news-and-events

Laos Economy and Investment Dialogues 2017 in Osaka and Nagoya City

On 14th and 17th November 2017, Laos Economy and Investment Dialogues 2017 were organized in Osaka and Nagoya City, Japan by Ministry of Planning and Investment of Lao PDR and ASEAN Japan Centre under the theme of “Regional Supply Chains and Logistics: Expanding Investment Opportunities from Neighboring Countries to Laos.” These two events attracted over 150 Japanese people.

On the remarks of H.E. Ph.D Souphanh Keomixay, Minister of Planning and Investment, he emphasized that when we think about investments into Laos, we think about the investments into the regional market. The production in this era is fragmented or so called the supply chain.


The remarks of Minister Keomixay elaborated further that the infrastructure development is one of the priorities of the government and there are several development have been implemented such as the railway projects, dry-port projects and road projects. As for the railway, the Laos-China railway project will connect Southern part of China to Vientiane capital and also link to Thailand, Malaysia and Singapore. There are 02 railway projects are under conducting a thorough study and they have following routes: Vientiane Capital-Thakhek District-Khammuane Province-Vung Ang of Vietnam and Thakhek-Savannakhet-Pakse-Vang Tao of Thailand.  The dry-port projects, Lao Government  plan to develop 9 dry ports across the country and one of those was established in Savan-Seno Special Economic Zone in Savannakhet Province namely Savan Logistic Dry-Port.

Minister Keomixay emphasized that the special and specific economic zones would provide business opportunities in manufacturing and service sectors. Currently, one out of total 12 SEZs was here with us and they were very happy to explain about the advantages of investing in Pakse-Japan SMEs Zone and how Laos can position ourselves in the regional supply chain. 


The dialogues combined the panel discussion and the talks from knowledgeable speakers and experts on various topics such “Plus One and Supply Chain in Lao Investment Environment” Professor Motoyoshi Suzuki, PhD; “Current Situation of Factory Operation in Laos” Mr Yasuhito Murakami President, Tailon Lao Co.,Ltd; “Business Opportunities in Lao PDR” Mr Katsuichi Iwakami, Chief Representative, JETRO Vientiane; “Thailand Plus One in the Southern City, Pakse”; Mr Masahiko Ueda, President, Leonka World Lao Co., Ltd and Leonka World Co.,Ltd (Thailand).

Pakse-Japan SMEs 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 sufficient infrastructures and several incentives which are considered having several competitive incentives comparing to incentives granted outside the SEZs.


Apart from co-organizing the dialogues, the delegates from Laos had chance to visit key Japanese institutions and firms/factory such as Aichi Prefecture Governor Office and Toyota City (Tsusumi Plant), etc. 


 

 

 

 

U.S Investors sign LOIs with Partners for Development of First Large Scale Solar Power Project in Lao PDR

According to the immediate press release of Convalt Engery on September 29, 2017 in Vientiane Capital, Convalt Energy (“Convalt”), an independent renewable power production company wholly owned by New York-based investment firm ACO Investment Group, executed Letters of Intent (LOI) with General Electric (NYSE:GE) for supply of electrical equipment, Cathay United Bank of Taiwan for project financing, and with U.S-based DigiCollect for performing feasibility studies for the first large scale solar power project in Laos.

 

U.S. Secretary of Commerce Wilbur Ross witnessed the signing of the LOIs at a ceremony in Vientiane, along with Rena Bitter, U.S. Ambassador to the Lao PDR, and senior Lao government officials including Dr. Kikeo Chanthaboury, Vice Minister of Planning and Investment; Mr. Chansone Sanebouttalath, Vice Minister of Energy and Mines; and Mr. Somchith Inthamith, Vice Minister of Industry and Commerce.

Convalt signed MOUs for solar power development on August 31 with the Ministry of Planning and Investment and the provincial governments of Borlikhamxay and Attapeu Provinces, where Convalt is currently developing solar plants of 50MW and 250MW, respectively.  At an estimated cost of $400 million, this project would constitute the largest investment into Laos by an American company.  Both solar plants are expected to be operational by December 2019. 

GE is expected to supply electrical equipment including inverters, switchgear and electrical equipment for the transmission and substations to be built as part of the projects.  Cathay United Bank, a leading bank in the Asia-Pacific region, is expected to assist with project financing including providing debt financing for the project.  U.S.-based DigiCollect will be performing feasibility studies including Environmental, Social Impact Analysis and other technical studies related to the project.

Convalt, founded in 2011 as a portfolio company of ACO Investment Group, is primarily focused on developing, operating and maintaining energy generation, transmission & distribution assets. Please see www.convalt.com for more information about the company.

Convalt and its partners General Electric (NYSE: GE) and DigiCollect are currently working on a 300 MW AC solar power project in the Mandalay Region of Myanmar. 

 

 

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Chris Korzonkiewicz

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Laos - China Investment Forum 2017 at the 14th China-ASEAN EXPO, 13th September 2017, Nanning, China.

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

During the 14th China-ASEAN Expo 2017, Ministry of Planning and Investment, Ministry of Industry and Commerce, China-ASEAN Expo Secretariat and Department of Commerce of Guangxi Zhuang Autonomous Region organized Laos-China Investment Forum 2017 in Nanning, Guangxi Zhuang Autonomous Region on 13th September 2017. There were over 100 participants from central government and provincial authority, and businesses from Laos and China.

 

In the opening remarks of Dr. Khamlien Pholsena, Vice Minister of Planning and Investment, China and ASEAN have about 1.9 Billion of population which are covered about 27.1% of world population and 18.18% of world GDP. This reflects China and ASEAN play important role in the world economy. In order to broaden this role, China and ASEAN must deepen the cooperation in trade, investment, tourism, and others. It will go in line with the “One Belt One Road” of President Xi Jingping. This initiative will be initiative of peace, prosperity and civilization.  

The Laos-China Highspeed Railway Project is the historical investment project which will connect Laos to the region and facilitate the trade, investment and tourism. Moreover, it reaffirms the support on the “One Belt One Road” initiative.

As for the Chinese investments to Laos, it is ranked as No. 1 interms of investment volume with the amount over US$7.2 Billion and accounts for 25.2% of total foreign direct investments. Three popular areas of investments are mining, energy and agriculture.

 

In order to promote and attract investment from China, Dr. Khamlien emphasized that investors are special guests of the government which should be treated nicely. Government and investors must have mutual benefits or win-win benefits. The problems of investors are the problems of the government. Thus, the government must solve those problems in order to enable the business environment.

 

The Laos-China Investment Forum focused on 03 areas such as investment in special economic zone (especially in the Xaysetha special economic zone), investment in tourism (especially 2018 is the visit Laos year) and investment in agriculture (especially exporting rice).

 

 

 

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)

 

 

 

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Last update: 12 December 2017.