news-and-events

Laos and China organize business forum aiming to attract Chinese investors to Laos

(Dr. Khamlien Pholsena, Vice Minister of Planning and Investment delivers opening remarks)

On June 12th, 2017, Ministry of Planning and Investment (MPI), Ministry of Industry and Commerce (MOIC) and Lao National Chamber of Commerce and Industry (LNCCI) of Lao PDR co-organize Laos Investment Seminar 2017 in Kunmming, Yunnan Province, People’s Republic of China under the support of Yunnan Construction-Investment-Shareholding Co.,Ltd. This seminar is organized back to back with the 2017 South and Southeast Asia Commodity Expo and Investment Fair.

Dr. Khamlien Pholsena, Vice Minister of Planning and Investment said Lao National Assembly promulgated the revised Investment Law 2016 aiming to improve Investment to be practical and suitable for to actual need and implementable factor. This is very important step because the foreign investments play a crucial role for national economy growth. There are 9 priority sectors for domestic and foreign direct investment (FDI) such as agriculture, healthcare, hi-tech and environmental friendly industry, etc. Investments into these sectors will be given more investment incentives. Investments into 12 special/specific economic zones also obtain special investment incentives. Attracting Chinese investments to Laos would contribute to the economy growth, currently Chinese investments rank as the top in which the investments from Yunnan Province accounts for 40% of total Chinese investments to Laos.

(about 100 audiences attend the Laos Investment Seminar in Kunming, Yunnan Province)

Mr. Thanongsinh Kanlaya, Vice President of LNCCI presents background of business environment in Laos and introduces some key projects to seek for Chinese investors/ counterpart such as the development of Tad-Xone Tourism site in Vientiane Capital, real estate development in Borikhamxay Province, Furniture factory and exhibition hall in Vientiane Capital, development of special economic zone in Luanprabang province and other projects in Bokeo Province and Savannakhet.

In addition that, Manager of Yunnan Construction-Investment-Shareholding Co.,Ltd shares the successful project development in Laos such as Vientiane Center, Xaysetha development zone, Sky city project and cement factory.

The half-day session is followed by the presentation of Chinese company who invests in organic plantation and Lao company who invests in agriculture and real estate development called Lao Samay Group.

 

Resource: Mr. Phouvong NGAOPHONGSAVATH (Deputy Director of Investment Promotion Division, IPD-MPI)

 

 

 

Laos Economy and Investment Dialogues 2016 in Tokyo and Fukuoka.

 

On 15th and 17th November 2016, Laos Economy and Investment Dialogues 2016  were organized Tokyo and Fukuoka, Japan by Ministry of Planning and Investment of Lao PDR and ASEAN Japan Centre. These events attracted over 200 Japanese Investors.

 

On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, it was mentioned that the forum is to foster the closer co-operation between Lao PDR and Japan which marked 60th anniversary in 2015.

The remarks of Minister Keomixay elaborated the Vision 2030 of the Lao Government, the 2025 Socio-economic Development Strategy and the 8th Social and Economic Development Plan 2016-2020. One of key elements to achieve those goals is the contribution of the domestic and foreign investments.

Minister Keomixay also shared the new business opportunities in Laos and encouraged the investors to explore the potential of the promising infrastructure development and the integration of Laos to ASEAN and the region. Under the Chairmanship of ASEAN in 2016, Laos has been working closely with the ASEAN member States and dialogue partners to foster the integration and conducive business environment. 

Minister Keomixay emphasized that the special and specific economic zones would provide business opportunities in manufacturing and service sectors. Currently, two out of total 12 SEZs were here with us and they were very happy to explain about the advantages of investing in their zones and talked with Japanese investors in person.

Savan Park is located in Savannakhet Province (central part of Lao PDR) which takes full advantage of the East-West Economic Corridor. This SEZ covers the total land area of 234 Hectare (ha) and 47 enterprises registered in the zone.

Pakse-Japan SME Zone is located in Champasack Province (southern part of Lao PDR) and it is one part of Champasack SEZ with total area of 995 Ha. It was established in 2015 and aims to target Japanese SMEs.

SEZs in Lao PDR features several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.

 

 

 

Promoting Lao Investment Opportunities in Agriculture, Manufacturing, and Tourism sectors to Korean Businesspersons

 

On 1st September 2016, the Investment and Business Opportunities in Lao PDR Forum – Focusing on Ago-based and Tourism Industries- was organized in Seoul, Republic of Korea by Ministry of Planning and Investment of Lao PDR and ASEAN Korean Centre. This event attracted over 100 Korean and Lao audiences.

On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, keynote speaker of the seminar said that the forum is among the activities to foster the closer co-operation between Lao PDR and Republic of Korea since the establishment of the diplomatic relation since 1995.

The remarks of Minister Keomixay elaborated the Vision 2030 of the Lao Government, the 2025 Socio-economic Development Strategy and the 8th Social and Economic Development Plan 2016-2020. One of key elements to achieve those goals is the contribution of the domestic and foreign investments. The forum showcased three key sectors of investment in Laos such as agriculture, manufacturing and tourism. Each of the topic would be given an insightful information by representative from relevant government authorities from Laos.

Minister Keomixay emphasized that the special and specific economic zones would provide a promising business manufacturing and service sectors. Currently, two out of total 12 SEZs were here with us and they were very happy to explain about their zones and talked with Korean investors in person.

Savan Park is located in Savannakhet Province (central part of Lao PDR) which takes full advantage of the East-West Economic Corridor. This SEZ covers the total land area of 234 Hectare (ha) and  47 enterprises registered in the zone.

Luang Prabang SEZ is located Luang Prabang Province with total zone area of 4,850 ha. They investment portfolio cover wide range such as real estate development, international high school, hospital medical centers, banking and financial institutions, hotel, entertainment venues and restaurants, sport center, cultural center and amusement parks, etc.

SEZs in Lao PDR features several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.

 

 

 

To: All Foreign and Domestic Enterprises investing in Mining, energy, agriculture and other concession projects in Lao PDR.

Subject: The 2nd Official Announcement on the official use annual investment report template for all concession projects in Lao PDR.

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Last update: 04 July 2017.