Japan opens business office in Laos
To strengthen information gathering and assist Japanese investors and prospective investors in Laos, the Japan External Trade Organisation, or Jetro, will open an office in Vientiane in 2014, Kyodo reported.
With Laos posting annual economic growth of 6 to 8 per cent in recent years, a growing number of Japanese companies have invested in the country to avert the risk of concentrating too much in neighboring Thailand and China.
Surging labour costs in China, especially in major cities, and the floods in 2011 and continuing political turmoil in Thailand have led to an increase in the number of Japanese investors in Laos to 60 last month from 27 in November 2009, according to Japanese data.
The latest investors include Nikon Corp. and Toyota Boshoku Corp., a group company of Toyota Motor Corp., both of which will be building parts in Laos for their production bases in Thailand.
Jetro said that while the timing of the opening is still under consultation with the Lao government, the body is poised to help expand trade and investment between Japan and Laos on the one hand and ASEAN on the other as the 10-member bloc has been promoting integration to achieve the ASEAN Economic Community in 2015.
[caption id="attachment_18771" align="alignleft" width="300"] Nikon is one of the largest Japanese investors in Laos[/caption] To strengthen information gathering and assist Japanese investors and prospective investors in Laos, the Japan External Trade Organisation, or Jetro, will open an office in Vientiane in 2014, Kyodo reported. With Laos posting annual economic growth of 6 to 8 per cent in recent years, a growing number of Japanese companies have invested in the country to avert the risk of concentrating too much in neighboring Thailand and China. Surging labour costs in China, especially in major cities, and the floods in 2011 and continuing political...
To strengthen information gathering and assist Japanese investors and prospective investors in Laos, the Japan External Trade Organisation, or Jetro, will open an office in Vientiane in 2014, Kyodo reported.
With Laos posting annual economic growth of 6 to 8 per cent in recent years, a growing number of Japanese companies have invested in the country to avert the risk of concentrating too much in neighboring Thailand and China.
Surging labour costs in China, especially in major cities, and the floods in 2011 and continuing political turmoil in Thailand have led to an increase in the number of Japanese investors in Laos to 60 last month from 27 in November 2009, according to Japanese data.
The latest investors include Nikon Corp. and Toyota Boshoku Corp., a group company of Toyota Motor Corp., both of which will be building parts in Laos for their production bases in Thailand.
Jetro said that while the timing of the opening is still under consultation with the Lao government, the body is poised to help expand trade and investment between Japan and Laos on the one hand and ASEAN on the other as the 10-member bloc has been promoting integration to achieve the ASEAN Economic Community in 2015.
