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Toyota Boshoku Begins Manufacturing In Laos

20/05/201421/05/2014 J&C Admin 3618 Views LTD, TOYOTA BOSHOKU LAO CO.

Toyota Boshoku Corporation has begun manufacturing automobile seat covers in the Lao People’s Democratic Republic. Manufacturing is being undertaken by TOYOTA BOSHOKU LAO CO., LTD., which was recently established as a satellite to support automobile seat production in Thailand. The seat covers will be supplied to the Thai production base.
As a member nation of the East-West Economic Corridor*1, Laos is convenient for distribution to Thailand, and has stable ….

Investments

Chinese Make $1.4bn Bid For Miner PanAust

13/05/2014 J&C Admin 2457 Views PanAust, PhuBia

PANAUST’S long-term supportive shareholder has turned hostile, proposing a $1.4 billion takeover bid which the target has immediately said materially undervalues its copper and gold assets.
Guangdong Rising Assets Management Co., a state-owned Chinese investment group, offered to take control of PanAust Ltd. (PNA) in a cash bid that values the Laos-focused copper producer at A$1.5 billion ($1.4 billion).
Buying PanAust would give Guangdong Rising control of mines in Laos as well as the ….

Investments

SCG Ready For Bt10 Billion Plant In Laos

05/05/2014 J&C Admin 3695 Views SCG Laos

SIAM CEMENT GROUP’S board of directors has approved a Bt10-billion investment to build its first cement factory in Laos, as the group continues to expand in Asean.
President and chief executive Kan Trakulhoon said the 1.8-million-tonne-a-year cement plant would be established in Khammouane province, Laos, and was scheduled to begin production in the second quarter of 2017.
“Demand for building materials in the region has continued to grow, especially in Laos, Cambodia and Myanmar. This cement plant will mainly serve demand in …..

Investments Lao Economy

JETRO Opens Office In Laos

30/04/201430/04/2014 J&C Admin 4715 Views JETRO

The Japan External Trade Organization on Monday held an opening ceremony for its Laos office in the capital city of Vientiane.
The new office, expected to be fully operational in July, 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 ….

Business Investments Transportation - Vehicles

Lao-Thai Train To Provide Logistic Services In 2015

22/04/2014 J&C Admin 2779 Views Lao-Thai Train, Thanalaeng Train Station

Logistic facilities at Thanalaeng Train Station in Vientiane have begun to take shape after eight months of construction, according to a Lao railway official.
The Lao Railway Authority’s Railway Management Division Chief, Mr Somsana Rasaphone said recently that the new facilities, which will enable the train station to provide freight services, are now some 23 percent complete.
Construction of the container yard and lifting facilities at the train station began at the end of last year and was scheduled to be completed within 18 months. The Lao government hopes to open the rail freight service ahead of the establishment of …

Business Investments Lao Economy

Govt Vows To Improve Business Environment

22/04/2014 J&C Admin 2669 Views Lao National Chamber of Commerce and Industry (LNCCI), Prime Minister Thongsing Thammavong

The government has vowed to address any barrier that hinders business operation and investment in Laos to boost socio-economic development of the country.
Prime Minister Thongsing Thammavong yesterday told business executives that the government would take all their recommendations and proposals into the cabinet’s agenda in a move to bring about a good business operation and investment friendly climate.
Business operators called for the government to introduce clear export and import related policy giving more incentives for their …

Finance - Banking - Money Investments Lao Economy

Businesses Urged To Revise Plans As Govt Slashes Spending

21/04/2014 J&C Admin 2260 Views

A number of businesses ranging from construction firms to office equipment sellers need to revise their business plans following the government announcing its belt tightening policy, according to economists.
“Business leaders in Laos need to adjust their business plans to the reality of the situation so they can run their businesses smoothly,” the Lao National Economic Research Institute said.
In October, the government stopped paying state employees a monthly living allowance of 760,000 kip (US$95) per person as a measure to pay off the country’s debt.
It also announced a suspension of ….

Investments Lao Economy

Mitsubishi To Build Plant In Laos

10/04/201419/04/2014 J&C Admin 3330 Views Mitsubishi Plant Laos

Japanese electronics maker Mitsubishi will invest US$8 million (260 million baht) in its first production plant in Laos.
MMC Electronics Laos Co signed a lease with an industrial park on the outskirts of the capital, the Vientiane Times reported.
Construction of the plant, which will produce thermostats and temperature control equipment for air conditioners, refrigerators, rice cookers and cars, is to begin immediately and be completed by ….

Investments Lao Economy Security Transportation - Vehicles

Laos, China Vow To Push Railway Project Forward

10/04/2014 J&C Admin 2523 Views Prime Minister Thongsing Thammavong

Laos and China have confirmed they will push forward with the Lao-Chinese railway project while the two countries are still looking for an effective method of cooperation that serves their mutual interest.
The Lao and Chinese governments have come up with a plan to build the 421km railway, which would link Vientiane to the Laos-China border in the coming years.
The Lao side also suggested that China should expand its investment in hydro and lignite power plants as well as provide loans for irrigation development in the central provinces in order to ensure ….

Business Investments Lao Economy

Chinese Investors Consider Doing Business At That Luang SEZ

26/03/2014 J&C Admin 2367 Views That Luang Marsh SEZ

Leading ethnic Chinese business people running companies in Thailand are investigating the US$1.6-billion That Luang Specific Economic Zone (SEZ) in Vientiane for possible future investment.The delegation comprised about 15 business people who own factories in Thailand notably related to salt, rice, steel manufacturing and other construction-related businesses.
The That Luang Marsh SEZ is one of the government’s mega-projects that will play a significant role in boosting the socio-economic development of Laos. The government signed a ……

Business Investments Lao Economy

Laos Allocates SEZ For Japanese Investment

20/03/201420/03/2014 J&C Admin 2929 Views Savan-Xeno Special Economic Zone

The government has designated an area in the Savan-Xeno Special Economic Zone in the central province of Savannakhet for sole use by Japanese factories after learning that many firms are looking for new production bases.
“We have designated Area B in the Special Economic Zone for ……

Finance - Banking - Money Investments Lao Economy

Japanese Investment Skyrockets In Laos

13/02/2014 J&C Admin 3811 Views Nikon Laos, Toyota Laos

Japanese investment in Laos has skyrocketed and the prospects remain strong looking forward, according to a leading economic expert in the field.
With strong forecasts for growth, Japanese investors see Laos as a new production base following the improvement of the country’s infrastructure, legal framework and the availability of cheap labour. The latest investors from these countries include Nikon and Toyota, which will both be building part of their production bases in Laos.
The value of Japanese investment in Laos in 2013 reached …..

Business Investments Lao Economy

Mascot Opens New Workwear Factory In Laos

07/01/201407/01/2014 J&C Admin 3626 Views Mascot workwear

Danish workwear maker Mascot is continuing its expansion in Southeast Asia with the opening of a newly built factory in Laos.
The new 9,000 square metre production unit becomes the fourth that it operates in the region, and will complement the company’s three existing factories in northern Vietnam.
“Since we obtained the investment license, it has taken less than a year to complete the project, and I am very much looking forward to seeing the first ‘made in Laos’ Mascot-products,” said owner and CEO Michael Grosbøl.
It is expected that the workforce at the Laos factory will reach …..

Business Culture Investments

Laos Impoves Ranking In Global Corruption Survey

11/12/2013 J&C Admin 3078 Views Corruption Laos

Corruption remains a threat to Laos, and global development, despite the government making progress to tackle the problem, officials noted at an International Anti-Corruption Day event.
According to the annual Corruption Perceptions Index prepared by global anti-corruption body Transparency International, Laos is currently ranked at 140 out of the 177 countries surveyed for the index, which scores countries on how corrupt their public sectors are seen to be. Last year Laos was ranked 160.
“Corruption is one of many negative phenomena having a large effect on ….

Finance - Banking - Money Investments

LSX Launches Online Trading Service

19/11/201319/11/2013 J&C Admin 3123 Views Lao Securities Exchange (LSX)

Local and foreign investors will find it easier to buy and sell stocks on the Lao Securities Exchange (LSX) with the launch of the Home Trading System earlier this month.
LSX, a Lao-Korean joint venture, launched the new stock trading service so investors can place orders to buy and sell stocks from anywhere in the world with internet access.
People wishing to trade on the LSX are advised to contact one of the two associated security companies, who can provide information on the trading system. Traders must install home trading software and open a bank account so they can access the online system before……

Investments Lao Economy

Abe Discusses Aid, Security In Laos

18/11/2013 J&C Admin 2510 Views Japan, Prime Minister Thongsing Thammavong

Prime Minister Shinzo Abe and Laotian Prime Minister Thongsing Thammavong agreed Sunday during their summit to seek the launch of a security dialogue framework.
“I would like to come to a mutual understanding (with Laos on various issues) through dialogue between our foreign and defense officials,” Abe said.
Abe also unveiled Tokyo’s decision to extend yen loans to help Laos expand an airport terminal to back its efforts to improve its infrastructure. In other support for Laos’ development, Abe offered Japanese help for the Southeast Asian country’s health and medical care systems, Japanese officials said.
Abe is on the second and last leg of a two-day trip to Southeast Asiathat took him to ….

Finance - Banking - Money Investments

The Pension Time Bomb

24/10/201328/10/2013 J&C Admin 2228 Views

The dream of a relaxed and enjoyable retirement is something we all aspire to. Unfortunately not all of us plan well enough to ensure we have sufficient funds to live out our dreams. So what is it we might be getting wrong ?
Firstly, very few people take into account inflation. Our pension providers will quote us a figure that in today’s terms looks reasonable. However if inflation runs on average of …

Finance - Banking - Money Investments Lao Economy Uncategorized

Interest Picks Up In Savannakhet Industrial Zone

26/09/201326/09/2013 J&C Admin 3119 Views Savannakhet Industrial Zone

Before Thailand experienced its crippling floods in 2011 and the minimum wage hike in 2012, the Savan-Seno Special Economic Zone (SEZ), the first of its kind in Laos, was struggling to attract foreign companies. But now the location is gaining notice as a new choice for businesses looking for a low-cost, low-risk location.
Two of the pioneers at the site in Savannakhet have been Toyota Boshoku Asia, a major supplier of seats and interior parts for Toyota, and Nikon, the Japanese camera maker. Their presence is expected to draw other suppliers in the ….

Investments Security

No More Casinos In Laos: Lengsavad

09/09/2013 J&C Admin 3097 Views Casino Laos

Laos will no longer grant new concessions for casinos in special economic zones on its soil. It will also overhaul plans for such areas so they have a clear focus and right direction for economic development, Deputy Prime Minister Somsavat Lengsavad said in an interview recently.
“Casinos in special economic zones such as the one in Boten (in the north) have made no good contribution to development and even affected relations between China and Laos, so we don’t want them anymore,” Somsavat said.
The idea to end casino concessions in special economic zones came with a plan to review….

Investments

Investment In Laos Remains Stable Despite Mining Halt

02/09/201302/09/2013 J&C Admin 2632 Views

Growth in the investment sector has remained stable despite the government last year halting new investment proposals for mineral extraction and rubber and eucalyptus plantations. An official told the slowdown has yet to impact on the country’s investment sector.
“Although we have suspended new proposals for mining and rubber and eucalyptus plantations until December 31, 2015, domestic and foreign investment in Laos has remained stable,” he said.
“The hydropower and agriculture sectors are starting to slightly replace the loss in the mining sector,” he said, adding that many more businesses are interested in investing in Laos…..

Finance - Banking - Money Investments

Labour Shortage A Major Challenge For Investors

22/08/201322/08/2013 J&C Admin 2075 Views

Both local and foreign investors operating businesses in Laos have been encountering problems stemming from the chronic labour shortage. “We are experiencing an annual shortfall of labourers in excess of 31,000 people,” said a senior advisor to the Lao National Chamber of Commerce and Industry.
Mr Onesy said that in the midst of this labour shortage, some 100,000 people are crossing the border to seek work in other countries, and there are no controls in place to stop this exodus. Many areas in the central and southern provinces have no young people to work in the rice fields since most prefer to work in other countries, leaving the job ……

Business Finance - Banking - Money Investments Thailand

Thailand Aims To Double Trade With Laos

05/08/201305/08/2013 J&C Admin 2491 Views

Thailand will discuss with Laos a plan to double bilateral trade to US$8 billion (Bt240 billion) by 2015 from $4 billion in 2011.
The meeting between the Thai Commerce Ministry and the Lao Ministry of Industry and Commerce on August 8-9 will discuss the expansion of bilateral trade and investment, aiming to double bilateral trade value by 2015.
Thailand would urge more Thai businesses to invest in Laos. Thailand is currently the third-largest investor in Laos after China and Vietnam. Most of the Thai business investment in Laos is in the mining, energy, agriculture, forestry, and ……

Business Finance - Banking - Money Investments

Economists Project Strong Eonomic Growth In Laos

20/06/201320/06/2013 J&C Admin 2198 Views GDP Laos

Economic growth in 2012-13 should reach 8.3 percent if government and foreign investment projects are implemented as planned, according to the National Economic Research Institute (NERI).
The figure was reported yesterday at the ‘Lao Economy in 2012 and Outlook for 2013′ meeting, organised by the institute with support from the World Bank. The economy should continue to grow by 8.2 percent in 2013-14 and 14-2015, according to the NERI.
GDP per capita reached 10.8 million kip (about US$1,349). The agricultural sector grew by 2.8 percent, accounting for 26.7 percent of GDP; the industrial sector grew by ….

Business Finance - Banking - Money Investments

Private Firms Driving Lao Economy

17/05/201317/05/2013 J&C Admin 3003 Views

Private firms have become a major driving force of Lao economic growth. In 2011 domestic and foreign private firms contributed 16 percent of total Gross Domestic Product (GDP), becoming the largest contributor to economic growth.
It is not surprising to learn that domestic and foreign private companies are playing a significant role in driving the economy. The government adopted a market oriented policy in 1986, allowing the private sector to take part in economic development after a decade of running a centrally planned economy. The government has also made a strong commitment to improve the business climate, to encourage the private sector to invest and do business in Laos. One of the government’s major achievements has been the easing of restrictions on ……

Lao economic growth forecast at 7.7 percent this fiscal year

Business Finance - Banking - Money Investments

ADB Projects Strong Economic Growth For Laos

10/04/201327/01/2014 2418 Views

The Lao economy is expected to grow by about 7.7 percent in 2013 as resource based industries, manufacturing and services continue to generate solid growth, according to a key Asian Development Bank (ADB) report.
According to the publication, the substantial investment flowing into hydropower and mining, coupled with the construction of hotels, offices and residential buildings, will drive this growth. “The outlook for the Lao economy in 2013 is strong, as we see the economy starting a gradual diversification from its overdependence on ……

Business Investments Transportation - Vehicles

Toyota Establishes Production Base In Laos

09/04/201327/01/2014 4979 Views Toyota Laos

Toyota established a new vehicle interior components production company, TOYOTA BOSHOKU LAO CO., LTD. in the Savannakhet Province in April. This is the first time the Toyota Boshoku group has built a production base in Laos.
The new company will serve as a satellite complementing the Toyota Boshoku group production base in Thailand. It will start producing …

Business Expat Community Laos Investments

Indochina Falling Under Russia’s Influence Again

05/04/201305/04/2013 J&C Admin 2767 Views

Russia is returning to Indochina not as a seller of weapons, but by means of investment in these countries by increasing tourism, developing small and medium business and buying real estate. Growing wealth of the Russians, warm climate, and the decline of interest in the dangerous Middle East sector has led to a reorientation of their interest towards Thailand, Vietnam and Laos.
It is tourism, and not large business that plays a crucial role in the struggle for geopolitical influence in Indochina today. Indeed, in ….

Business Finance - Banking - Money Investments

Your Next Nikon SLR Could Be Part Laotian

22/03/201327/01/2014 2738 Views Nikon

We all know where our favorite camera brands hail from, but have you ever looked at the sticker on the bottom of your camera to see where it was made? If not, you might be in for a surprise.
Nikon has revealed that it is establishing a new factory in Laos. The Japanese manufacturer is investing approximately 6.3 million US dollars in the project, and expects to have around 800 employees in a 10,000 square meter facility once production begins……