Jetro opens office in Laos to promote investment from Japan

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JETRO office in LaosThe Japan External Trade Organisation, or Jetro, on April 28 held an opening ceremony for its Laos office in the country’s capital Vientiane.

The new office, expected to be fully operational in July this year, will be the 74th overseas base and 10th in Southeast Asia for Jetro, a public body which supports foreign investment by Japanese businesses through its network covering 56 countries.

“We will promote investment from Japan and the growth of local industries,” Jetro Chairman Hiroyuki Ishige said at the ceremony.

Japanese industry minister Toshimitsu Motegi, Lao investment minister Somdy Douangdy and industry minister Khemmany Pholsena participated in the event.

In recent years, Laos has been attracting Japanese corporations and the number of Japanese companies operating in the country increased to over 100 in 2013 from 77 in 2012, according to Jetro.

The latest investors include Nikon Corp. and Toyota Boshoku Corp, a group company of Toyota Motor Corp, both of which are building parts in Laos for their production bases in Thailand.

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Reading Time: 1 minute

The Japan External Trade Organisation, or Jetro, on April 28 held an opening ceremony for its Laos office in the country’s capital Vientiane.

Reading Time: 1 minute

JETRO office in LaosThe Japan External Trade Organisation, or Jetro, on April 28 held an opening ceremony for its Laos office in the country’s capital Vientiane.

The new office, expected to be fully operational in July this year, will be the 74th overseas base and 10th in Southeast Asia for Jetro, a public body which supports foreign investment by Japanese businesses through its network covering 56 countries.

“We will promote investment from Japan and the growth of local industries,” Jetro Chairman Hiroyuki Ishige said at the ceremony.

Japanese industry minister Toshimitsu Motegi, Lao investment minister Somdy Douangdy and industry minister Khemmany Pholsena participated in the event.

In recent years, Laos has been attracting Japanese corporations and the number of Japanese companies operating in the country increased to over 100 in 2013 from 77 in 2012, according to Jetro.

The latest investors include Nikon Corp. and Toyota Boshoku Corp, a group company of Toyota Motor Corp, both of which are building parts in Laos for their production bases in Thailand.

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