vietnamese enterprises have invested in four southern provinces of Laos, with about $1.7 billion. Hoang Anh Gia Lai accounts for over 90 percent of that capital. Vietnamese companies in Laos employ 35,000 workers and the number is expected to rise to 65,000 by 2020.

Vietnamese investors have granted $40 million to social welfare programs in Laos, of which more than $30 million is from Hoang Anh Gia Lai.

Ha says the association aims to increase investment capital in Laos to $6.3 billion in 2015. He says trade turnover between the two countries has reached about $1 billion/year. But this figure is not high, according to Ha.

To meet the target of pushing bilateral trade volume to $2 billion in 2015, Ha asked the two governments to create the most favorable conditions for Vietnamese businesses to invest in Laos, including the opening of HCM City-Hanoi-Vientiane-Attapeu air routes to promote economic development in Laos’ southern region.

Mr. Doan Nguyen Duc, Chair of Hoang Anh Gia Lai, says that his  company is also preparing to import 100,000 Australian cows to breed in Laos.

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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






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