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Samakomlao -> Samakomlao Main -> General -> Investment in Laos according to Thai expert's opinion !
Post Info TOPIC: Investment in Laos according to Thai expert's opinion !
Anonymous

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Investment in Laos according to Thai expert's opinion !
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Laos has little capital, but is rich in resources, whereas Thailand has financial muscle but fewer resources, said a leading Thai businessman last week.
 
“I believe both countries can enter into joint venture agreements to enhance the value of these resources and create economic benefits in the future,” said the Director of the Thai Trade Centre in Vientiane , Laos , Mr Chalaempon Pongchabubnapa, at a Business Matching Programme last week in Vientiane as part of the Logistics Service Provider Mission to Laos .

“ Laos not only has a transport business, it has a lot of other potential business awaiting investment,” Mr Chalaempon told Lao and Thai business representatives considering future possibilities here.

Mr Chalaempon explained that when prospective investors considered Laos, with a population approaching 6 million, they should also look at neighbouring countries with larger populations, as these countries would be the main markets for any business operation.

Laos is centrally located among several countries that have well developed economies. To the north is China , which has a population of more than 1,000 million. To the west is Thailand , with a population of 65 million, to the east is Vietnam with 83 million people, while Cambodia to the south has a population of 13 million. “I often say that since Laos is surrounded by rich people, Laos will also become rich,” Mr Chalaempon said.
 
“If goods can be manufactured in Laos for supply to these countries, I don't foresee any problem.”
 
Laos also has large tracts of agricultural land that can be loaned out for 30 to 70 years. The soil is rich and has not been contaminated in any way with fertiliser or insecticide, so that crops such as maize grow quickly and in large quantities.

“Crops grown in Thailand use a great deal of fertiliser,” observed Mr Chalaempon. Laos also has large mineral deposits such as gold, iron and copper, and is on a path to become ‘the battery' of Asia by developing its hydropower potential.
 
Thailand has already signed a Memorandum of Understanding to develop this sector for power supply to Thailand . “In five to 10 years from now, I estimate that the value of electricity exports to Thailand will be higher than that of all other exports,” Mr Chalaempon said.

Laos has improved its regulations and laws to facilitate business investment and now has a law that promotes investment similar to th e laws of Thailand . “Overseas investors are coming to Laos more and more, partly because of its stable politics,” Mr Chalaempon said.

ByPhonsavanh Vongsay
(Latest Update October 18, 2007)

-- Edited by samakomlao at 16:25, 2007-10-21

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Saffron


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China have population of 1 billion....NOT....1 million.



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"Because I criticized Laos government and it policies, it does not mean I want Laos to remain poor nor do I think Lao people are lazy or uneducated."
SJCALSBM3


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Saffron wrote:

China have population of 1 billion....NOT....1 million.


1,000 million=1.0 billion read again...


-- Edited by SJCALSBM3 at 18:48, 2007-10-21

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Saffron


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Instead of writing 1 thousand millions WHY NOT just write 1 billion?

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"Because I criticized Laos government and it policies, it does not mean I want Laos to remain poor nor do I think Lao people are lazy or uneducated."
Anonymous

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 CHINA HAS MORE THAN 1.3 BILLION POPULATION, NOT JUST ONE BILLION.



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SJCALSBM3


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Anonymous wrote:

 CHINA HAS MORE THAN 1.3 BILLION POPULATION, NOT JUST ONE BILLION.


yes, true that what the article said, the key word "more than 1,000 million" same as 1billion plus which means anything over 1 billion... the article clearly stated more than 1b plus, it didn't state 1 billion. read more carefully and go word by word.



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If your left leg is Thanksgiving, and your right leg is Christmas, can I visit you between the holidays?
Anonymous

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Saffron wrote:

Instead of writing 1 thousand millions WHY NOT just write 1 billion?


Because when numbers are said like that in Asian countries, they're said as multiples of a lower number.

Instead of saying "thirty" you would said "three ten"



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Anonymous

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Technically they count 1,000 million as a billion because this is the official English understanding but some other countries (and also England in the past) count a billion is a 1000,000 million (a million million). So they make it clear which one they mean by counting it out.
But seriously, this conversation is a goood example of the conditions for investment in Laos at the moment = no one knows where the money goes or how much of it there is.
At least this Vientiane Times article has correct figures. There was a stupid article in VOA the other day that said Lao imports declined by 74.7 percent (a ridiculous number - it only ever did this when the Thai's closed the border with Laos after 1975) in the headline but then the article never mentioned where the number came from. Wake up "Voice Of America", you can count better than George W.


------------------------------
Laos Imports Decline 74.7% From Last Year
By Songrit PonNgern
20/10/2007
  
Songrit reports on Laos Imports/Exports in Lao, 2.35 MB audio clip
Listen to Songrit reports on Laos Imports/Exports in Lao, 2.35 MB audio clip

lao-money
Lao banknotes
Laos' Ministry of Industry and Trade reports that the country's imports for the first nine months of this year total $621 million, a 26% decline from the same period in 2006, while exports increase 4.4% to more than $648 million. The statistics lead Lao officials to believe that they will definitely have a trade surplus for 2007.

According to VOA Bangkok stringer, Lao authorities attribute import decline to rising price of fuel and the weak value of the kip, which led businesses to import less. 

Laos' central bank governor Phouphet Khamphounvong says the fact

lao-korea-stock
Laos central bank governor Phouphet Khamphounvong(r) shook hand with South Korea's Stock Exchange CEO after signing an MOU on creating Laos' stock market

http://www.voanews.com/lao/2007-10-20-voa2.cfm
that foreign currencies are widely circulated and accepted for big item purchases in domestic markets is one factor that contributes to the continued weakening of the kip, leading to lack of confidence in the currency among the populace.

Listen to our report for more details in Lao.


 


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