Thai Business People Seek Investment Opportunities in Laos | Lao Tribune

Thai Business People Seek Investment Opportunities in Laos

Representatives of a local company, Phongsavanh Group, and business people from Khon Kaen (Thailand) met in Vientiane this week to discuss trade and investment opportunities in the Lao PDR.

Held on March 17, the meeting was co-chaired by Chairman of the Phongsavanh Group Shareholders’ Committee, Mr. Somboun Phongsavanh, and Chairman of the Khon Kaen Provincial Chamber of Commerce, Mr. Khemxad Somjaivong.

The meeting was held to provide the business people in the two countries to discuss cooperation in various sectors namely tourism, human resources development, healthcare, aviation, banking, and finance in Laos, said Mr. Somboun.

At the meeting, the Thai business people were briefed on the economic growth and investment opportunities in Laos.

Laos has witnessed a strong annual economic growth of 7-8 % since 2010. The processing industry, and service and agriculture sectors recorded a higher growth, followed by mining, electricity and waterworks industries.

Source: Lao News Agency