Lao-Vietnam trade seen at $2b by 2015
Bilateral trade between Vietnam and Laos is expected to rise to $2 billion by 2015 and to $5 billion by 2020, up from $900 million in 2012, the Ho Chi Minh City Investment and Trade Promotion Center said at a seminar held in Vietnam’s business capital on June 29.
Vietnam is one of the top investors in Laos in many sectors, including energy, banking, insurance, plantations of industrial crops, commercial services and urban development. Vietnamese firms are aslo eager to export more of their products such as processed food, plastics, products for the agricultural sector, furniture, textiles and garments, cosmetics, electronics, electricity and construction materials.
The Lao government has also offered many incentives for foreign businesses to invest in remote areas in Laos. So far, Laos’ Champasak province, the southernmost province of Laos and known as a tourism, social and economic hub, has attracted the most Vietnamese investors. The province has developed industrial parks with a total area of 2,660 hectares and three special economic zones. At least 679 domestic and foreign projects with total investment capital of $7.6 billion have begun in the province, the promotion center said.
[caption id="attachment_11640" align="alignleft" width="300"] Laos's Champasak province attracts most Vietnamese investors[/caption] Bilateral trade between Vietnam and Laos is expected to rise to $2 billion by 2015 and to $5 billion by 2020, up from $900 million in 2012, the Ho Chi Minh City Investment and Trade Promotion Center said at a seminar held in Vietnam's business capital on June 29. Vietnam is one of the top investors in Laos in many sectors, including energy, banking, insurance, plantations of industrial crops, commercial services and urban development. Vietnamese firms are aslo eager to export more of their products such as processed food,...
Bilateral trade between Vietnam and Laos is expected to rise to $2 billion by 2015 and to $5 billion by 2020, up from $900 million in 2012, the Ho Chi Minh City Investment and Trade Promotion Center said at a seminar held in Vietnam’s business capital on June 29.
Vietnam is one of the top investors in Laos in many sectors, including energy, banking, insurance, plantations of industrial crops, commercial services and urban development. Vietnamese firms are aslo eager to export more of their products such as processed food, plastics, products for the agricultural sector, furniture, textiles and garments, cosmetics, electronics, electricity and construction materials.
The Lao government has also offered many incentives for foreign businesses to invest in remote areas in Laos. So far, Laos’ Champasak province, the southernmost province of Laos and known as a tourism, social and economic hub, has attracted the most Vietnamese investors. The province has developed industrial parks with a total area of 2,660 hectares and three special economic zones. At least 679 domestic and foreign projects with total investment capital of $7.6 billion have begun in the province, the promotion center said.
