THE Lao government is definitely keen to interest more foreign investors to the country, evidenced by the amended investment laws, ease in issuance of business licences, and overall transparency. This was the assurance given by Deputy Prime Minister, Dr. Thongloun Sisoulith, at the economic and investment conference held in Bangkok from 11 to 12 July. Dr. Thongloun met with more than 100 Japanese businessmen in Bangkok, as well as representatives from the Ministry of Trade, Ministry of Finance, and the Committee for Planning and Investment at the conference. Laos count its low labour cost and abundant natural resources as its edge over neighbouring countries. At present, Japan ranks number eight in investment dollars, but
Dr. Thongloun is optimistic that there would be more investors from Japan in the near future. According to Dr Thongloun, garment company Yamaki decided to set up a factory in Laos for producing goods for export to US. Another company, Yazaki, which produces electric wires and meters for cars, had also expressed interest to invest in Laos. However, Dr Thongloun noted that in order to attract more investment from Japan, Laos has still to resolve many issues such as ensuring reliable and good transport system, import and export service, etc
