Laos vs Cambodia

Date: Oct 1, 2008

Laos vs Cambodia

Lan_Xang · Guru

May be Cambodia is just better at record keeping? biggrin

samakomlao · Guru

Do you have these kind of data for all ASEAN countries ?

SeeHarHed · Guru

Same Same

hahhahahah

BruceLaoMan · Senior Member

samakomlao wrote:
Do you have these kind of data for all ASEAN countries ?

Lol, Laos vs Cambodia made me believe that it's about sports competition.

Date: Oct 1, 2008

http://en.wikipedia.org/wiki/Laos
http://en.wikipedia.org/wiki/Cambodia

hey guys if you have pratical examples to prove, it will be perfect. What you have shown is just a number, the reader just dont know wether it is trueth or not.

Let see cambodia reall examples in a forum that has been viewed by more than 3000 times.

I really want to see lao in progress faster than today condition. I have visited your country many times, and i felt in love with your friendliness and culture.
Before i visited your country, I had expected a much better economic progress than cambodia, a country that had encountered a terible war. But, i was really surpriesed and just do not understand why....

Date: Oct 1, 2008

I think local lao people just dont care much about the econmics... what we care is peace and living in harmony.

Or maybe most of them have never been traveling to other country that is why it is hard to compare and harder to demand more.

Date: Oct 1, 2008

Written by Post and Wire Services

THURSDAY, 25 SEPTEMBER 2008

Cambodia's Leopard Group could manage investment from the UAE-based fund,

with sights set on energy, agriculture and property development

Heng Chivoan

Cambodians harvesting rice; the Kingdom’s agro-industry sector is attracting increasing

amounts of foreign investment.

DUBAI Group, an investment

company managing more than US$40

billion on behalf of the emirate's ruler,

said it may invest in Leopard Capital's

Cambodia fund, the group's first

investment in the Kingdom.

"We are interested in Cambodia,'' said

Lim See Teik, a senior private-equity

analyst at Dubai Investment Group,

the asset management unit.

"There seems to be a lot of potential.''

The prospect of oil and gas

development and political stability are

luring foreign investments in Cambodia.

The Cambodian economy grew 9.5 percent a year from 2000 to 2007, the fastest pace in

Asia after China.

An official at the Finance Ministry said he had no details on the investment.

"I am unaware of the news, but if it materialises, we are pleased to welcome the

investment," Hang Chuon Naron, a secretary general at the ministry, told the Post

Wednesday.

Dubai Group has invested in other Southeast Asian countries, except for military-ruled

Myanmar, Lim said.

The group bought a 30 percent stake in Malaysian bio-diesel company GBD Investment Ltd

for $49.5 million in April.

"Cambodia is probably the missing link in the jigsaw,'' Lim added, declining to say how

much Dubai Group will invest.

Cambodia ranked 166th among 180 countries in Berlin-based Transparency International's

2008 survey of perceptions about corruption. Myanmar was the most corrupt.

'Opportunities'

Dubai Group, which includes seven units with interests in asset management, conventional

and Islamic banking, private equity and insurance, was set up as part of Sheikh Mohammed

Bin Rashid Al-Maktoum's plan to diversify Dubai's economy.

Leopard Capital has invested in a housing project in Siem Reap.

The fund has identified potential investments in agriculture, commodities processing, a fastfood

restaurant, banks, power plants and hotels, promising returns of about 25 percent a

year, Chief Executive Officer Douglas Clayton said.

Earlier investments will offer much higher returns, he added.

"There is no shortage of opportunities,'' Clayton said. "Here, there are too many deals and

not enough money; the country's changed faster than the perception has changed."

Leopard Capital told Bloomberg News it is taking longer than expected to raise the targeted

$100 million amid the global financial turmoil.

The fund has raised $12.6 million and is set to attract additional commitments following

meetings with investors from 17 countries in Phnom Penh last week Clayton, said.

Tougher environment

"The fundraising environment for everyone is a bit tougher right now given the Western

banking crisis, but there are still plenty of investors out there looking for safe havens of

growth, and private equity in Cambodia is certainly one of the few in Asia,'' said Clayton.

Cambodia's stock market, scheduled to open by the end of 2009, will have a capitalisation

of as much as $2.5 billion in 2014, or about 20 percent of the nation's gross domestic

product, said Ken Stevens, chief investment officer of Leopard Capital. Leopard Capital

plans to cash out of most of its investments through share sales in the local market.

"The key thing is the development of a capital market which has sufficient breadth and

depth to allow exits from investments,'' Dubai Group's Lim said.

"That would be a key concern for us,'' he said.

No information on the investment was available on the Dubai Group's website, and a

company spokeswoman would not confirm or deny Dubai Group's plans

Date: Oct 1, 2008

Hoang Anh Gia Lai (HAGL) Group has projected a budget of more than US$100 million in its projects in the neighboring country of Laos, mainly in the rubber and property sectors, the group's chairman said.

Doan Nguyen Duc told the Daily on the phone on Monday after a trip from Laos that the upcoming projects would consist of a property complex in Vientiane and two factories to process latex for export as outlined in its business development strategy in the country.

Duc said the Lao government had given the nod to HAGL's construction of a Vina Tower complex comprising of a commercial center, a hotel and offices for lease in Vientiane City.

"We are looking for an appropriate land plot in the capital of Laos and plan to start work on the property project next year," Duc said.

HAGL will invest heavily in the latex processing factories designed with a combined output of 400,000 tons every year when they were commissioned in 2012 in Attapeu Province.

Duc said these projects would help the group export US$120 million worth of latex and wooden products every year from the province. "This export revenue is very significant to such a province like Attapeu," Duc said.

Duc said that HAGL's investment in Laos would exceed US$100 million in the next three to four years when the group carried out its major projects.

HAGL has commissioned a modern wood processing factory and grown 5,000 hectares of rubber trees in Laos.

"We have invested US$25 million in these projects and generated jobs for some 500 people in Attapeu," Duc said.

The Lao government has approved allocation of an additional 10,000 hectares for rubber farming in Attapeu Province, increasing the acreage under rubber tree cultivation is the province to 15,000 hectares. The rubber trees will be the main source of latex for the two processing factories.

The Lao government has also allowed HAGL to explore iron and copper ores in Southern Laos.

In return, HAGL will provide Laos with US$14 million for building a major complex with 1,000 rooms for athletes to stay during the SEA Games 25 taking place in Laos next year.

The complex in the Lao National University will also include meeting and dining rooms, a press center, lighting systems and other auxiliary works. This complex will be converted into a dormitory for 8,000 students after the end of the upcoming sporting event.

HAGL will give US$4 million out of the total sum in gratis aid in accordance with a memorandum of understanding the group signed with the Lao Ministry of Finance in Vientiane last week. (SGT)

Date: Oct 1, 2008

The Ministry of Planning and Investment of the Lao PDR reports that for the past three years, that is from 2005 to 2007, the government approved some 505 foreign investment projects, worth more than 5,080 million dollars.

Foreign investments continue to increase this year with 92 more projects approved in the first eight months of 2008, at an aggregate value of more than 359 million dollars, mostly in the fields of energy, mining, and economic crop plantation.

Mining is the sector that is bringing the fastest returns.

Thanks to rising gold, copper and silver prices on the world markets, Laos stands to benefit more from the mining concessions granted to Australia's Oxiana Resources and Pan-Australia. Oxiana says it expects Laos to receive some 2 billion dollars in revenues from its Sepone copper exports between now and 2020, and that excludes its shares from Pan-Australia's Phou Bia's gold mines.

So far, Laos has approved 181 mining projects by a total of 118 companies, 74 of which are foreign ones that will undertake 101 projects. The Lao government reportedly plans to approve more than ten projects between now and 2010. The majority of those projects will be bauxite and aluminum exploration and mining in Champassack and Attapeu provinces.

The Lao government has said it will use the money from all these concessions to fund its efforts to improve the life of its people.

http://www.voanews.com/lao/archive/2008-08/2008-08-11-voa6.cfm

Date: Oct 1, 2008

(KPL) The foreign investment in Laos over the past six months of the 2007-2008 period reached almost US$200 million.

The figure was recently disclosed by the Department of Investment Administration and Promotion. The investment, by foreigners was over US$165 million and US$28 million was invested by locals.

The figure showed the national investment soared by 38.6% of the annual target.

The foreign investment was invested in 57 projects that agriculture sector was covered a large number had 18 projects worth US$52.7 million, followed by telecommunication sector was US$32.4 million and mining sector was US$30 million in six projects.

There were nine countries have invested in Laos over the past six months which China was a top list of investment covered 22 projects worth US$84 million, Vietnam has nine projects worth US$32 million, eight projects of Korea worth US$26 million and 10 projects of Thailand worth US$18,4 million and other countries respectively.

Over the past six month, Lao government has signed some Memorandum of Understanding (MoU) with Sino-hydro Company on Nam Khane II, Nam Khane III Hydropower construction projects, now under the feasibility study.

The Government also allowed Electricite du France to invest in Nam Ngiep II hydropower construction dam.

At the present, the investor is now conducting a feasibility study and evaluation on environmental impact within 18 months.

In addition, the Government has authorised a Chinese company to invest in the Hongsa Lignite Power project and Nam Lik hydropower dam project.

Source: kpl

Date: Oct 1, 2008

Investing in Lao Ecotourism

Ecotourism is a new and growing industry in the Lao PDR and there are many good investment

opportunities for ecolodges and tour services. Laws and regulations in Lao PDR are quite favorable for foreign and local investors that are interested in investing in the ecotourism sector. Below are some links to documents and sites relevant to investing in Lao ecotourism.

Date: Oct 1, 2008

By Darren Schuettler

VIENTIANE (Reuters) - After decades of isolation, Communist-led Laos is enjoying an economic boom fuelled in part by surging demand for its abundant commodity -- land.

From China to Japan and South Korea to Thailand, agri-business firms are flocking to the landlocked Southeast Asian nation to grow everything from rubber and pulp trees to organic vegetables and "green" crops for alternative fuels.

"Laos will be ASEAN's orchard in a couple of years," Thai embassy commercial officer Chalaempon Pongchabubnapa said of the 10-nation Southeast Asia grouping of which Laos is a member.

sources: Reuters

Date: Oct 1, 2008

HANOI, July 19 (Xinhua): Laos is appealing for more foreign investors, especially Vietnamese ones, to do business in its capital Vientiane, local newspaper Vietnam News reported yesterday.

The Lao government has encouraged all forms of foreign investment from business cooperation contracts to joint ventures and wholly foreign-invested firms, director of the Vientiane Department of Industry and Trade Bounpone Sisoulath said at a conference on appealing for investment and trade in Laos held in Vietnam's southern Ho Chi Minh City.

Vietnam, currently having 106 projects with capital of 504 million dollars, is the third largest foreign investor in Laos after China and Thailand.

sources: Xinhua

Date: Oct 1, 2008

Vietnam Pours US$1.28 Billion Into Investment in Laos

VIENTIANE, Aug 12 Asia Pulse - Vietnam currently ranks third among 30 foreign investors in Laos with 117 projects capitalised at US$1.28 billion.

The figures were revealed at a conference reviewing Vietnam-Laos investment cooperation, co-chaired by Lao Minister of Planning and Industry Soulivong Dalavong and his Vietnamese counterpart Vo Hong Phuc, in Vientiane, on August 12.

Vietnamese investors capital commitment to projects in Laos have increased rapidly, from US$55 million in 2006 to US$600 million in 2007.

In the years first seven months, Vietnamese businesses pledged US$240 million in investment in Laos.

Minister Soulivong said the Laos Government encourages Vietnamese investors to invest in energy and mining.

The Lao Ministry of Planning and Investment is ready to aid those who want to do business in Laos, he said. (VNA)

Date: Oct 2, 2008

Yeah, Lao need a big investor like Vietnam. They are a really good neighbor, we will prosper with this kind of investment.

Date: Oct 2, 2008

Where are those projects will be located?? any hard evident or picture to show?

Date: Oct 2, 2008

http://www.itu.int/ITU-D/ict/cs/photos/laos/Development%20Project.JPG

http://images.google.com/imgres?imgurl=http://bp1.blogger.com/_hTYPS2qpmmY/R1JE372mhVI/AAAAAAAAAFg/GdkzH-Kn-P0/s1600-R/Nam%2BTheun%2B2%2B169.JPG&imgrefurl=http://oursharedworld.blogspot.com/2007/12/clean-energy-messy-consequences-in-laos.html&h=683&w=1024&sz=193&hl=en&start=54&um=1&usg=__JYFqy70ipujbM7ELkmmQn3fczZU=&tbnid=ggEqR_dPEtxM1M:&tbnh=100&tbnw=150&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D40%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

http://upload.wikimedia.org/wikipedia/en/thumb/e/e5/Viangchanbank.JPG/350px-Viangchanbank.JPG

http://images.google.com/imgres?imgurl=http://www.internationalrivers.org/files/nt2_b_a.jpg&imgrefurl=http://www.internationalrivers.org/en/node/1847&h=354&w=600&sz=95&hl=en&start=96&um=1&usg=__ngIAxd7jeMsHTY7cu0VLb8nJ1eI=&tbnid=MfzjL-WIof2XpM:&tbnh=80&tbnw=135&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D80%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

http://cache.daylife.com/imageserve/00Ct0T00xifQl/610x.jpg

http://www.nytimes.com/2006/06/26/world/asia/26laos.html?_r=1&oref=slogin

http://images.google.com/imgres?imgurl=http://www.mekong.es.usyd.edu.au/case_studies/nam_theun/hydro_in_laos/images/nam_ngum.jpg&imgrefurl=http://www.mekong.es.usyd.edu.au/case_studies/nam_theun/hydro_in_laos/hydro_in_laos.htm&h=134&w=202&sz=5&hl=en&start=438&um=1&usg=__lzXpx5r1bP-S29n0CMMtXmivbcU=&tbnid=b9AX4S5VPhBpdM:&tbnh=70&tbnw=105&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D420%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

http://images.google.com/imgres?imgurl=http://www.searca.org/web/news/images/News_2008May29.jpg&imgrefurl=http://www.searca.org/web/news/2008/may/web/29.html&h=175&w=250&sz=15&hl=en&start=480&um=1&usg=__SgHylWO58IycItKiZ6eQKYyyGo4=&tbnid=f14qi7fvSz6oBM:&tbnh=78&tbnw=111&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D460%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

http://images.google.com/imgres?imgurl=http://www.business-in-asia.com/countries/images2/laos_v1.jpg&imgrefurl=http://www.business-in-asia.com/countries/tourism_laos.html&h=262&w=350&sz=54&hl=en&start=618&um=1&usg=__aqmbfqdZXuxRXRaMWTrDOuTw9Bs=&tbnid=i6-epJs2_f5ywM:&tbnh=90&tbnw=120&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D600%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

Date: Oct 2, 2008

http://images.google.com/imgres?imgurl=http://www.invest.laopdr.org/map-lao.gif&imgrefurl=http://www.invest.laopdr.org/special%2520zone.htm&h=600&w=753&sz=22&hl=en&start=620&um=1&usg=__BcoGfsVH7THdNCsrQ872_GLueBE=&tbnid=x-IE8Ss8dAidJM:&tbnh=113&tbnw=142&prev=/images%3Fq%3Dimage%2Bof%2Bdevelopment%2Bin%2BLaos%26start%3D600%26ndsp%3D20%26um%3D1%26hl%3Den%26sa%3DN

Date: Oct 2, 2008

Any ways Laos and Cambodia are relative so there is no need to talk to much

Date: Oct 2, 2008

Wow!! great economic development. Local people really benefits from those fews examples shown in the previous links. So keep it up, some days our neighborings country will keep talking about Lao development every day.

I guest u r not LPA

Date: Oct 3, 2008

very nice indeed.
Good for all Lao people.